Automobile major Hyundai Motor Tuesday reported a decline of 7.5 percent in its cumulative sales for October at 48,325 units from 52,217 units in the like period of last year.
“We have seen that sales get a boost in the festive season but this year sentiment has been tepid,” said Director (marketing and sales) Arvind Saxena, Hyundai Motor.
The company did not expect the damp sales environment to be changed soon, as the market faced challenging economic conditions like rising fuel and interest costs, he said in a statement.
The company’s domestic sales reduced by five percent in the period under review at 33,001 units from 34,720 units in the corresponding month last year, the statement said.
Exports declined by 12.4 percent in the last month at 15,324 units as compared to 17,497 units in October 2010.
The company said that its recently launched compact car ‘Eon’ has got more than 9,000 bookings till date.