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Marginal Sales Growth in June 2013 for Hyundai India

Snapshot: Hyundai car manufacturing unit in India has shown some improvement in sale of their cars in India during the month of June

The year 2013 is not good for the Indian economy, the economy is very sluggish and there is no sign of recovery so far. The economic experts say that the recovery depends on introducing reform package which opens up the various sectors to the foreign investment but so far the present government is unable to introduce the legislation with reform packages. The promised foreign investment has not materialised yet. In this dismal scenario it is heartening to note that though car industry is undergoing an extremely very trying time but ‘Hyundai’ car manufacturing unit in India has shown some improvement in sale of their cars in India during the month of June. The company reported that the sale figure for Hyundai cars was ‘30,610’. In year 2012 ‘Hyundai Motors India’ sold ‘30,450’ units.

There was minimal growth in the export figure as well. In June 2012 Hyundai sold ‘23,904 ‘ units while this year for the same month Hyundai sold ‘24,057 ‘. The overall percentage in sales figure is ‘0.57’. Taking into account the dismal condition of economy in the country, the rising prices of fuel and trying time faced by the car industry this sales growth is indeed very remarkable. A senior executive from the company said this is due to the fact that the Hyundai not only has a very remarkable product line but it also has a strategy which focuses on having good relations with customers.

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