Hyundai domestic sales slide 4% in May

Hyundai Motor India, the country's second largest car manufacturer, today posted a drop of 4 per cent in domestic sales in May at 23,503 units.

The India subsidiary of the Korean giant had reported sales of 24,510 units during the same month a year ago.

Exports of the company, however regained momentum after the European Union introduced incentives like the 'scrappage incentive' to induce sales.

As a result, exports grew by almost 28 per cent for the reporting month to touch 20,125 units as compared to 15,751 units exported during the same month in the previous year.

In all, the company witnessed a growth of 8 per cent in May with sales at 43,628 units as against 40,261 units reported in May last year.