Hyundai Motors India Ltd. (HMIL) announced the success of their premium hatchback, the Elite i20. The company has sold over 1,50,000 vehicles since its launch in March 2014. In the fifteen months since its launch, the Elite i20 managed to bag 66 percent market share in the premium compact hatchback segment in India.
Commenting on the strong sales performance, Rakesh Srivastava, Sr. Vice President, Sales & Marketing, HMIL said, “We are overwhelmed with the customer’s response by receiving unprecedented 1,50,000 domestic sales for the Elite i20. This reflects the strong customer connect and confidence on Hyundai products. We thank customers, channel partner, employees and media who have chosen our product Elite i20 making it as a super performer brand in India and who have contributed to this landmark achievement.”
Hyundai also announced their achievement of four million vehicles sold in the Indian market. The Hyundai journey began 19 years ago with the launch of the Santro and since then the company has never looked back.
Commenting on this achievement, YK Koo, MD, HMIL said, “Hyundai today is a 10 product strong brand with class-leading products from the Eon to Santa Fe. Hyundai has since inception focussed on make in India products, made for the world. Hyundai the largest exporter and the largest premium car manufacturer in India catering to the growing needs and demands of the aspirational Indian customer. Hyundai has witnessed success as the fastest growing sales milestone and we assure our commitment to the Indian car market.”
