Santro Xings up Hyundai sales by 39% in June 2004

Santro Xings up Hyundai sales by 39% in June 2004

Author | exchange4media News Service | Thursday, Jul 08,2004 7:32 AM

Santro Xings up Hyundai sales by 39% in June 2004

Hyundai Motor India (HMIL) announced a 39 per cent surge in sales in June on the back of good numbers of the compact car Santro Xing.

Hyundai touched cumulative sales of 91,356 units for the first half of the year 2004, making for a 39 per cent growth year-on-year.

In June 2004, Hyundai Motor India recorded total sales of 17,889 units, of which 12,195 units were sold in the domestic market. Exports accounted for 5,694 units.

During the month, Santro Xing recorded a sale of 15,456 units, Accent recorded 1,602 units, Elantra stood at 701 units, while the Sonata registered sales of 85 units and the sale of SUV Terracan stood at 45 units.

HMIL continued to suffer production constraints during June primarily because of a reconfiguration of the existing production line as a part of the capacity expansion program.

Significant increases in automation in the weld lines and extension of the assembly line, along with an expansion of engine & transmission manufacturing facilities, will enable Hyundai to achieve an annual capacity of 250,000 units from end of August.

HMIL MD JI Kim said, “While Santro and Accent continue to be the preferred cars in their respective segments, production constraints have restricted sales.”

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