The Telegraph
Since 1st March, 1999
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Sharp spurt in Hyundai sales

New Delhi, May 3 (PTI): Hyundai Motor India today said its car sales surged by 42 per cent in April this year to 10,681 units, following strong exports of the flagship car Santro.

The company has also raised prices of Santro by Rs 10,500-12,000 citing higher input costs.

Domestic sales grew by 26.5 per cent to 9,050 units while exports went up by over four times to 1,631 units. Sales of Santro rose by 45 per cent to 8,320 units during the month, a company release said.

The mid-size car Accent clocked a 43 per cent growth at 2,259 units but that of luxury sedan Sonata fell to 102 units from 209 units a year earlier.

Strong exports have increased Santro’s contribution to the company’s total sales to 15 per cent from 5 per cent in April 2002.

The ex-showroom Delhi prices of the L and LE variants of Santro have been raised by Rs 10,500 to Rs 2.95 lakh and Rs 3.29 lakh respectively. The LP and LS versions have been raised by Rs 11,001 to Rs 3.45 lakh and Rs 3.70 lakh respectively while that of the GS and Automatic variants have been increased by Rs 12,000 to Rs 3.92 lakh and Rs 4.30 lakh respectively.

Hyundai India executive director B. G. Lee said the rising demand of its cars in the domestic and exports markets has created some constraints on production.“We are working on increasing both our capacities and production targets and hope to resolve this situation soon,” he said.

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