Hyundai Reports Higher Sales Figures in November

Hyundai Motors India Limited reported that its car sales figures in November rose 49 percent from a year earlier. Export sale is the main reason attributed to the higher sales from the company in the past month.

Total sales at Hyundai Motor India Ltd rose to 43,105 units in November from 28,950 in the same month last year, with exports soaring 188 percent to 28,500 units, the company said in a statement. However, the sales figures in India looked glum and recorded a 23.3 percent fall to 14,605 units in November 2008. Hyundai is India’s second largest auto maker by sales. It marks its strong presence in the country with its extremely popular models like i10, Santro and Hyundai Sonata Embera.

"It is becoming increasingly challenging to keep the sales ticking," Arvind Saxena, vice president for marketing and sales at Hyundia India, said in the statement. "The footfalls across the country have shown a steady downfall which is the combined effect of increase in interest rate, high inflation and economic slowdown. This trend is likely to continue in the coming months too," he said. Auto industry in India is facing challenges from all corners and car makers are finding it tough to keep up the sales figures every month.