Hyundai sells 67,738 vehicles in China in April

May 12, 2009 (China Knowledge) - Hyundai Motor Co, South Korea's top automaker, said on Monday that its China sales, excluding imported cars, hit 67,738 units in total in April, and that its Chinese venture posted a robust growth in monthly sales, sources reported.

The South Korean automaker said that Beijing Hyundai Motor Co Ltd, a 50:50 joint venture with Beijing Automotive Industry Holdings, sold 50,217 units last month, up 74% year on year. Its Elantra and Accent brands hit 38,919 units in sales volume, once again exceeding Toyota Motor Corp's Carola brand.

The company attributed the robust growth in vehicle sales to the favorable policies for low-emission car purchases. Moreover, the company said the car specially-designed for Chinese customers is also seen as a key factor contributing to its sales boom.

The South Korean automaker earlier said its quarterly sales in China in the period from January to March jumped 49% to 109,072 units, hitting a new seven-year high.

Hyundai expects its China sales to grow by 36% to 400,000 units in 2009 as compared to a growth rate of 22% in 2008 as the country's auto market gets a boost from economic stimulus policies, said an executive. Imported cars are not included in the sales target, according to previous reports.
 
Sales of domestically made vehicles in China, the world's largest automobile market, increased 25% year on year to 1.15 million units in April, according to the China Association of Automobile Manufacturers (CAAM).