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Hyundai i20 Helps HMIL Register 9.7% Growth in Domestic Sales - February 2015

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Hyundai Motor India Ltd (HMIL), the country's second largest carmaker, registered a 2.4 per cent year-on-year rise in February 2015. As against February 2014's 46505 (Domestic + Exports), Hyundai managed to sell a total of 47,612 units in February 2015. The new Hyundai i20, once again, topped Hyundai's sales chart at 10,264 units.

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The company inform that it recorded an impressive 9.7 per cent growth in domestic sales at 37,305 units, whereas the exports saw a 17.5 per cent fall at 10,307 units.

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Commenting on the February sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, "Hyundai volumes of 37,305 units registered a growth of 9.7% over last year on the strength of strong performance of Elite i20 with 10,264 units. The growth in additional & repeat buyers is higher than that of first time buyers. Reduction in interest rates could bring in the thrust to break the threshold of low growth & initiate the double digit growth".

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