Hyundai's June domestic sales down 5.6%

Automobile major Hyundai Motor India on Saturday reported a 5.6 per cent decline in its domestic sales for June 2017.

According to the company, its domestic sales decreased to 37,562 units from 39,807 units off-take for the corresponding month of 2016.

However, the company's January-June sales edged up by 4.1 per cent to 253,428 units from 243,442 units.

"In a challenging market fuelled with speculations on the GST tax structure; Hyundai registered highest ever half year (H1: Jan -June 2017) domestic sales at 2,53,428 units with a growth of 4.1 per cent on account of strong acceptance of super performer brands Grand i10, Elite i20 and Creta in Pre-GST business environment," Rakesh Srivastava, Director - Sales and Marketing, HMIL said in a statement.

"We expect a positive demand pull post the successful implementation of GST in the coming months as industry will witness heightened level of customers' interest in a seamless unified single market."

--IANS

rv/bg