Hyundai sells 58,785 cars in October 2012

Riding on the back of strong demand for the Eon and Elantra, Hyundai recorded a 21 per cent rise sales in October 2012. The country’s second largest car manufacturer delivered 58,785 cars in October 2012 as against 48,322 units in the year-ago period. Of these, domestic sales comprised 8 per cent, while exports grew by a whopping 50 per cent! Domestic sales in October 2012 were 35,778 units compared to 33,001 units in the same moth last year, while exports were 23,007 units (as against 15,321 units). 

Commenting on the October sales, Rakesh Srivastava, Vice President-Marketing and Sales, HMIL said, “The festivals brought in positive growth in domestic sales with resurgence in petrol variants. All models showed a growth especially with strong demand of Eon and Elantra. In the coming months the challenge would be to convert customer interest into sales as the general inflationary trend, high fuel prices and interest rates are still keeping the customer sentiment low.  Speaking about the growth in exports, Srivastava said, “We are witnessing good volumes in South Africa and Mexico along with many other countries. The i10 and i20 are being particularly well received in these countries.” 

The segment-wise cumulative sales for October 2012 are: A2 segment 50,146 Units (Eon, Santro, i10, i20); A3 Segment 7895 units (Accent and Verna); A4 Segment 668 units (Elantra) ; A5 segment 20 units (Sonata); SUV 56 units (Santa Fe).

Hyundai has also hiked prices of all its models by Rs 5,000 with effect from today citing rising input costs. At a time when car makers are rolling out festive season discounts, a price increase is likely to cause a dip in sales. Related: Hyundai hikes car prices by Rs 5,000