Advertisement
Find a Car
Go!

Hyundai Sees Global Resurgence

Follow Anthony

With Hyundai’s recent, and successful, resurgence here in the U.S., it is no surprise that India’s second largest automaker, Hyundai India is predicting a 20 percent increase in domestic sales. Hyundai has began to reap the benefits of its turnaround with better reliability and a new emphasis on styling. Even with export sales down due to the end of the “cash-for-clunkers” program in Europe, Hyundai India is still optimistic about future sales.  

Rajiv Mitra, a company spokesman, said: “We expect domestic sales to total around 350,000 units this year, up from 290,000 last year.”  As India’s economy grew by 8.6 percent in the last quarter alone, thanks to the rising affluent middle class, many more consumers are heading to showrooms.

Just as Hyundai is set to release a slew of new vehicles here in the U.S., like the Sonata 2.0T and Equus, their new luxury model, Hyundai India is releasing their own new cars to compete in the growing small car segment domestically. The 20 percent increase in domestic sales is exceeding the overall market growth. Hyundai India is also introducing an ultra-cheap small car in 2012, hoping to grab a larger piece of growing car market in the years to come.  

[Best Car Buying Advice, AFP]

Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
 

Have an opinion? Join the conversation!

Advertisement
Advertisement
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Take Us With You!
   
Advertisement

 
© 2014 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by izmo, Inc. Send us feedback.
Advertisement