Hyundai Motor India sales dip 11.81 pct in April

Written by PTI | New Delhi | Updated: May 1 2014, 23:00pm hrs
Hyundai Motor India Ltd (HMIL) today reported 11.81 per cent decline in total sales at 50,222 units in April 2014.

It had sold 56,953 units in the same month last year.

In the domestic market, Hyundai sold 35,248 units last month, as compared to 32,403 units in April 2013, up 8.78 per cent, the company said in a statement.

During the month, Hyundai's exports declined 39 per cent to 14,974 units as against 24,550 units in the same month last year.

Commenting on the sales performance, HMIL Senior Vice-President (Sales and Marketing) Rakesh Srivastava said the domestic volume growth is in line with this year's objective of growth in volume and market share.

"Growth is led by sedan and utility vehicles across geographies, with new products Xcent, Grand and Santa Fe, adding volumes with an overwhelming response from customers," he added.

On the outlook, Srivastava said: "We foresee to maintain the positive momentum in this year by strengthening product portfolio and improving channel efficiencies."