Hyundai sales dip 9% in May, exports decline

Domestic sales up 13% to 36,205 units

Press Trust of India New Delhi
Last Updated : Jun 02 2014 | 11:37 AM IST
Hyundai Motor India Ltd (HMIL) today reported 9% decline in total sales to 51,718 units in May 2014.

The company had sold 56,856 units in the same month last year, it said in a statement.

In the domestic market, Hyundai sold 36,205 units last month as compared to 32,102 units in May 2013, up 12.8%.

Also Read

During the month, Hyundai's exports declined 37.3% to 15,513 units as against 24,754 units in the same month last year.

Commenting on the sales performance, HMIL Senior Vice-President (Sales and Marketing) Rakesh Srivastava said Hyundai, with a volume of 36,205 units, has grown by 12.8% over last year which is in line with this year's objective to grow in market share and volume.

"The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum. We foresee to maintain this positive trend by strengthening our product portfolio and improving channel efficiencies," he added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 02 2014 | 11:22 AM IST

Next Story