Hyundai Motors manages positive domestic growth
The Korean auto major may have been facing a rising threat to its no. 2 position in the Indian market by products like the Tata nano but the company is making its best attempt to hold on to the coveted crown.
In the month of August 2010, the company has been able to sell close to 28,601 units which is around 17.2% up as compared to the 24,401 units sold by the company in the corresponding period last year.
However, the company has not been able manage the level of growth in the exports segment.
Rather, the company has filed a 12% decline in the unit sales for the month of August as it exported close to 22,035 units in the last month, which was very less as compared to the 25,120 units exported by the company in the same period last year.
Arvind Saxena, Director- Sales & Marketing, Hyundai Motors India Limited said that the company has been able to meet the high demand of the consumer in the domestic market but as it has constraints in some components supply, the company is changing its production mix to make sure that it does not takes the beating.
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