Hyundai's Santro sales have fallen 14% (month on month) in October 1999. This was reported by a leading business daily.
Hyundai has a presence in the small car (Santro) as well as the mid-sized car (Accent) segments.
Although the Santro posted 14% fall in month-on-month sales, it posted a 4.5% rise in sales as compared to October 1998. Over the period January-October 1999, the Santro has sold 47,256 units. Overall it has sold 55,704 units since its launch.
The decline in October sales growth can be attributed to the transporters' weeklong strike, which affected Santro despatches to various locations. Other manufacturers like Indica (TELCO)- sales down 5.9%, were also affected. However, Maruti posted a 24% rise in October sales despite the strike.
With the onset of the festive season in the country, car sales are expected to rise over the next few weeks.
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