Hyundai Motors sells 2.18 million vehicles from January - June 2012: Sales revenue improves by 9.9%

Despite sluggish markets all across Europe and China, South Korean auto major Hyundai Motors has posted a 10% rise in quarterly net profits. Hyundai, the fifth largest auto company in the world along with Kia Motors has reported a ? 2.55 trillion net profit for the second quarter of 2012. This is up from ? 2.31 net profit in the same period a year ago and a ?2.45 in first quarter of current year. This is the company's 13th straight quarter of rising profits notwithstanding current economic scenario across the auto sector.

Hyundai continues in its endeavor to offer stylish, affordable and high performance vehicles in US and European markets and it is this that has helped the company reach its targets along with assistance of a weaker won as against the dollar this year and the new South Korean free trade deal with Europe.

Despite a positive second quarter, the third quarter of 2012 has not opened on a positive note. Hyundai posted a smaller than expected 13% fall in quarterly operating profit both where cars and commercial trucks were concerned. This situation is not likely to improve in the near future either due to uncertainties in nearly all auto markets across the globe.

Hyundai Motors announces ICC World Twenty20 Trophy Tour – Metros focus on cricket and Hyundai vehicles

s this year's official partners to ICC World Twenty20, Hyundai Motor India Limited, India's second largest auto manufacturers have announced a 'Trophy Tour'. This Trophy will be on display at all Hyundai showrooms starting from New Delhi and NCR after which it will make its way to Hyundai showrooms in Mumbai and Chennai.

Besides showcasing the Twenty20 Trophy, Hyundai Motors India Limited will also be conducting various programs to involve consumers and get set for the upcoming ICC Twenty20 World Cup and build up the excitement for one of the major cricketing events in a country where cricket plays a major role. The Twenty20Trophy will be transported to the various venues in a special Hyundai car – Fans of Brilliance. Fans can visit these showrooms to get a firsthand account of the trophy and participate in the various events being conducted by the company giving them a perfect chance to put focus on Hyundai vehicles.

Fans can visit any of the three locations where the Trophy is to be put on display, can follow the events on Facebook and Twitter and look forward to the final events to be held in September/October this year.

Hyundai Motors announces appointment of Rakesh Srivastava in place of outgoing Arvind Saxena

Following the resignation of Arvind Saxena – Director Marketing & Sales at Hyundai Motors India Limited, the company has appointed Mr. Rakesh Srivastava in his place. Srivastava, who till date held the position of Vice- President - National Sales at Hyundai Motor India Ltd, will now take over from Saxena with effect from 27th July, 2012, overseeing both sales and marketing departments at HMIL

Saxena served the company for a period of seven years and moves on to explore other opportunities. Talks have pointed at him joining Volkswagen where he will be in charge of their Indian operations. Srivastava on the other hand joined Hyundai Motors in April 2012 fromMaruti Suzuki India Limited. He is an IIM-A alumni and has over 24 years of experience in companies such as Goodlass Nerolac Paints, CTG Industries besides vast knowledge of the auto industry. Though Saxena is slated to join Volkswagen India, no confirmation has been received from the company.

Volkswagen sales have taken a dip during the month of June 2012. The company sold 5371 units in June 2012 as compared to 5397 units in the same month in previous year. Hyundai Eon, Santro and i10 and i20 are among their major sellers the company reported a 3.49% increase in sales during the month of June 2012 during which they sold 54,354 units over the same month in the previous year. And while there's newness at management level, the auto market here eagerly awaits the Hyundai elantra india price.