Tuesday, October 20, 2020

Business

Green Shoots: Hyundai's Sep cumulative sales up 3.8%

IANS | October 01, 2020 02:58 PM

NEW DELHI:Automobile major Hyundai Motor India on Thursday reported a rise of 3.8 per cent in its cumulative sake for September 2020.
Accordingly, the company's cumulative sales rose to 59, 913 units from an off-take of 57, 705 units sold during the like period of the previous year.

The company's total domestic off-take during the month under review increased by 23.6 per cent to 50, 313 units from 40, 705 units sold during the corresponding month of last year.

However, the company's exports fell by 43.5 per cent to 9, 600 units during the month under review from 17, 000 units shipped out during September 2019.

"In the changing business environment, the green shoots of recovery are clearly visible with sales improving on a month-on-month as well as year on year basis, " said Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India Limited.

"We are confident that the coming festive season will drive the market on a steady recovery path with positive customer sentiments."

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