April 20, 2024

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Hyundai Motor said on March 4 its sales inched up 0.3 percent last month from a year earlier on higher domestic demand.

The carmaker sold 313,172 vehicles in February, up from 312,268 units a year earlier, the company said in a statement.

Domestic sales climbed a solid 6.4 percent to 53,406 units last month from 50,200 a year ago. But overseas sales backtracked 0.9 percent to 259,766 from 262,068 during the same period, the statement said.

Robust demand for the all-new Santa Fe and Palisade sport utility vehicles boosted the overall sales results last month, it said.

Meanwhile, its affiliate Kia Motors saw its sales rise 0.1 percent last month from a year.

Kia sold 197,647 vehicles in February, up from 197,418 units a year ago, helped by increased sales of the Sportage sport utility vehicle, the company said in a statement.

Domestic sales fell 10 percent on-year to 33,222 units last month from 37,005. But overseas sales climbed 2.5 percent to 164,425 from 160,413 over the same period, it said.

By Ram Garikipati and newswires (ram@heraldcorp.com)