Hyundai sales dip 9% in May, exports decline

Tags: Hyundai, Cars
Hyundai Motor India Ltd (HMIL) today reported 9% decline in total sales to 51,718 units in May 2014.

The company had sold 56,856 units in the same month last year, it said in a statement.

In the domestic market, Hyundai sold 36,205 units last month as compared to 32,102 units in May 2013, up 12.8%.

During the month, Hyundai's exports declined 37.3% to 15,513 units as against 24,754 units in the same month last year.

Commenting on the sales performance, HMIL Senior Vice-President (Sales and Marketing) Rakesh Srivastava said Hyundai, with a volume of 36,205 units, has grown by 12.8% over last year which is in line with this year's objective to grow in market share and volume.

"The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum. We foresee to maintain this positive trend by strengthening our product portfolio and improving channel efficiencies," he added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

New model for effective education

After interacting with students and teaching community on a ...

Rajgopal Nidamboor

Let the spirit of sport pervade everyday life

Sport, like meditation, is nothing short of a spiritual act. ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture