Hyundai Motor India drives past 500,000 units in first 11 months of FY2023

Hyundai Motor India has reported domestic market sales of 47,001 units, which is an increase of 7% year on year (February 2022: 44,050 units). While this number is 6% below January 2023’s 50,106 units, it has enabled the Chennai-based carmaker to drive past the half-a-million sales milestone in the first 11 months of FY2023.

With cumulative sales of 516,946 units between April 2022 and February 2023, Hyundai Motor India is set to record its best-ever fiscal-year sales in FY2023. The company, which registered its best-ever calendar-year sales of 552,511 units in CY2022, had previously crossed the 500,000 sales mark for the first time in FY2017 (509,705 units) and then in FY2018 (536,241 units). In FY2022, total sales were 481,500 units.

The Creta midsize SUV, the second best-selling utility vehicle in India, remains the company’s best-selling product and is estimated to have sold over 140,000 units in the first 11 months of the ongoing fiscal year.

According to Tarun Garg, Chief Operating Officer, Hyundai Motor India, “The newly launched Hyundai Ioniq 5, Tucson, Grand i10 Nios and Aura continue to create excitement in the Indian market space and receive tremendous customer response. The Creta has set a benchmark,  registering sales of 830,000 units since inception. The overall sales numbers are showing a positive trend across segments.”