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  Business   Companies  01 Jul 2017  Hyundai domestic sales drop 6 per cent to 37,562 units in June

Hyundai domestic sales drop 6 per cent to 37,562 units in June

PTI
Published : Jul 1, 2017, 1:52 pm IST
Updated : Jul 1, 2017, 1:52 pm IST

Company expects a positive demand pull, post successful implementation of GST, in coming months.

Hyundai registered highest-ever half-year domestic sales on account of strong acceptance brands Grand i10, Elite i20 and Creta in pre-GST business environment.
 Hyundai registered highest-ever half-year domestic sales on account of strong acceptance brands Grand i10, Elite i20 and Creta in pre-GST business environment.

New Delhi: Hyundai Motor India Ltd (HMIL) today reported a 5.6 per cent decline in domestic sales at 37,562 units in June.

The company had sold 39,807 units in June 2016, HMIL said in a statement. In January-June, the domestic sales figure for the automaker stood at 2,53,428 units, up 4.1 per cent from 2,43,442 in the year-ago period.

 

HMIL Director Sales and Marketing Rakesh Srivastava said: "In a challenging market fuelled with speculations on the GST tax structure, Hyundai registered highest-ever half-year domestic sales on account of strong acceptance brands Grand i10, Elite i20 and Creta in pre-GST business environment."

The company expects a positive demand pull, post successful implementation of GST, in coming months as the industry will witness heightened level of customer interest in a seamless and unified single market, he added.

Tags: hyundai, sales, revenue, shares, profit
Location: India, Delhi, New Delhi