Hyundai's March sales down 8.4 percent
Automobile manufacturer Hyundai Motor India Tuesday reported an 8.4 percent fall in its total sales for March at 51,708 units from 56,437 units in the corresponding month of last year.
In a statement, the company said its domestic sales during the month under review grew by 3.4 percent and stood at 35,003 units -- up from 33,858 units sold in March 2013.
"Post the reduction of excise duty and with the strong performance in compact segment; Hyundai registered March sales growth of 3.4 percent over corresponding month indicating a build-up of positive momentum," said Rakesh Srivastava, senior vice president- sales and marketing, Hyundai Motor India.
The company's exports last month fell by 26 percent at 16,705 units -- down from 22,579 units being shipped-out during the corresponding month of last year.
(Posted on 01-04-2014)