Latest News | Hyundai Reports 6 Pc Decline in Sales in June

New Delhi, Jul 1 (PTI) Hyundai Motor India on Tuesday said its total sales declined by 6 per cent year-on-year to 60,924 units in June.

The company's total sales stood at 64,803 units in June last year, Hyundai Motor India Ltd (HMIL) said in a statement.

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The automaker said its dispatches to dealers in the domestic market declined 12 per cent to 44,024 units in June as compared with 50,103 units in the year-ago period. Exports stood at 16,900 units last month as against 14,700 units in June 2024.

"In the domestic market, the geopolitical situation continued to affect the market sentiment," Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said in a statement.

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As the company comes closer to the beginning of production at the Talegaon plant, it remains cautiously optimistic about a gradual recovery of demand, supported by a reduction in repo rates and improving liquidity on account of a cut in CRR, he added.

"We are closely watching the global geopolitical scenario and are committed to delivering value and innovation to our customers across both domestic and export markets," Garg said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)