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Hyundai Motor India sales fall 1.5% in July

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Press Trust of India New Delhi

The country's second-largest car-maker Hyundai Motor India today reported a 1.48% decline in total sales to 49,667 units in July, 2011.

The company sold 50,411 units in the corresponding year-ago period, Hyundai Motor India Ltd (HMIL) said in a statement.

In the domestic market, the company's sales decreased 11% to 25,642 units from 28,811 units in same month last year, it added.

Exports of the company increased by 11.23% during the month under review to 24,025 units from 21,600 units in the year-ago period, the statement said.

"The July, 2011, sales for both the industry and as well as Hyundai Motor India Ltd had been negative. Though the customer enquiries have increased, due to the increase in fuel price and interest rates, conversion rate has slowed down," HMIL Director (Marketing and Sales) Arvind Saxena said.

 

In the A2 segment (Santro, i10 and i20), the company sold 41,533 units, while in the A3 segment (Accent and Verna), sales stood at 7,980 units.

The A5 segment (Sonata Transform) of HMIL witnessed sales of 13 units, while its new SUV Santa Fe attracted 141 buyers during the month.

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First Published: Aug 01 2011 | 3:56 PM IST

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