Hyundai Motor sales down nearly 10% to 50,135 units in December

Hyundai Motor India Ltd (HMIL) on Wednesday reported 9.9 per cent decline in total sales in December at 50,135 units as against 55,638 units in year-ago month.

The company said its domestic sales were at 37,953 units in December 2019 as compared to 42,093 units in the same month previous year, down 9.8 per cent.

Exports during the month were also down 10.06 per cent at 12,182 units as against 13,545 units in December 2018, it said in a statement.

Total sales in 2019 were down 2.6 per cent at 6,91,460 units as compared to 710,012 units in 2018.

Domestic sales last year were at 510,260 units as against 550,002 units in 2018, a decline of 7.2 per cent, it added.

Exports in 2019 were, however, up 13,2 per cent at 181,200 units as compared to 160,010 units in 2018, the company said.

Commenting on the sales performance, HMIL Director Sales, Marketing and Service Tarung Garg said, "The Year 2019 has been a challenging year for the Indian automotive industry. Even in such adverse conditions, Hyundai Motor India as committed has launched 4 new benchmark products in different segments."

He further said,"As we gear-up for a significant year in 2020, we will offer BS-VI in both petrol and diesel engines across different models in our product portfolio.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel