Kolkata: Hyundai Motor India has clocked a 2.3 percent rise in its domestic market share in the passenger car segment in the April-July period, 2014, a company official said Thursday.
Speaking at the launch of the premium compact car i20 Elite here today, 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 percent which rose by 2.3 percent to 23 percent between April and July, this year.
"In the last financial year, we had a market share of 20.7 percent. This year it went up by 2.3 percent to 23 percent 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 lakh and Rs 6.66 lakh and its diesel variants would retail between Rs 6.26 lakh and Rs 7.88 lakh (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 lakh and Rs 7.88 lakh (ex-showroom Kolkata).
