Hyundai Motor clocks rise in domestic market share

Hyundai Motor India has clocked a 2.3 per cent rise in its domestic market share in the passenger car segment in the April-July period, 2014, a company official said.

Speaking at the launch of the premium compact car i20 Elite on Thursday, the company's senior Vice-President & Division Head Marketing & Sales Division, Rakesh Srivastava, said the market share in the last financial year was 20.7 per cent which rose by 2.3 per cent to 23 per cent between April and July, this year.

"In the last financial year, we had a market share of 20.7 per cent."

"This year it went up by 2.3 per cent to 23 per cent in the April-July period," Srivastava said. Launching the i20 Elite, Srivastava said Hyundai was aiming to increase the volume and sustain the growth that it has achieved recently.

"We remain committed to the domestic market. This Elite i20 would help further enhance our market share in the country," Srivastava said.

The petrol versions of the car are priced between Rs 5,05,000 and Rs 6,66,000 and its diesel variants would retail between Rs 6,26,000 and Rs 7,88,000 (ex-showroom Kolkata).

The second generation i20 Elite, which would compete with Maruti Suzuki's Swift and Volkswagen Polo, is priced between Rs 5,05,000 and Rs 7,88,000 (ex-showroom Kolkata).