Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered the domestic sales of 35,003 units and exports of 16,705 units for the month of March 2014.
Compared to the same time period of 2013, the domestic sales went up by 3.4% from 33,858 units. However, compared to March 2013, the exports went down by 26% from 22,579 units. That in turn has affected cumulative sales as well, which went down by 8.4% from 56,437 units in March 2013 to 51,708 units in March 2014.
Commenting on the March sales, Rakesh Srivastava, the Senior Vice President of Sales and Marketing at HMIL said, “Post the reduction of excise duty and with the strong performance in compact segment; Hyundai registered March sales of 35,003 units with a growth of 3.4% over corresponding month indicating a build-up of positive momentum.”