Hyundai expects better sales in 2014 on back of new launches

Riding on its new models such as compact sedan Xcent and sports utility vehicle Santa Fe, Hyundai Motor India expects to post better sales this year as the auto industry looks for a turnaround in fortune.

"The good news is that industry is expected to grow in single digit in this calender year and the company would do better than the industry," Hyundai Motor India Ltd (HMIL) Senior Vice President, Sales & Marketing, Rakesh Srivastava told PTI.

He said the company has been receiving good response for models like Grand, Santa Fe and Xcent, which would help it in increase market share.

"Last year, our market share stood at 20.7 per cent. We believe we will further increase our market share. We will do better than the industry," Srivastava said.

HMIL is the second largest player after Maruti Suzuki India in the car and sports utility vehicles segment.

Last year, the company sold a total of 3,80,002 units in the domestic market.

Commenting on the company's latest model Xcent, Srivastava said: "Since March, when the prices of the car were disclosed, we have received more than one lakh enquiries, 40,000 test drive requests and around 11,000 bookings for the car."

On an average, the company is getting around 450 bookings for the car per day, he added.

"Around 52 per cent of the bookings are for the petrol version while the rest 48 per cent are for the diesel variants of the car," he added.

When asked about the waiting period for the model currently, Srivastava said: "Higher variants of the car have a waiting period of 60 days while the lower variants have a waiting period of 45 days".

Models like Xcent, Santa Fe and Grand i10 have all been well received since their respective launches and all have waiting periods currently, he added.

Car sales in India had declined for the second successive fiscal in 2013-14 with a dip of 4.65 per cent at 17,86,899 units as compared to 18,74,055 units in 2012-13 fiscal.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sex education in schools can help bring do​wn juvenile crime

    Whatever the health minister’s views on banning “vulgar” sex education in schools, given the backdrop of the Bangalore child rape, and the count

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Why cleanliness is a vital human right

I have spent the past few months in India witnessing ...

Parvez Imam

Tourism agenda with a colonial undertone

Tourism is supposed to bring in foreign exchange and provide ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture