Hyundai record negative growth in March 2015 at 49740 units sales

Hyundai Motor India Ltd (HMIL) recorded total sales of 4,20,668 units for the fiscal 2014-15. The company registered the domestic sales of 39,525 units and exports of 10,215 units with cumulative sales of 49,740 units for the month of March 2015. In fact, for the month of March 2015 it recorded a negative 3.8pc growth.

While domestic sales for the month of March 2015 stood at 39,525 units (35,003 units), recording a 12.0pc growth, exports slumped 38.9 pc (-) to 10,215 units in March 2015 (16,705 units).

Commenting on the March sales, Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, “In a market with weak sentiments, Hyundai achieved  its highest-ever single month sales of 39,525 units with highest-ever financial Year sales of 4,20,668 units. The market share of 16.3pc was highest-ever with strong performance of successful launch of new models like Elite, i20 Active, Xcent & Verna and lead by strong marketing initiatives to engage rural markets and repeat buyers.”

“The 2015 outlook seems challenging as currently there is low traction in the market with weak delivery on macro-economic parameters and on low customer’s sentiments. We are hopeful that an environment will be created to bring-in investment and create employment that will give the required thrust to grow the industry,” he added.