Hyundai sales down 15% in October

Hyundai Motor India Ltd today reported a 14.58% decline in its total sales in October at 50,212 units as against 58,784 units in the same month last year.

The company's domestic sales were marginally up at 36,002 units during the month, from 35,778 units in October 2012, HMIL said in a statement.

Exports during the month declined by 38.2% to 14,210 units from 23,006 units in the same month last year, it added.

Commenting on the sales, HMIL Senior Vice-President, Sales and Marketing, Rakesh Srivastava, said: "In this challenging market environment, sales have increased over last month by 17% on account of monsoons, festival buying and strong sales of 11,519 units of new model Grand which received an overwhelming customer response making it to the top five volume sellers within 2 months of its launch."