Hyundai sales up 2% in May, exports dip 15%

Hyundai Motor India today reported a 2.04% increase in its total sales in May at 47,766 units.

The company had sold 46,808 units in the year-ago period, Hyundai Motor India Ltd (HMIL) said in a statement.

In the domestic market, the company's sales increased 14.62% to 31,123 units from 27,151 units in same month last year, it added.

Exports of the company were down 15.33% to 16,643 units in May from 19,657 units in the year-ago period, the statement said.

Commenting on May, 2011 sales, HMIL Director - Marketing and Sales said: "The market has slowed down considerably after the first quarter of the year because of increasing interest rates and rising fuel prices among other factors."

He, however, said the company's latest model Fluidic Verna had received over 12,000 bookings.

In its A2 segment (Santro, i10 and i20), the company sold 40,520 units, while in the A3 segment (Accent and Verna) sales were at 7,110 units.

The A5 segment (Sonata Transform) of HMIL witnessed sales of 14 units, while that of its new SUV Santa Fe stood at 122 units during the month.