Hyundai Motor India Limited (HMIL) has announced its sales performance for May on Monday, June 1, which were lower than the CNBC-TV18 poll expectations for both the domestic and export markets.The company saw overall sales of 61,137 units in the month of May, marking a 4.1% growth compared to the same month last year. A CNBC-TV18 poll had pegged the figure at 64,250 units.
Domestic sales for the month of May grew by 9.1% year-on-year to 47,837 units, while exports stood at 13,300 units.
For the first two months of the financial year, Hyundai Motor India has reported an overall domestic sales figure of 99,739 units, which is a growth of 13% from the same period last year.Shares of Hyundai Motor India are off opening highs but are trading 0.6% higher at ₹1,935.1. The stock is currently trading around its issue price of ₹1,960. The stock is still down 16% so far on a year-to-date basis.
Shares are also trading well below their 52-week high of ₹2,890.
