The year 2010 was a good one for Hyundai Motors India Limited. The Korean company, currently the second largest manufacturer in the Indian market and the largest exporter, has registered their highest ever sales in the Indian soil. While sales figure for December 2009 hovered around the 47 thousand mark, that of December 2011 saw the figure rise by a 1000 odd cars. Currently the company has a share of 28% in the Indian market.
Hyundai Motors India Limited also launched many of their cars in the past one year. Those include the refreshed Hyundai Verna, Hyundai I10, variants of the Hyundai I20 and most importantly, the Hyundai Santa Fe. The company is elated with the response received for the Hyundai Santa Fe so much that just like the Toyota Fortuner, the company is contemplating holding on the bookings as of now. Speaking on the ocassion regarding the performance of the company, its Sales and Marketing Director, Mr Arvind Saxena quoted that all their products have been received well by the Indian public and inspite of the recession along with other factors, the company still recorded a profit and healthy growth rate. He also said that the company would also dominate 2011 as regards the sales quotient and would look to upset Maruti’s position as the number 1 car manufacturer in India.
In the same vein, Hyundai’s exports have come down by 8.5%. This can be attributed to the fact that many of the cars now been exported are already been replaced by new products from the Hyundai stables.