India Ltd, the country's second largest car manufacturer and the largest passenger car exporter for the first time in many months saw domestic sales outpace the growth in the overseas market. While the cumulative sales grew at a healthy double digit growth rate of 10.8 per cent, domestic sales went up by 12.9 per cent and exports grew by 8.7 per cent.
HMIL's total sales for August, 2009 stood at 49,521 units against 44,710 units in August, 2008. The domestic sales accounted for 24,401 units as against 21,610 units in August 2008 while the overseas sales grew from 23,100 units last August to 25,120 units in August, 2009.
Commenting on August, 2009 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “Over the last two months we have registered steady growth figures and in August the domestic market sales have been strong. We are now entering the festival season phase and strong sales would help the Indian automotive industry to return to healthy growth. We do have a lot of expectations from the festival season and we expect it to be much better than the previous year.”
The segment-wise cumulative sales in the month of August, 2009 are as follows: A2 Segment (Santro, i10, Getz & i20) 45,495 units; A3 Segment (Accent & Verna) 3979 units; A5 Segment (Sonata Transform) 47 units; and SUV Segment (Tucson) 0 unit.