Hyundai sales up 26% in March

Hyundai reported a 26.5 per cent rise in sales in March at 30,038 units, boosted by the eight per cent excise duty cut on small cars.

Country's second-biggest carmaker Hyundai India on Monday reported a 26.5 per cent rise in sales in March at 30,038 units, boosted by the eight per cent excise duty cut on small cars.

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The company, a fully-owned subsidiary of South Korean auto major Hyundai Motor Co (HMC), said this was the highest- ever sales numbers recorded among all HMC factories outside Korea.

Sales in the domestic market stood at 22,524 units and registered a growth of 37.5 per cent while exports grew 2.1 per cent at 7,514 units.

The flagship 'Santro' saw sales of 16,838 units in the domestic market at a growth of 42 per cent.

In the first quarter of 2006, the company's sales, including exports, grew 13.6 per cent at 68,653 units against 60,428 units.