Hyundai is accelerating its growth in BRICs including Brazil, Russia, India and China, while suffering from stagnating sales in developed country markets such as the United States and Europe.
[ads id=”0″ style=”float:left;padding:9px;”]According to industry sources, Hyundai Motor sold 20,251 units in Brazil in September 2014, up 20.9 percent from a year ago, although the market’s overall sales fell 3.8 percent. For the January-September period, Hyundai Motor sold 169,149 units in the South American country, gaining a share of 7.0 percent. Hyundai Motor remained within top five in sales there.
In India, Hyundai Motor also enjoyed a 14.5-percent growth in September sales to 35,041 units, ranking No. 2 behind Maruti Suzuki. In Russia, Hyundai Motor performed relatively well, although it suffered a 10-percent decline in sales to 15,398 units last month.
This is the third best performance in Russia behind Lada and Renault. The Russian car market recorded a 20.1-percent negative growth last month, with major carmakers suffering from a double-digit decline.
