Rays of recovery - Hyundai September sale crosses 50,000 units

The country's second largest car manufacturer Hyundai Motor India Ltd saw cumulative sales peak at a record 53,804 units in September 2009.

After months of slowdown the domestic market buoyed by the strong festive season sales recorded a high growth rate of 25% after months of fluctuating sales. The overseas sales grew at a modest 9% as the export market slowed down with the scrappage incentive coming to an end in most European markets.

As per report Hyundai Motor's total sales for September 2009 stood at 53,804 units against 46,218 units in September, 2008. The domestic sales accounted for 27,803 units as against 22,311 units in September, 2008 while the overseas sales grew from 23,907 units last September to 26,001 units in September 2009.

Mr Arvind Saxena senior VP marketing and sales of Honda Motors said that "The sales for the month of September were promising as we not only recorded the highest figures in our 11 years of operations but also this year the festive season has been encouraging as customers returned to the showroom. We hope that this will be the turning point for the automotive industry and if sales remain strong during the coming Diwali then we can look at double digit growth figures for the current year".

(Sourced from http://www.steelguru.com/news/index/2009/10/06/MTE0ODAx/Rays_of_recovery_-_Hyundai_September_sale_crosses_50%252C000_units.html)