Hyundai sales down 1.42 per cent to 48,010 units

Hyundai Motor India Ltd (HMIL) on Friday reported a marginal decline of 1.42 per cent in total sales to 48,010 units in July. The company had sold 48,704 units in the same month of last year, it said in a statement.

In the domestic market, Hyundai sold 29,260 units in July as compared to 25,965 units in the same period last year, an increase of 12.69 per cent.

During the month, Hyundai's exports declined 17.54 per cent to 18,750 units as against 22,739 units in the same month last year.

HMIL Senior Vice-President (Sales and Marketing) Rakesh Srivastava said that Hyundai had a 13.3 per cent cumulative growth with high market share of 23 per cent in passenger cars.

"The demand pull created by the successful product launches and strong channel spread has brought down the discounts and the green shoots of growth are visible with the stabilization of macro-economic factors and near to average monsoons," he added.