Hyundai sales dip 8.37 per cent in March

Hyundai Motor India has seen decline of 8.37 per cent, they have registered a total sale of 51,708 units for the month of March. Year ago in the same month company marks the sale 56,437 units.

In the domestic market Hyundai sales stood at 35,003 units during the month comparatively to 33,858 units in the same month last year.

Company’s exports per cent also reduced as it is recorded at 16,705 units from 22,579 units last year. Hyundai Motor India senior vice president (sales and marketing) Rakesh Srivastava said.

"Post the reduction of excise duty and with the strong performance in compact segment; Hyundai registered March sales of 35,003 units with a growth of 3.4 per cent over corresponding month indicating a build-up of positive momentum,"

He added ,"The excise duty cut is a welcome step taken by the government to revive sale."