Hyundai Motor India total sales up 5% in Feb

Hyundai Motor India Ltd (HMIL) reported a 5.42% rise in its total sales at 54,665 units in February 2013. The company had sold 51,855 units in the corresponding month previous year, HMIL said.

In the domestic market, the company recorded a decline of 7.62% in sales at 34,002 units compared to 36,805 units in the year-ago period, it added. Exports of the company went up by 37.30% to 20,663 units during the month under review from 15,050 units in the same period previous year, it said.

"The market was suppressed as there was drop in enquiries with lower rates of conversions to purchase. The increase in fuel prices negatively impacted the already low market sentiments," HMIL Vice President (Sales and Marketing) Rakesh Srivastava said.

Source : Equity Bulls

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