Seoul: Hyundai Motor Co. reported a decrease in global sales in May, citing production disruptions caused by parts supply shortages as the primary reason for the decline. The South Korean automaker revealed that it sold 325,473 vehicles worldwide during the month, marking a 7.7 percent drop from the previous year.

According to Yonhap News Agency, overseas sales experienced a 4.6 percent decline, totaling 280,109 units in May. Meanwhile, domestic sales saw a more significant reduction, falling by 23.1 percent to 45,364 units. Hyundai Motor attributed these declines to production interruptions, which were primarily due to issues with parts supply at its suppliers.

Despite the current challenges, Hyundai Motor expressed optimism about a gradual recovery in sales. The company anticipates that the launch of the facelifted version of its flagship sedan, the New Grandeur, in its home market will bolster sales performance in the coming months.