Hyundai sales dip by 9 per cent in May

New Delhi: Hyundai Motor India Ltd (HMIL) reported 9 per cent decline in total sales to 51,718 units in May 2014. The company had sold 56,856 units in May 2014, it said in a statement. In the domestic market, Hyundai sold 36,205 units in May 2014, as compared to 32,102 units in May 2013, up 12.8 per cent.

During May 2014, Hyundai's exports declined 37.3 per cent to 15,513 units as against 24,754 units in May 2013. 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 per cent 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," concluded Rakesh Srivastava.