In your XML file further down, you should have something similar to this:
<files>
<filename module="mod_modulename">mod_modulename.php</filename>
<filename>index.html</filename>
<folder>tmpl</folder>
</files>
Make sure you also include <folder>sql</folder>
.
As for you SQL code, try the following which is only using 1 insert command. It also tell it which ID to assign the values to which you forgot in your code:
CREATE TABLE IF NOT EXISTS `#__modulename` (
`id` int(10) NOT NULL AUTO_INCREMENT,
`hello` text NOT NULL,
`lang` varchar(25) NOT NULL,
PRIMARY KEY (`id`)
) ENGINE=MyISAM DEFAULT CHARSET=utf8 AUTO_INCREMENT=1;
INSERT INTO `#__modulename` (`id`, `hello`, `lang`) VALUES
(1, 'Hello World', 'en-GB'),
(2, 'Hola Mundo', 'es-ES'),
(3, 'Bonjour tout le monde', 'fr-FR');