Hyundai India to wrap up 2015 on a roaring note as carmaker set to break records

2015 has, indeed, been a good year for Hyundai India as it is going to set a new record owing to strong demand of its vehicles.

Hyundai India will be exceeding its 2015 target and is likely to sell 4.76 lakh vehicles this year.

It is also likely that Hyundai India will complete the export target of 1.67 lakh units, which means the company would have used 98 per cent of its capacity, the highest among Indian car makers.

Rakesh Srivastava, senior vice president, sales and marketing at Hyundai Motor India, told ET, “It has been a good year for Hyundai Motor India as we have added incremental sales of 50,000 units. Strong demand for Creta, which has already seen a booking over 75,000 units, and sustained demand for Elite have been the key driving forces for 2015.”

India is a booming market for Hyundai as sales are declining in China, Brazil and Russia. Hyundai's sales in China, its largest market, fell 6.9 per cent at the end of November to 9.34 lakh units due to a slowing economy and a change in consumer preferences towards crossovers from sedans, Bloomberg reported earlier this month.

(Image: Indiatimes)