Hyundai Motor India Ltd, the second largest car manufacturer in India and leading exporter of cars registered cumulative sales of 59,590 units for the month of July 2018. On the domestic front, Hyundai sold 43,481 units in July, registering 1.1% increase in sales as against 43,007 units retailed in the same period last year. Exports grew by 31% with 16,109 vehicles shipped to the overseas markets as compared to same period in the corresponding year with 12,308 vehicles exported. Hyundai India’s cumulative sales witnessed 7.7% growth with 59,590 unit sales over the same period last year when it sold 55,315.
Commenting on the July sales Mr. Y K Koo, MD & CEO - Hyundai Motor India Ltd. said, “Hyundai continues strong growth trajectory with cumulative volume of 59,590 units registering a growth of 7.7% on the strong performance ofGRAND i10, New ELITE i20, New 2018 CRETA and Next Gen VERNA. A positive growth trend is visible with the stabilization of macro-economic factors, good monsoons along with increase in customer confidence and sentiment towards new vehicle purchase.
Hyundai India is working on a couple of new models for the domestic market including its small car, codenamed AH2. It is expected to be launched during the festive season this year around mid-October and is likely to be named ‘Santro’ (though the company is yet to confirm). Interestingly, AH2 will be the first model from the Korean car giant in India to get an automated manual transmission. While engine options are still unknown, the upcoming hatchback is expected to use the 1.0-litre petrol engine and a five-speed manual gearbox as well. Touted to be an entry-level hatchback, the upcoming small car from Hyundai will go up against top-selling models including Maruti Suzuki Alto K10 and Renault Kwid in the segment.