Hyundai Motor India total sales up 5% in Feb

Exports up by 37%, domestic sales down 7.6%; says increase in fuel prices impacted sales

The country's second-largest car maker Hyundai Motor India Ltd (HMIL) today reported a 5.42% rise in its total sales at 54,665 units in February 2013.

The company had sold 51,855 units in the corresponding month previous year, HMIL said in a statement.

In the domestic market, the company recorded a decline of 7.62% in sales at 34,002 units compared to 36,805 units in the year-ago period, it added.

Exports of the company went up by 37.30% to 20,663 units during the month under review from 15,050 units in the same period previous year, the statement said.

"The market was suppressed as there was drop in enquiries with lower rates of conversions to purchase. The increase in fuel prices negatively impacted the already low market sentiments," HMIL Vice President (Sales and Marketing) Rakesh Srivastava said.

The company expects the challenge to continue in the next quarter until there is a significant change in macro-economic conditions, he added.

In the A2 segment (Eon, Santro, i10 and i20), the company sold 46,387 units, while sales in the A3 segment (Accent and Verna) stood at 7,722 units in February 2013.

The company sold 66 units of the sports utility vehicle Santa Fe during the month. Sales of luxury sedan Sonata stood at 20 units, while Elantra witnessed 470 purchases.