Hyundai Motor India Ltd, country’s second largest car manufacturer has registered a growth of about 5.9% in the domestic sales for the month of August 2012. The domestic sales were reported at 28,257 cars which was higher than 26,677 cars that it sold last year during the same period.
Talking about the sales Vice President, National sales, Hyundai Motor India Ltd, Mr. Rakesh Srivastava said that the market is still on the sluggish mode but still Hyundai has managed to get its cut mainly due the increase in the demand of diesel vehicles and consumer directed promotions. The launch of Neo Elantra has also strengthened its foothold in the premium segment. However, the general market demand is still down due to the general inflationary trends, high fuel prices and interest rates. Until any major decision comes the market sentiment will not grow up.
Hyundia Motor India Ltd has seen a considerable growth of about 5.9% in domestic sales by selling about 28,257 vehicles when compared to the 26,677 vehicles sold in the August 2011. Although the export has gone down by -23.4% with 18,623 compared to 24,335 last year.