Hyundai's May sales down 11.8 percent

Automobile manufacturer Hyundai Motor India Thursday reported a fall of 11.8 percent in its total sales for April at 50,222 units from 56,953 units in the corresponding month of last year.

However, the company said its domestic sales during the month under review grew by 8.8 percent and stood at 35,248 units -- up from 32,403 units sold in the corresponding month of 2013.

The company's exports last month crashed by 39 percent at 14,974 units -- down from 24,550 units shipped out during the corresponding month of last year.

"Hyundai with a volume of 35,248 units has grown by 8.8 percent over last year which is in line with this year's objective of growth in volume and market share. Growth is led by sedan and utility vehicles across geographies, with new products Xcent, Grand and Santa Fe," said Rakesh Srivastava, senior vice president - sales and marketing, Hyundai Motor India.

"We foresee to maintain this positive momentum in this year by strengthening product portfolio and improving channel efficiencies."