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Hyundai India reports profits in April

Hyundai Motor India Ltd (HMIL) on Thursday reported a 36.71% jump in domestic passenger car sales during April at 21,501 units, against 15,728 units in April of 2007.

The company's cumulative sales (including exports) during April were up 47.77 per cent at 40,001 units, compared to 27,069 units in the same month a year ago, Hyundai Motor India said in a statement. Its exports for the month accounted for 18,500 units, compared to 11,341 units during the same month previous year. HMIL sold 17,334 units of hatchbacks Santro, Getz and i10, 2,668 units of Accent and Verna, 3 units of the Elantra, 50 units of the Sonata Embera, and 9 units of its SUV during April.

"HMIL sales for April had been robust with a very healthy growth and we feel that the budget has been a contributory factor," company's Senior Vice-President (Marketing and Sales) Arvind Saxena said.

The 'i10' has done exceedingly well and it accounted for over 50,000 units in six months, he added.

[Source: The Hindu]


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