Hyundai sells 46,505 units in Feb, 2014 ; exports down by 39.5%

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered the domestic sales of 34,005 units and exports of 12,500 units with cumulative sales of 46,505 units for the month of February 2014.

Commenting on the February sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, "Post the reduction in excise duty, enquiry inflow has increased with February sales of 34,005 units with a growth of 2% over the earlier month and it is expected that this would lead towards creation of a positive momentum."

HMIL sales          Feb 2013             Feb 2014                         (%)

Domestic                34,002                 34,005                             -

Exports                   20,663                 12,500                            -39.5

Cumulative           54,665                  46,505                           -14.9

Source: cardekho