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Business News/ Companies / Hyundai’s domestic sales jump over 19% in August
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Hyundai’s domestic sales jump over 19% in August

Exports decline sharply, falling 40% to 14,361 units from 24,008 over a year ago

Rakesh Srivastava, senior vice-president, sales and marketing at Hyundai, credited the overall performance to good response for new models including Elite i20, Xcent and Grand. Photo: MintPremium
Rakesh Srivastava, senior vice-president, sales and marketing at Hyundai, credited the overall performance to good response for new models including Elite i20, Xcent and Grand. Photo: Mint

Mumbai: Hyundai Motor India Ltd (HMIL), India’s second largest car manufacturer, sold 33,750 units in August, up 19.2% from 28,311 units sold last August, the company said in a statement on Monday.

Exports, however, declined sharply, down 40% to 14,361 units from 24,008 units over a year ago.

Rakesh Srivastava, senior vice-president, sales and marketing at the firm, credited the overall performance to good response for new models including Elite i20, Xcent and Grand.

“We maintain a cautious optimism for a good festive season on the strength of new products, increase in demand for petrol cars and improving customer sentiments," he said.

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Published: 01 Sep 2014, 01:00 PM IST
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