India's second largest car manufacturer Hyundai Motor India Ltd. Monday said it closed last month with 10.9 percent sales fall as compared to sales logged in November 2012.
In a statement issued, the company said it sold 49,681 units (domestic 33,501 units, exports 16,180 units) last month, down from 55,762 units (domestic 34,751 units, exports 21,011 units) logged in November 2012.
"After the festival season market has been sluggish due to unfavourable macro-economic factors and the low market sentiments resulting lower customer enquiries," Rakesh Srivastava, Hyundai senior vice president, sales and marketing, was quoted as saying in the statement.
According to him, the company sold 11,007 units of its new model Grand last month.
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