Hyundai's domestic sales jump 19 pc in June
The country's second largest carmaker Hyundai Motor India on Thursday reported a jump of 18.90 per cent in its June 2010 domestic sales at 27,366 units.autos Updated: Jul 01, 2010 18:52 IST
The country's second largest carmaker Hyundai Motor India on Thursday reported a jump of 18.90 per cent in its June 2010 domestic sales at 27,366 units.
The company had sold 23,016 units in the domestic market in June 2009, Hyundai Motor India Ltd (HMIL) said in a statement.
The company's total sales, however, declined by 2.14 per cent at 46,254 units last month as against 47,266 units in the year-ago period.
Exports of the company also fell by 22.11 per cent to 18,888 units from 24,250 units in the year-ago period, the statement said.
"The domestic market continues to show a steady growth, but the exports have slowed down especially in the EU countries in the absence of any fresh incentives from the respective governments there," HMIL Director (Marketing and Sales) Arvind Saxena said.
The company expects the domestic market to grow in double digits in the second half of this year, he added.
During 2009-10, the European nations were the major destinations for the Indian auto industry's passenger car exports, which registered robust growth led by HMIL and Maruti Suzuki India.
The growth was fueled by a scrappage scheme rolled out by many European nations during last fiscal to boost small car sales. Under the scheme, various governments had offered incentives to buy new cars in exchange of old ones.
In June, HMIL sold 42,099 units in the A2 segment (Santro, i10, i20 and Getz Prime), while in the A3 segment (Accent and Verna) sales were at 4,137 units.
The A5 segment (Sonata Transform) of HMIL witnessed sales of 18 units, while SUV Tucson got no buyer during the month.