INDIA: October Hyundai sales soar - report

By just-auto.com editorial team | 4 November 2003

Sales at Hyundai Motor India, the country's second biggest car maker, jumped 27.4%in October from a year ago to 13,297 vehicles helped by rising domestic demand, the company said in a statement on Monday, according to Reuters.

The wholly-owned subsidiary of South Korea's Hyundai Motor reportedly said domestic sales rose 22.5% to 11,334 vehicles from 9,250, while exports grew 65.4% to 1,963 units from 1,187 in October, 2002.

According to Reuters, Hyundai India said October sales of the Santro [Atos] compact car jumped 28.8% from a year ago to 10,618 units, sales of the Accent sedan rose 24.6% to 2,548 units while those of the Sonata family car fell by 33 units to 117.

It sold only 14 Terracan sports utility vehicles, which it imports fully built from South Korea, but said it had an order backlog of around 100, the report added.

Reuters said Hyundai, which has been in India since October 1998, makes the Santro hatchback, the Accent and Sonata sedans at its $US700 million car plant on the outskirts of Madras and is using India as an export hub for small cars.

Its main competitors in the Indian market include top-ranked Maruti Udyog Ltd., a unit of Japan's Suzuki Motor Corp., local firm Tata Motors Ltd. and Fiat's Indian subsidiary, Reuters added.