Despite challenging market conditions in the rural sector, Hyundai India claims it has been recording positive results in the domestic market but its exports declined in April 2015
India’s largest car exporter Hyundai Motor India Ltd (HMIL) registered an increase of 9.5 percent at 38,601 units in domestic market sales in April 2015, up from 35,248 units recorded in the same period a year ago.
HMIL, which also has the merit of being the country’s second largest car maker next only to Maruti Suzuki, witnessed decline in its overseas shipments for the month of April 2005.
The company’s exports fell by 13.8 percent to 12,904 units in April 2015 from 14,974 units shipped to its overseas markets in the same period a year ago.
However its overall April 2015 sales surged by 2.6 percent to 51,505 units from 50,222 units.
In a statement, Rakesh Srivastava, Senior VP– Sales and Marketing, HMIL, said, “Hyundai continued its growth momentum with a volume of 38,601 units with 9.5 percent increase over the previous year on the back of strong and latest product portfolio led by 12,425 units of Elite i20 and i20 Active in a challenging market conditions.”
HMIL, which is a 100 percent owned subsidiary of South Korean car giant Hyundai Motor Company, currently has nine car models for the Indian market across segments including Xcent, Elantra, Eon, i10, Grand i10, Elite i20, Active i20, Verna and Santa Fe.
The company’s manufacturing facility is located in Chennai, which is known as South India’s auto hub.
The cars manufactured in Hyundai’s Chennai facility has been shipped to more than 85 countries across the world including to the regions like Africa, Middle East, Asia Pacific, Latin America and Australia. Hyndai has been maintaining its position as the top car exporter of the country for the past 10 years consecutively.
The South Korean car company has wide sales network across India with 420 dealerships while its customers are supported by around1, 100 service points. The company also has its state-of-the-art Research and Development Centre in Hyderabad.