Hyundai’s domestic sales up 16 % in May

Hyundai’s domestic sales up 16 % in May

New Delhi: The country’s second largest carmaker, Hyundai Motor India, Tuesday reported an increase of 15.52 % in domestic sales for May at 27,151 units.

The company had sold 23,503 units in the domestic market in May 2009, Hyundai Motor India Ltd (HMIL) said in a statement.

Total sales in May increased 7.30 % to 46,808 units from 43,624 units in the same month last year.

HMIL, which is also the country’s largest car exporter, however, saw its exports slide by 2.31% in the month.

The company sold 19,657 units in overseas markets in May compared to 20,121 units in the year-ago period.

“Although the market continues to grow, we were constrained by our planned annual maintenance shutdown (at the Chennai plants) this month which restricted our numbers as we had to divert our export production to meet the demand for the domestic market," HMIL Director (Marketing and Sales) Arvind Saxena said.

He said the demand for the company’s i20 model has continued to grow by around 35 % monthly.

In the A2 segment (Santro, i10, i20 and Getz Prime), the company sold 42,460 units in May, while in the A3 segment (Accent and Verna) sales were at 4,310 units.

In the A4 segment (Elantra), the company sold one unit last month. The A5 segment (Sonata Transform) of HMIL witnessed sales of 37 units, while its SUV Tucson had no buyers in May.