Hyundai domestic sales up 3.4 percent

May 1st, 2009 - 2:51 pm ICT by IANS  

New Delhi, May 1 (IANS) Hyundai Motor India, the second largest car manufacturer in the country, recorded a 3.4 percent growth in its domestic sales for April 2009 at 22,247 units against 21,510 sold the same month last year.
“As compared to last year we saw a modest growth in April. However, we still feel that the market is far from a complete turnaround and it will be a while before we see healthy double digit growth,” Hyundai’s senior vice president of marketing Arvind Saxena said in a statement.

However, the company, which is also India’s largest automobile exporter, posted a healthy 19.6 percent increase in its export sales - 33,247 units sold last month as compared to 18,499 sold in April 2008.

The cumulative growth in sales - domestic and exports combined - during the month was 10.9 percent.

Related Stories

Tags: , , , , , , , , , , , , , ,

Posted in Business |

Subscribe