Hyundai registers 9.5 per cent growth in domestic sales; Overall sales decline by 7.6 per cent

Riding high on the success of the Xcent and the Grand i10, Hyundai India has registered a growth of 9.5 per cent in the domestic sales figures for June 2014 compared to the corresponding period, last year. Overall sales however, saw a dip of 7.6 per cent as a result of decline in the exports. 

Commenting on the sales figures Mr. Rakesh Srivastava, Sr. VP, sales and aarketing, HMIL said, “Hyundai with a volume of 33,514 units has grown by 9.5 per cent over last year on the phenomenal success of Xcent, Grand and Santa Fe.”

The Korean manufacturer sold 33,514 passenger vehicles in the domestic market in the last month as compared to 30,610 it sold in June 2013. Exports however, fell by a massive 29.4 per cent as the company shipped off only 17,004 vehicles as compared to 24,005 it managed in June 2013. 

While the Grand i10 has been regularly featuring in the top five list of best selling cars in India, the recently launched Hyundai Xcent has also been doing pretty well in the sub-four metre sedan segment. The Verna has been seeing consistent sales figures, though Honda has been selling twice the number of the City since its launch earlier this year. The new i20 hatchback is going to be launched later this year and is expected to boost the manufacturer’s volumes, for both domestic sales as well as exports.

Last month, the government announced an extension of the excise duty cut on automobiles for six more months. The announcement came as a breather for the car manufacturers as the concessions had lead to the revival of the industry after a long slump. Speaking about the government’s decision, Mr. Srivastava added, “With the extension of excise duty benefit, we hope to maintain the growth in volume while strengthening our product portfolio and improving channel efficiencies.”