Hyundai domestic sales up 11pc

Hyundai Motor India Ltd has recorded a 10.9pc jump in domestic sales in a difficult market. Exports have climbed 69.8pc taking aggregate growth for the month to 28.1pc. HMIL’s domestic sales for the month were 35,000 units against 31,540 units in November last year; exports were 22,080 units against 13,000 units in the corresponding month last year. HMIL’s aggregate sales for the month were 57,080 units against 44,540 units in November 2010. Commenting on the November 2011 sales, Arvind Saxena, Director Marketing and Sales, HMIL said, “In a challenging market we have been able to grow volumes and market share on the strength of our new launches -- Verna and Eon. Our immediate outlook on the market is not too bright as interest rates and fuel prices are unlikely to soften in the foreseeable future.” The segment-wise cumulative sales for November 2011 are: A2 segment 48,732 units (Eon, Santro, i10, i20); A3 Segment 8,223 units (Accent and Verna); A5 segment 3 units (Sonata Transform); Santa Fe (SUV) 122 units.