Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, last month faced a negative pulsate in the exports.
Reportedly, it registered the domestic sales of 29,260 units and exports of 18,750 units with cumulative sales of 48,010 units for the month of July 2014.
Commenting on the July sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, “Hyundai volumes are 29,260 units with growth of 12.7% over last year and 13.3% cumulative growth with high market share of 23% in passenger cars. The demand pull created by the successful product launches and strong channel spread has brought down the discounts and the green shoots of growth are visible with the stabilization of macro-economic factors and near to average monsoons.”
