Hyundai April sales dip 12% in April

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

Press Trust of India New Delhi
Last Updated : May 01 2014 | 3:28 PM IST
Hyundai Motor India Ltd (HMIL) today reported 11.81% 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%, the company said in a statement.

Also Read

During the month, Hyundai's exports declined 39% 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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 01 2014 | 12:54 PM IST

Next Story