Xcent and Grand i10 spearhead Hyundai's domestic sales in April

Hyundai Motor India Ltd (HMIL) registered the domestic sales of 35,248 units in April 2014, which is about 8.8% more than the units sold in corresponding month, last year. However, exports for the company have seen a huge dip of 39% at 14,974 units, as against 24,550 units exported in April 2013. Also, the cumulative sales dropped 11.8% at 50,222 units in April 2014.

Commenting on the April sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, "Hyundai with a volume of 35,248 units has grown by 8.8% over last year which is in line with this year's objective of growth in volume and market share."

For the rise in domestic sales, the company gives credit to new products including Xcent, Grand i10 and Santa Fe, which received overwhelming response from customers. "Growth is led by sedan and utility vehicles across geographies, with new products Xcent, Grand and Santa Fe, adding volumes with an overwhelming response from customers. We foresee to maintain this positive momentum in this year by strengthening product portfolio and improving channel efficiencies.", he added.