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Hyundai posts 14.1 percent sales growth in India
Wednesday, 04 October 2006, 19:30 IST
NEW DELHI: Hyundai Motor India Ltd (HMIL), the Indian unit of the South Korean auto major, posted a growth of 14.1 percent in domestic sales in September compared to the same month last year.
Hyundai's total sales last month was 26,492 car units - a growth of 11.5 percent as against that of September 2005.
In the overseas market the parent company has noted a growth of 7.5 percent.
HMIL is the largest exporter of passenger cars from India with exports of over 
18 billion.
Recently, with the launch of its sedan Verna, the company announced plans to set up a second plant in Chennai, which will produce 300,000 units per annum, raising HMIL's total production capacity to 600,000 per annum by 2007.
HMIL will also increase its dealer network from 162 to 200 this year, an indication of the growth of the company in India where car sales registered a 7.55 percent growth in the past year.
Indian passengers car market may triple to three million vehicles annually by 2015, according to the Society of Indian Automobile Manufacturers (SIAM).
Source: IANS
18 billion.
Recently, with the launch of its sedan Verna, the company announced plans to set up a second plant in Chennai, which will produce 300,000 units per annum, raising HMIL's total production capacity to 600,000 per annum by 2007.
HMIL will also increase its dealer network from 162 to 200 this year, an indication of the growth of the company in India where car sales registered a 7.55 percent growth in the past year.
Indian passengers car market may triple to three million vehicles annually by 2015, according to the Society of Indian Automobile Manufacturers (SIAM).
Source: IANS