Hyundai Motor Company has sold a total of 313,313 units worldwide in January 2019, down 7.7 percent year on year. Strong sales in Korea market led by strong SUV demand helped offset softer demand outside of Korea including the China market.
Sales in Korea increased by 17.5 percent from a year earlier to 60,440 units. The expanded SUV line-up including Palisade flagship SUV, Tucson and Kona led the strong beginning of the year.
Sales in overseas markets decreased by 12.2 percent year-over-year, posting 252,873 units as industry demand slowed in China. Other emerging markets such as Russia and Asia Pacific region continued show healthy sales growth.
In India, where Hyundai is the No. 2 carmaker by volumes, the company recorded flat growth with sales in January touching 45,803 units (January 201: 45,508). While the company did resurrect the Santro brand in October last year, its regular models including the Grand i10, Elite i20 and Creta are seemingly doing better than what it had expected from the once popular entry-level hatchback brand in the country.
Also read: Kia sells 208,908 vehicles globally (1.2%) in January
Passenger vehicle sales in India stay subdued in January