Sales Report: Hyundai Motors India touches 600,000 units in 2010

Country`s second largest car maker Hyundai motors India Ltd. clocked the highest ever sales in the year ending December 2010. The domestic sales figure grew by whooping 23.1% and despite being the largest passenger car exporter of the country the company`s export declined by 8.5 %. The cumulative growth of the year ending December 2010 was 7.8 % up. The company saw the sales of more than 600,000 units, which is a new milestone for the company.

If we look into the statistics of december, HMIL sold 47228 units in 2010 whereas 47,217 units in 2009. While the cumulative growth was almost same, the domestic sales increased by 17.6% over 2009 and registered 26,168 units as compared to 22,252 units for 2009. Exports dipped by 15.6% to 21,060 units in 2010 against 24,965 units in 2009.

The total sales in the year 2010 was 603,819 units as against 559,880 units of 2009, registering 7.8 % increase in total sales. Company sold 356,717 units in 2010 as against 289,863 in the year 2009 in India, resulting in 23.1 % raise in domestic sales. The overseas sales saw 247,102 units in 2010 as against 270,017 units in 2009 resulting in decline by 8.5%.

A2 segemnt cars(Santro, i10 & i20) accounted for sales of 42,397 units whereas A3 segment cars(Accent and Verna) accounted for 4708 units, A5 Segment (Sonata Transform) accounted for only 21 units; and SUV Segment (Santa Fe) 102 units.

On this occasion, Arvind Saxena, Director – Marketing and Sales, HMIL said

The year 2010 has been positive for the industry and HMIL. For the first time since inception HMIL clocked record cumulative sales of over 600,000 units and new products like the Santa Fe as well as upgrades like the ‘Next Gen’ i10 have been very well received by the market and we continue to be a strong player in the domestic market. We expect the market to continue to grow in 2011 although the rate of growth may come down somewhat.

HMIL is only the second company to achieve the 600,000 milestone. It was also the first to achieve the 200,000 mark in Nov 2009 in passenger car Segement.

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