Hyundai Motor is expected to enjoy record high sales in India this year thanks to the growing popularity of its new model Elite i20.
According to industry sources on November 17, Hyundai Motor sold 38,010 units in India in October 2014, up 5.6 percent from a year ago. This growth rate is the second highest in India behind Honda’s 18.1percent.
In a situation where the Indian car market contracted by 5.1 percent last month, only three carmakers —Hyundai Motor, Honda, and Maruti Suzuki— achieved positive growth.
In terms of market share, Hyundai Motor maintained its No. 2 spot with 17.3 percent, standing behind Maruti Suzuki which sold about 97,000 units last month.
The robust performance of Hyundai Motor is attributable to the rising popularity of its new car i20 which was released first in July. The sales of the i20 stood at 6,627 in August,8,902 in September and 8,895 in October.
Freshly brewed entertainment news in www.38today.com
