Seoul, South Korea – Hyundai Motor Company took a five per cent market share globally for the first time in its history in 2009, with its sales rising 11.7 per cent over 2008 through sales of more than 3.1 million vehicles.

The company also gained a 23 per cent improvement in sales in Korea, although its sales revenues slipped by 1.0 per cent due to reduced export shipment from its Korean plants. Net profit increased by 104.5 per cent, helped by brisk sales in China and India, which posted gains of 93.6 per cent and 14.4 per cent respectively over 2008.

Hyundai also saw a rise in market share in the U.S. and European Union, and is now the fourth largest auto company in China, with sales of 570,300 units in 2009.

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