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The country’s second largest automaker Hyundai Motor India has reported a dip of 17.7 per cent in total sales during January 2011.
The company sold 43,316 units in January 2011 a dip of 17.7 per cent as against 52,628 units sold in the same month of the previous year, Hyundai Motor India said in a statement.
Domestic sales witnessed a marginal increase of 30,306 units in January 2011 as against 29,601 units in January 2010.
However, exports witnessed negative growth of 43.5 per cent last month, with sales of 13,010 units as against 23,027 sold in January 2010.
“Hyundai continues to be on a steady growth path riding on the strong performance of its compact cars. We expect the domestic market to continue to grow although the rate might come down to low double digit this year”, Hyundai Motor India Director-Marketing and Sales Mr Arvind Saxena said.
The company in January 2011 sold 39,343 units of Santro, i10 and i20, 3,957 units of Accent and Verna, 11 units of Sonata Transform and five units of Santa Fe, it said.
Hyundai Motor India currently has two manufacturing facilities at nearby Sriperumbudur. It has a capacity of producing six lakh units a year. The company exports to over 110 countries, the statement added.
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