Seoul, Dec 2 || Hyundai Motor, South Korea's biggest carmaker, said on Monday its sales fell 3.7 per cent last month from a year earlier due to a slowdown in vehicle demand.
Hyundai Motor sold 355,729 vehicles in November, down from 369,356 units a year earlier, the company said in a statement.
Domestic sales slumped 12.3 per cent to 63,170 units, while overseas sales slipped 1.6 per cent to 292,559, the statement said.
From January to October, its sales dropped 1.7 per cent to 3,809,424 units from 3,873,724 a year ago, reports news agency.
"The business environment is expected to remain challenging due to factors such as exchange rate and interest rate fluctuations, as well as heightened geopolitical risks," a company official said.
The Hyundai official said the company plans to focus on sales of hybrids, which are experiencing a surge in demand globally, while introducing next-generation models successively to sustain sales momentum.