Hyundai clocks 20% uptick in August sales on pent up demand

India’s second-largest carmaker by volumes, Hyundai Motor India, has reported a 20 percent uptick in August with sales of 45,809 units in the domestic market (August 2019: 38,205).

Hyundai’s performance along with Maruti Suzuki India hints towards a visible recovery trend in the market, which is coming on the back of pent up demand, as well as the enhanced need for personal mobility in a post Covid-19 world.

While in Maruti’s case, the growth is led by its flurry of small cars, Hyundai has been riding on the wave of demand for its UVs – the new Creta and Venue SUV. Moreover, its Aura and Grand i10 Nios twins, with their host of powertrain and drivetrain options in feature-rich packaging have been luring buyers in the midsize sedan and hatchback categories, respectively.

The second-generation Hyundai Creta, which was launched in end-March, has been the company’s star performer, selling 21,968 units over the months of May, June and July. 

According to Tarun Garg, director, Sales, Marketing and Service, Hyundai Motor India, “HMIL continues to humbly contribute to the recovery of the Indian automobile industry by registering domestic sales of 45,809 units, with a positive growth of 19.9 percent. We would like to carry on with the cautious optimism as uncertainty still surrounds the pandemic.”

The new Creta continues to see surging demand. Hyundai Motor India sold a total of 11,756 Cretas last month. In the April-July 2020 period, the new Creta was the No. 1 with all of 21,968 units sold. 

Also read: India’s best-selling UVs this April-July, Hyundai breezes ahead in market share