Hyundai India 11.8% sales decline in April 2014

Hyundai Motor India Ltd (HMIL)reports domestic sales of 35,248 units and exports of 14,974 units with cumulative sales of 50,222 units for the month of April 2014 as compared to 56,953 vehicles in April 2013.

2014 Hyundai XcentThis equates to 11.8% overall sales decline. In terms of domestic sales, HMIL sold 32,403 cars in April 2013, and this equates to 8.8% sales increase. Exports in April 2013 stood at 24,550 units and equating to 39% sales decline.

Commenting on the April sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, “Hyundai with a volume of 35,248 units has grown by 8.8% over last year which is in line with this year’s objective of growth in volume and market share. Growth is led by sedan and utility vehicles across geographies, with new products Xcent, Grand and Santa Fe, adding volumes with an overwhelming response from customers. We foresee to maintain this positive momentum in this year by strengthening product portfolio and improving channel efficiencies.”

HMIL sales

April 2013

April 2014

(%)

Domestic

32,403

35,248

8.8

Exports

24,550

14,974

-39

Cumulative

56,953

50,222

-11.8