Hyundai India records 21 per cent growth

Hyundai Motor India Ltd (HMIL) recorded a 21 per cent growth in aggregate sales in October. Domestic sales grew by 8 per cent, exports witnessed a robust growth of 50 per cent, domestic sales in October were 35778 units (33,001 units), exports were 23,007 units
(15321 units) and aggregate sales were 58785 units (48,322 units).

"The festivals brought in positive growth in domestic sales with resurgence in petrol variants. All models showed a growth especially with strong demand of Eon and Elantra. In the coming months the challenge would be to convert customer interest into sales as the general inflationary trend, high fuel prices and interest rates are still keeping the customer sentiment low," said Rakesh Srivastava, Vice President- Marketing and Sales, HMI.

Speaking about the growth in exports, Srivastava said, "We are witnessing good volumes in South Africa and Mexico along with many other countries. The i10 and i20 are being particularly well received in these countries."

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