Hyundai’s August Sales Slump 8% To 48,111 Units

India’s second largest automobile manufacturer Hyundai Motor India reported 8% decline in total sales at 48,111 units in August 2014. Last year, the company had sold 52,319 units in the same month last.

The total sales dropped because of the huge dip in Hyundai’s exports, which fell drastically by 40.2% to 14,361 units as compared to 24,008 units in the same period last year.

However, the company continued to do well on the domestic sales front. As per the statement issued by the company, Hyundai’s domestic sales during the month under review registered growth as the carmaker sold 33,750 units last month as against 28,311 units in August 2013, up 19.2%.

Hyundai continued to build on the positive momentum with good response for the new products such as Elite i20, Xcent and the Grand, said Rakesh Srivastava, HMIL senior vice president (sales and marketing).

"We maintain a cautious optimism for a good festive season on the strength of new products, increase in demand for petrol cars and improving customer sentiments," he added.
(Image: Hyundai)