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Hyundai Motor sales down 7% in October

Hyundai Motor sales down 7% in October
PTI
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First Published: Tue, Nov 01 2011. 03 54 PM IST

A file photo of the Hyundai Motor India Ltd,Sipcot industrial park, Sriperumbudur,Tamil Nadu
A file photo of the Hyundai Motor India Ltd,Sipcot industrial park, Sriperumbudur,Tamil Nadu
Updated: Tue, Nov 01 2011. 03 54 PM IST
New Delhi: The country’s second-largest car-maker Hyundai Motor India Ltd Tuesday reported a 7.45% decline in total sales to 48,325 units in October 2011.
A file photo of the Hyundai Motor India Ltd,Sipcot industrial park, Sriperumbudur,Tamil Nadu
The company sold 52,217 units in the corresponding year-ago period, Hyundai Motor India Ltd (HMIL) said in a statement.
In the domestic market, the company’s sales fell 4.95% to 33,001 units from 34,720 units in the same month last year, it added.
Exports of the company dipped by 12.42% to 15,324 units during the month under review from 17,497 units in the year-ago period, the statement said.
“We have seen that sales get a boost in the festival season, but this year, sentiment has been tepid. We don’t expect a major upswing in the near future, the challenging economic environment is affecting industry,” HMIL director (marketing and sales) Arvind Saxena said.
The company’s latest small car, Eon, has been received well and HMIL has got more than 9,000 bookings till date, he added.
In the A2 segment (Eon, Santro, i10 and i20), the company sold 41,204 units, while in the A3 segment (Accent and Verna), sales stood at 6,929 units.
The A5 segment (Sonata Transform) of HMIL witnessed sales of two units, while its new Santa Fe SUV attracted 190 buyers during the month.
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First Published: Tue, Nov 01 2011. 03 54 PM IST
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