Japan lowers growth forecast amid auto export slowdown
The downward revision reflected delays in the recovery of automobile exports, impacted by certification-related issues with certain manufacturers.
Automobile major Hyundai Motor India (HMIL) on Friday reported a rise of 10 per cent in its domestic sales for November.
According to the automobile major, its domestic sales during the month under review increased to 44,008 units from an off-take of 40,016 reported in the corresponding month of 2016.
Commenting on the November performance, HMIL Director for Sales and Marketing Rakesh Srivastava said: “Hyundai volume of 44,008 units is a growth of 10 per cent with strong performance of the newly launched bestseller Next Gen Verna along with Grand i10, Elite i20 and Creta.
Advertisement
“Due to strong pull of festive demand on the strength of buoyant rural markets, we hope to build on this positive momentum with a cumulative retail sales of 200,000 units for the period September to December 2017.
“We have also strengthened our export with first dispatch of 2,022 units of Made-in-India Next Gen Verna to the Middle East market from November 2017,” Srivastava added.
Advertisement
