Hyundai enjoys sales success in India

Is there no stopping Hyundai? The Korean manufacturer has already enjoyed significant growth across the UK and Europe and now it is celebrating similar success in the vital developing Indian market.Hyundai Motor India Ltd is the country’s second largest car manufacturer and the largest passenger car exporter. Through the month of October it continued its strong performance in the domestic market with sales of 28,301 units – although exports dipped by 11.9 per cent.Total sales for the month stood at 51,736 units against 46,596 units in October 2008, representing cumulative growth of 11 per cent. Sales in India shot up at a healthy 41.4 per cent.Commenting on the results, Arvind Saxena, the senior vice president of marketing and sales for Hyundai Motor India Ltd, is hopeful that the strong results will continue over the coming months.“The festive period of the last two months generated strong sales and has given the Indian automobile industry some respite from the sluggish performance of the last few months and now it looks that this period of strong sales would propel the industry into a positive double digit growth for the remainder of the year,” he said.“This might be the turning point the Indian automotive industry has been waiting for.”

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