Hyundai domestic sales drop 6% to 37,562 units in June
1 min read . Updated: 01 Jul 2017, 02:37 PM ISTHyundai expects a positive demand pull, post GST, in coming months as the industry will witness heightened level of customer interest in a seamless and unified single market
New Delhi: Hyundai Motor India Ltd (HMIL) on Saturday reported a 5.6% decline in domestic sales at 37,562 units in June. The company had sold 39,807 units in June 2016, HMIL said in a statement.
In January-June, the domestic sales figure for the automaker stood at 2,53,428 units, up 4.1% from 2,43,442 in the year-ago period.
HMIL director sales and marketing Rakesh Srivastava said: “In a challenging market fuelled with speculations on the GST tax structure, Hyundai registered highest-ever half-year domestic sales on account of strong acceptance brands Grand i10, Elite i20 and Creta in pre-GST business environment."
The company expects a positive demand pull, post successful implementation of GST, in coming months as the industry will witness heightened level of customer interest in a seamless and unified single market, he added.
Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.
