The country’s second-largest car-maker Hyundai Motor India today reported a 1.48 per cent decline in total sales to 49,667 units in July 2011.
The company sold 50,411 units in the corresponding year ago period, Hyundai Motor India Ltd (HMIL) said in a statement.
In the domestic market, the company’s sales decreased 11 per cent to 25,642 units from 28,811 units in same month last year, it added.
Exports of the company increased 11.23 per cent during the month under review to 24,025 units from 21,600 units in the year-ago period, the statement said.
“The July 2011 sales for both the industry and Hyundai Motor India Ltd had been negative. Though customer enquiries have increased, due to the increase in fuel price and interest rates, conversion rate has slowed down,” the HMIL Director (Marketing and Sales), Mr Arvind Saxena, said.
In the A2 segment (Santro, i10 and i20), the company sold 41,533 units, while in the A3 segment (Accent and Verna), sales stood at 7,980 units.
The A5 segment (Sonata Transform) of HMIL witnessed sales of 13 units, while its new SUV Santa Fe attracted 141 buyers during the month.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.