Industry

Hyundai sales decline 78.7% in May

Hyundai Motor India Ltd on June 1, 2020, reported a 78.7% decline in total sales at 12,583 units in May.

Hyundai Motor India Ltd on June 1, 2020, reported a 78.7% decline in total sales at 12,583 units in May.   | Photo Credit: Reuters

The company reported total sales of 12,583 units this May as opposed to total sales of 59,102 units in May, 2019.

Hyundai Motor India Ltd (HMIL) on June 1 reported a 78.7% decline in total sales at 12,583 units in May. The company had reported sales of 59,102 units in May, 2019.

Domestic sales during the last month were down 83.8% to 6,883 units as against 42,502 units in May, 2019.

The company said it exported 5,700 units during the last month as compared to 16,600 units in May last year.

“The company has made a humble beginning towards normalcy by registering cumulative sales of 12,583 for the month of May,” Tarun Garg, HMIL director (sales, marketing and service) said in a statement.

This performance was possible on account of strong customer interest and demand for products like Creta, Verna and Venue, he added.

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Printable version | Jul 16, 2020 8:34:57 PM | https://www.thehindu.com/business/Industry/hyundai-sales-decline-787-in-may/article31721649.ece

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