Hyundai sales up by 3.5pc

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered aggregate sales of 54,354 units (52,521 units) in June, up 3.5pc from the corresponding month last year, domestic sales were 30,450 units (30.402 units) up 0.2pc and exports were 23,904 units (22,119 units) up 8.1pc. Commenting on the sales, Arvind Saxena, Director, Marketing and Sales, HMIL said, “The general inflationary trend, high fuel prices, interest rates that are still high are keeping sentiment low. Unless any triggers get activated, sentiment is not expected to improve very much.” Speaking about the growth in exports, Saxena said, “We are witnessing good volumes in South America and Africa. The Eon is being particularly well received in Africa and the i10 is strong in South America.” The segment-wise cumulative sales for June 2012 are: A2 segment 44,046 units (Eon, Santro, i10, i20); A3 Segment 10,182 units (Accent and Verna); A5 segment 39 units (Sonata); SUV 87 units (Santa Fe).