Hyundai Motor India sells 37,562 units in June, down 5.6%

Hyundai Motor India, like Maruti Suzuki India, has felt the pressure of slow sales in June as a  result of consumers delaying purchase ahead of GST kicking in on July 1.

The Korean carmaker has reported domestic market sales of 37,562 units, down 5.6 percent year on year (June 2016: 39,807).

Commenting on the June sales, Rakesh Srivastava, director - Sales and Marketing, said, “In a challenging market fuelled with speculations on the GST tax structure; Hyundai registered highest ever half year (H1: January-June 2017) domestic sales at 253,428 units with a growth of 4.1 percent on account of strong acceptance of the Grand i10, Elite i20 and Creta.  We expect a positive demand pull after the successful implementation of GST in the coming months as industry will witness heightened level of customers’ interest in a seamless unified single market.”

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