Car Sales January 2015: Hyundai’s domestic sales rise by 4.1%, exports fall by 16.7%

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Added in: Hyundai

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Hyundai Motor India Ltd registered the domestic sales of 34,780 units and exports of 10,004 units with cumulative sales of 44,784 units for the month of January 2015. The Indian arm of the Korean car maker sold 33,405 units in the corresponding month last year. Although the domestic sales rose by 4.1 percent, the export sales witnessed a downfall of 16.7 percent year-on-year for the month of January.

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Commenting on the January sales Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, “Hyundai sold 34,780 units in the domestic market with a growth of 7% over last month. This growth came in on the momentum built by leading products like new Elite i20, Grand and Eon while facing the stiff challenges of increasing cost of ownership on account of increase in excise duties. For sustained growth the need of the hour is reduction in interest rates & rationalisation of taxes to increase the inflow of the first time buyers.”

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HMIL sales January 2014 January 2015 (%)
Domestic 33,405 34,780 4.1
Exports 12,008 10,004 -16.7
Cumulative 45,413 44,784 -1.4
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