Hyundai Motor's June sales down 7.6 percent

Chennai, July 1 (IANS) Automobile manufacturer Hyundai Motor India Tuesday reported a fall of 7.6 percent in its sales for June at 50,518 units from 54,665 units in the corresponding month of last year.

However, the company said its domestic sales during the month under review grew by 9.5 percent and stood at 33,514 units - up from 30,610 units sold in the corresponding month of 2013.

The company's exports last month crashed by 29.3 percent at 17,004 units - down from 24,055 units shipped out during the corresponding month of last year.

"Hyundai with a volume of 33,514 units, has grown by 9.5 percent over last year on the success of Xcent, Grand and Santa Fe," Rakesh Srivastava, senior vice president, sales and marketing, Hyundai Motor India.

"With the extension of excise duty benefit, we hope to maintain the growth in volume while strengthening our product portfolio and improving channel efficiencies."