Hyundai Motor India posts flat domestic sales in August, exports up

New Delhi, September 2, 2013: Hyundai Motor India has recorded sales of 28,311 units in August 2013, a 0.19 percent growth over the 28,257 units sold in August 2012. However, the company, which is the country’s largest passenger car exporter, notched 28.87 percent growth in exports, shipping 24,008 cars compared to 18,629 units in August 2012. As a result, cumulative growth for the month was 11.58 percent, accounting for 52,319 units compared to 46,886 units in August 2012.

Commenting on the sales, Rakesh Srivastava, senior vice-president, Sales and Marketing, HMIL, said, “The exports have shown decent growth on account of strong demand from non-European markets while the domestic market continues to witness pressure. The overall market is suppressed due to various macro-economic factors. The frequent and steep increase in fuel prices continues to impact the already low market sentiments. We expect the challenge to continue in the coming months as well until there is a significant change in macro-economic policies.”