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December 02, 2008 13:52 IST
Hyundai Motor India Ltd said on Tuesday its domestic passenger-car sales fell 23.34 per cent to 14,605 units in November against 19,052 units in the same month last year. However, the company's cumulative sales (including exports) in November were up by 48.89 per cent to 43,105 units compared with 28,950 units in the year-ago period, HMIL said. Its exports for the month rose by nearly three-fold to 28,500 units, the same stood at 9,898 units during the same month in 2007. HMIL sold 38,216 units of hatchbacks Santro, Getz Prime and i10, 4,883 units of Accent and Verna, two units of Sonata Embera and four units of its SUV Tucson in November. "It is becoming increasingly challenging to keep the sales ticking and the footfalls in the showroom across the country has shown a steady downfall, which is the combined effect of increase in interest rate, high inflation and economic slowdown," HMIL senior vice-president (marketing and sales) Arvind Saxena said. The trend of slowdown was likely to continue in the coming months too, he added. Looking for cars or bikes? Check this out!
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