Hyundai July 2013 sales decline in two years

Hyundai India is the second largest passenger car manufactures and the largest car exporter in the country. The company has reported 5.9 percent sales down in July 2013 and it’s happen in two years.

Hyundai India sold a total 49,704 units in July 2013, which is 5.9 % decline sales to compared the sales report July 2012, the company sold a total 52,845 units in July 2012.Hundia India exports has declined 9.9% in July 2013 as a compared with vehicles exports report in July 2012.

Mr. Rakesh Srivastava, Sr. Vice President, Sales and Marketing, HMIL said, “Sales volumes are under pressure despite attractive consumer promotion as market and customer sentiments continue to be suppressed. The frequent government increases the price of fuel and depreciating rupee has further increased the challenge to grow the sales volumes.”

The company is planning to launches new car segment like compact SUV in India at September, just before Diwali festive season and The Company is also planning to display multi-purpose vehicle in February 2014 Auto Expo.