Chennai, Feb 2 (IANS): Car-maker Hyundai Motor India Ltd closed last month with 1.4 percent reduced sales as compared to volumes logged during the same month of the previous year, the company said Monday.
In a statement, Hyundai Motor India said it had sold 44,784 units (domestic 34,780 units, exports 10,004 units) last month as compared to 45,413 units (domestic 33,405 units, exports 12,008 units) sold during January 2014.
"Hyundai sold 34,780 units in the domestic market with a growth of seven percent over last month," said Rakesh Srivastava, senior vice president-sales and marketing.
"For sustained growth, the need of the hour is reduction in interest rates and rationalisation of taxes to increase the inflow of the first time buyers," he added.