Hyundai s June domestic sales down 5.6%

New Delhi July 1 (IANS) Automobile major Hyundai Motor India on Saturday reported a 5.6 per cent decline in its domestic sales for June 2017.

According to the company its domestic sales decreased to 37 562 units from 39 807 units off-take for the corresponding month of 2016.

However the company s January-June sales edged up by 4.1 per cent to 253 428 units from 243 442 units.

In a challenging market fuelled with speculations on the GST tax structure; Hyundai registered highest ever half year (H1: Jan -June 2017) domestic sales at 2 53 428 units with a growth of 4.1 per cent on account of strong acceptance of super performer brands Grand i10 Elite i20 and Creta in Pre-GST business environment Rakesh Srivastava Director - Sales and Marketing HMIL said in a statement.

We expect a positive demand pull post the successful implementation of GST in the coming months as industry will witness heightened level of customers interest in a seamless unified single market.

--IANS
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