Hyundai sales dip 8% to 50,518 units in June

Tags: Cars
Hyundai Motor India Ltd (HMIL) today reported a 7.6% dip in total sales at 50,518 units in June 2014.

The company had sold 54,665 units in the same month last year, it said in a statement.

In the domestic market, Hyundai sold 33,514 units last month as compared to 30,610 units in June 2013, up 9.5%.

During the month, Hyundai's exports declined by 29.3% to 17,004 units as against 24,055 units in the same period last year.

Commenting on the sales performance, HMIL Senior Vice President (Sales and Marketing) Rakesh Srivastava said the growth in the domestic sales has been due to the success of Xcent, Grand and Santa Fe.

"With the extension of excise duty benefit, we hope to maintain the growth in volume while strengthening our product portfolio and improving channel efficiencies," he added.

EDITORIAL OF THE DAY

  • Profit motive, not arbitrary pricing, should be guiding principle for the railways

    The freight hike for coal by the railways raises a serious question about the government’s penchant for price manipulation and administered pricing

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Susan Visvanathan

A world that is constantly at war

THE 19th century posed specific problems to theorists about how ...

Jemima Raman

Things one learns on a potter's wheel

As things go, watching a shape emerge from a blob ...

Shona Adhikari

Masterpieces on the auction block

A rather important auction of 20th century Indian art by ...