Hyundai sees car sales dip by nine percent in May

New Delhi: Hyundai Motor India Ltd (HMIL) today reported nine percent decline in total sales to 51,718 units in May 2014. The company had sold 56,856 units in the same month last year, it said in a statement.In the domestic market, Hyundai sold 36,205 units last month as compared to 32,102 units in May 2013, up 12.8 percent.During the month, Hyundai's exports declined 37.3 percent to 15,513 units as against 24,754 units in the same month last year.[caption id="attachment_506974" align="alignleft" width="380"]

Hyundai Logo is seen in this file photo. Reuters[/caption]Commenting on the sales performance, HMIL Senior Vice-President (Sales and Marketing) Rakesh Srivastava said Hyundai, with a volume of 36,205 units, has grown by 12.8 percent over last year which is in line with this year's objective to grow in market share and volume."The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum. We foresee to maintain this positive trend by strengthening our product portfolio and improving channel efficiencies," he added.PTI