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Hyundai Motor India's November sales down by one percent

IANS  |  New Delhi 

Automobile major Motor on Friday reported a marginal decline of around one percent in its overall sales including for November.

The company did not divulge any reason for the fall in November sales. However, several other automobile manufacturers have blamed the government's demonetisation drive as the reason for the monthly sales downturn.

According to the automobile major, domestic sales during the month under review receded by 8.32 per cent to 40,016 units from an off-take of 43,651 units in the corresponding period of 2015.

Nevertheless, the company's rose by 21.90 per cent to 17,077 units from 14,008 units shipped off abroad during November 2015. Motor is the country's largest passenger car exporter.

"in January-November 2016 registered a volume of 604,891 units with a cumulative growth of 4.4 per cent over last year," the company said in a statement.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 02 2016. 15:30 IST