Hyundai India witnessed a drop of 5.6 per cent in the country in the month of June. The domestic sales which stood at 37,562 units in June 2017 were down from 39,807 in the same month last year.
The Korean carmaker, just like all the other manufacturers in the country, registered a sales drop in the sixth month of 2017, all thanks to the GST effect. Although Hyundai is a formidable exporter from India, the carmaker hasn't divulged the export figures for the month of June. However, Hyundai asserts they managed to achieve a growth of 4.1 per cent in the first half of 2017.
With total domestic sales of 2,53,428 units between January and June, the Korean carmaker boasts of a growth owing to strong demand for its highest selling cars – the Grand i10, Elite i20 and Creta – in the pre-GST business environment.
Rakesh Srivastava, director, sales and marketing, Hyundai Motor India Ltd (HMIL), commenting on the June sales, said, “In a challenging market fuelled with speculations on the GST tax structure; Hyundai registered highest ever half year (H1: Jan –June 2017) domestic sales. We expect a positive demand pull post the successful implementation of GST in the coming months as the industry will witness heightened level of customers’ interest in a seamless unified single market.”
Compared to the previous month of May, when the carmaker was able to sell 42,007 units,the domestic sales have dropped by 10.58 per cent. The updated Grand i10 continues to be the strongest seller for Hyundai along with Elite i20 and Creta. However, the new and updated Xcent compact sedan wasn’t able to set the sales chart of fire.