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News Topical, Digital Desk : Hyundai Motor has released its sales figures for the month of December. The company stated in a filing to the exchange that total sales for the month of December were 58,702 units, slightly lower than the CNBC-TV18 estimate of 62,667 units. Total sales increased 6.6 percent year-on-year, compared to a decline in total sales during the same period last year. Domestic sales totaled 42,416 units, reflecting steady year-on-year growth.
Meanwhile, exports grew 26.5 percent to a total of 16,286 units, reflecting strong international demand for Hyundai. Despite falling short of poll estimates, the year-on-year increase in total sales indicates operational flexibility amid a competitive passenger vehicle market. Analysts will be monitoring domestic demand in the coming months, as well as the sustainability of export growth.
Share Performance: The company's stock closed at ₹2,310 on Thursday, up 0.52 percent. Over the past year, the company's stock has gained 28.38 percent.
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