The company had sold 51,708 units in the same month last year, HMIL said in a statement.
In the domestic market, Hyundai sold 39,525 units last month compared with 35,003 units in March 2014, up 12.9 percent.
However, the company's exports declined by 38.9 percent to 10,215 units as against 16,705 units in the same period last year.
HMIL Senior Vice-President (Sales and Marketing) Rakesh Srivastava said, "The 2015 outlook seems challenging as there is low traction with weak delivery on macro-economic parameters and low consumer sentiments.
"We are hopeful that an environment will be created to bring-in investment and create employment that will give the required thrust to grow the industry," he added.

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