SEOUL, KOREA - Hyundai Motor isaccelerating its growth in BRICs including Brazil, Russia, India and China,while suffering from stagnating sales in developed country markets such as the UnitedStates and Europe.
According to industrysources, Hyundai Motor sold 20,251 units in Brazil in September 2014, up 20.9percent from a year ago, although the market’s overall sales fell 3.8percent.For the January-September period, Hyundai Motor sold 169,149 units inthe South American country, gaining a share of 7.0 percent. Hyundai Motorremained within top five in sales there.
In India, Hyundai Motoralso enjoyed a 14.5-percent growth in September sales to 35,041 units, rankingNo. 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 bestperformance in Russia behind Lada and Renault. The Russian car market recordeda 20.1-percent negative growth last month, with major carmakers suffering from adouble-digit decline.