Hyundai Motor India records 18% domestic growth in October
Registers total sales of 26,110 units in the month of October.
Tweet-- Hyundai Motor India sold a total of 26,110 vehicles in the month of October, comprising 18,603 units in the domestic market and 7,507 units in the overseas market. The domestic sales in October’06 posted a growth of 18% over October’05.
HMIL, India’s second largest car
manufacturer and the largest exporter of passenger cars , has
maintained its leadership position by shipping out its 300,000th export
car in Chennai recently. HMIL achieved this milestone in a time span of
less than 7 years, beginning in December 1999, making HMIL not only the
largest exporter of passenger cars but also achieving this distinction
in the shortest time span.
The segment wise cumulative sales in
October 2006 are as following: 22,205 units in A2 segment, 3,720 units
in A3 segment, 69 units in A4 segment, 76 units in A5 segment and 40
units in SUV segment.
Notes to Editor
About HMIL
Hyundai Motor India Limited (HMIL) is a
wholly owned subsidiary of Hyundai Motor Company, South Korea and is
the second largest and the fastest growing car manufacturer in India.
HMIL presently markets 35 variants of passenger cars in six segments.
The Santro in the B segment, Getz in the B+ segment, the Accent and
Verna in the C segment, the Elantra in the D segment, the Sonata Embera
in the E segment and the Tucson in the SUV segment.
The company
recorded combined sales of 252,851 during calendar year 2005 with a
growth of 17.26% over year 2004. HMIL is India's fastest growing car
company having rolled-out 10,00,000 cars in just 90 months since its
inception and is the largest exporter of passenger cars with exports of
over Rs. 1,800 crores. HMIL has recorded a growth of 27.2% in exports
over the year 2004.
HMIL’s fully integrated state-of-the-art
manufacturing plant near Chennai boasts some of the most advanced
production, quality and testing capabilities in the country. In
continuation of its investment in providing the Indian customer global
technology, HMIL has announced plans for its second plant, which will
produce 300,000 units per annum, raising HMIL’s total production
capacity to 600,000 per annum by 2007.
HMIL is investing to
expand capacity in line with its positioning as HMC’s global export hub
for compact cars. Apart from expansion of production capacity, HMIL
plans to expand its dealer network, which will be increased from 162 to
200 this year. And with the company’s greater focus on the quality of
its after-sales service, HMIL’s service network will be expanded to
over 1,000 in 2006.
The year 2005 has been a significant year
for Hyundai Motor India. It achieved a significant milestone by rolling
out the fastest “200,000th” export car. HMIL exports to over 60
countries globally and made a foray into the highly competitive UK
market by exporting its first shipment of 820 cars.
HMIL has
many awards in its bouquet. Recently Sonata Embera won "Executive Car
of The Year 2006" award by Business Standard Motoring Magazine and
Tucson has been declared as "SUV of The Year " by NDTV Profit-Car &
Bike awards 2006.The mid-size sedan Accent won two awards, Accent
Petrol-No 1 Entry mid-size car and Accent Diesel-No 1 mid-size diesel
car by TNS. It was declared “The Star Company” amongst unlisted
companies by Business Standard this year. Getz got the coveted “Car of
the Year 2005” award twice over. It was declared a winner by both
Business Standard Motoring and CNBC-TV18 Autocar Auto awards. Hyundai
Elantra won the CNBC-TV18 Autocar “Best Value for Money” Car Award.
HMIL
was also the “Manufacturer of the Year” two years in a row in 2002 and
2003. ICICI Overdrive Awards declared Hyundai as the “Car Maker of the
Year” in 2003. Hyundai products with state of the art technology have
also been winning many accolades over the years. Santro bagged top
honours in JD Power Asia Pacific for three years. Accent was ranked No.
1 in J D Power Asia Pacific APEAL for two years and also got Business
Standard Motoring Jury award for its CRDi model.
HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices.
About HMC
Established
in 1967, Hyundai Motor Co. has grown into the Hyundai Kia Automotive
Group which includes Hyundai Mobis and over two dozen auto-related
subsidiaries and affiliates. Employing over 68,000 people worldwide,
Hyundai Motor posted US$27.383 billion in sales in 2005 (on a
non-consolidated basis). Hyundai motor vehicles are sold in 193
countries through some 5000 dealerships and showrooms. Hyundai Motor
Co. is a sponsor of the 2006 FIFA Germany World Cup.
Further
information about Hyundai Motor Co. and its products is available at www.hyundai-motor.com