Hyundai Motors India 9.6% domestic sales decline in December 2012.

India's largest passenger car exporters, Hyundai Motor wholly owned subsidiary of Hyundai Motor Company has seen a 4.7% increase in domestic sales during the period January to December 2012. Taking exports into account, the company registered a 3.1% increase in sales while cumulative sales increased 4.1% during the same period.

Total sales during the January to December period stood at 641,281 units while domestic sales during December 2012 stood at 26,697 units, as compared to just 29,516 units in December 2011. Exports during December 2012 totaled 21,136 as against 19,534 of December 2011.

These results were notable considering the insecure market conditions which prevailed over the auto sector during the past year. The company launched refreshed i20, Sonata and Elantra consolidating company leadership position in India while the company concentrated on sales in rural markets, corporate sales and introduced attractive exchange schemes.

HMIL domestic sales during the entire calendar year (CY) stood at 391,276 units, an increase of 4.7% over 373,709 units sold in the same period of the previous year.

Cumulative sales during the 2012 CY stood at 641,281 units up 45.1% as compared to 616,140 units of the previous CY while exports were at 250,000 units as compared to 242,431 units of the previous year.

Source : rushlane.com