Hyundai’s September sales down 4 percent

Hyundai Motor India Tuesday reported a four percent fall in sales in September, which stood at 51,418 units as compared to 53,557 units sold in the corresponding month of 2012.

“In the current market scenario volume growth is a big challenge. We expect the market challenges to continue and have a cautious optimism for upcoming festive season,” said Rakesh Srivastava, senior vice president (sales and marketing), Hyundai Motor India.

“Last month, we launched our new model Grand in the midst of slowdown and have received phenomenal response from our customers.”

The car manufacturer reported an 8.3 percent decline in exports for the last month which stood at 20,817 units, up from 22,706 units shipped out in September 2012.

According to the company, its domestic sales fell by 0.8 percent, and stood at 30,601 units from 30,851 units sold in the corresponding month of last year.