Companies

Hyundai Motor Feb sales down 5%

| | Updated on: Mar 01, 2011

The country’s second largest car manufacturer Hyundai Motor India has reported a 4.77 per cent decline in total sales to 52,007 units in February 2011 against 54,610 units in the same period a year ago.

In the domestic market, sales increased by 5.25 per cent to 32,629 units from 31,001 units. Exports fell by 17.92 per cent from 23,609 units to 19,378 units, Hyundai Motor India (HMIL) said in a statement.

“While the industry growth spurred by new products might be unusually high, Hyundai recorded positive growth supported by steady sales of its compact cars. We expect the average industry growth rate to stabilise in the future months,” the company Director (Marketing and Sales), Mr Arvind Saxena, said.

In the A2 segment (Santro, i10 and i20), the company sold 47,167 units, while in the A3 segment (Accent and Verna) sales amounted to 4,685 units.

In the A5 segment (Sonata Transform), the sales stood at 29 units, while its new Santa Fe SUV attracted 126 buyers during the month.

Published on March 01, 2011

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