Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Hyundai Motor India total sales rise 4% in January

Feb 01 2013, 13:44 IST
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In the A2 segment (Eon, Santro, i10 and i20), the company sold 45,297 units. (Reuters) In the A2 segment (Eon, Santro, i10 and i20), the company sold 45,297 units. (Reuters)
SummaryThe country's second-largest car maker Hyundai Motor India Ltd sold 52,024 units in January 2013.

The country's second-largest car maker Hyundai Motor India Ltd (HMIL) today reported 4.25 per cent rise in its total sales at 52,024 units in January 2013.

The company had sold 49,901 units in the corresponding month previous year, HMIL said in a statement.

In the domestic market, the company recorded an increase of 1.19 per cent in sales at 34,302 units compared to 33,900 units in the year-ago period.

Exports of the company also went up by 10.76 per cent to 17,722 units during the month under review from 16,001 units in the same period previous year, the statement said.

"The market was subdued on account of macro-economic factors. For Hyundai, the year has started on a positive note with growth in its domestic and export sales... Marketing initiatives in rural markets are bringing volume growth," HMIL Vice President (Sales and Marketing) Rakesh Srivastava said.

The change in price differential between petrol and diesel rates has increased interest in petrol cars, reflecting in the waiting period for models like Eon, and petrol variants of i20 and Verna, he added.

In the A2 segment (Eon, Santro, i10 and i20), the company sold 45,297 units, while sales in the A3 segment (Accent and Verna) stood at 6,164 units in January 2013.

The company sold 55 units of the sports utility vehicle Santa Fe during the month. Sales of luxury sedan Sonata stood at 20 units, while Elantra witnessed 488 purchases.

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