Latest News | Hyundai Sales Dip 8 Pc in May at 58,701 Units
Get latest articles and stories on Latest News at LatestLY. Hyundai Motor India on Monday said its total sales declined 8 per cent year-on-year to 58,701 units in May.
New Delhi, Jun 2 (PTI) Hyundai Motor India on Monday said its total sales declined 8 per cent year-on-year to 58,701 units in May.
The company's total sales stood at 63,551 units in May last year, Hyundai Motor India Ltd (HMIL) said in a statement.
The automaker said its dispatches to dealers in the domestic market declined 11 per cent to 43,861 units in May as compared with 49,151 units in the year-ago period.
Exports stood at 14,840 units last month as against 14,400 units in May 2024.
"May is a month of our routine week-long biannual maintenance shutdown at our Chennai manufacturing facility which affects availability of few critical models," Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said in a statement.
The automaker continues to witness consistent growth in exports volume, he added .
"Going forward, we remain hopeful of a steady increase in demand for both domestic as well as international shipments with reduced uncertainty on the geo-political front and improved macro-economic situation," 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)