Hyundai India sales at 1% rise for first half of FY 2013-14
For the first half of FY 2013-14, Hyundai India sold 320,918 units including exports against 317,917 units during same period of FY 2012-13, registering 1% growth. Domestic sales declined by 2% at 179,992 units for the first half of FY 2013-14 against 184,223 units in the same period of previous financial year. Exports for the first half of FY 2013-14 stood at 140,926 units, registered growth of 5% in comparison with 133,694 units sold during same period of FY 2012-13.
The overall sales of Hyundai Motor India Ltd (HMIL) for September 2013 including exports stood at 51,418 units for the month of September 2013, registering 4% growth compared to 53,557 units sold in September 2012. The domestic sales declined by 1% with 30,601 units sold in September 2013, against 30,851 units sold during 2012. The company exported 20,817 units in September 2013, which fall by 8% when compared to 22,706 units during September 2012.
Commenting on the sales, Mr. RakeshSrivastava, Sr. Vice President, Sales and Marketing, HMIL said, “In the current market scenario volume growth is a big challenge. Last month, we launched our new model Grand in the midst of slowdown and have received phenomenal response from our customers. We expect the market challenges to continue and have a cautious optimism for upcoming festive season.”
Source – ACG, Company
