Hyundai Motor India Limited (HMIL) is India’s 2nd largest car manufacturer and the largest passenger car exporter and it has registered cumulative sales of 48,704 units in July 2013. This month Hyundai India undertook its planned periodic annual maintenance shutdown of its production facilities. HMIL’s total sales figure in the same period last year was 52,845 units which was higher by 8 percent. Domestic sales stood at 25,965 in July as compared to 27,585 units in July 2012. The export segment too declined by 9.9% selling 22,739 units, in comparison to 25,260 units sold last year.
Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing, HMIL, commenting on the sales, said: “Volumes are under pressure despite attractive consumer promotion as customer and market sentiments continue to be suppressed. The frequent price increase in the fuel price on account of depreciating rupee has further increased the challenge to grow volumes.”
There are nine Hyundai cars available across segments in the Indian auto market and the company plans to launch its much awaited new small car in a few months time.