Hyundai Motor India posts record 484,324 sales in 2015-16

Hyundai Motor India has clocked its highest-ever financial year domestic sales of 484,324 units in the just-ended 2015-16.

Growth is up 15.1% over FY2014-15 when it had sold a total of 420,668 units. In March 2016, the carmaker registered domestic sales of 41,201 units and exports of 10,251 units with cumulative sales of 51,452 units.

Commenting on the March numbers, Rakesh Srivastava, senior vice-president (Sales and Marketing), Hyundai Motor India, said, “For FY2015-16, Hyundai has achieved its all-time highest volume and  highest-ever market share of over 17% thanks to the strong performance of models like the Creta, Elite i20 and Grand i10."

The company not only reported the highest ever volumes in 2015-16, it also achieved its highest ever growth rate (15.1%) in the year as well.

The Creta, launched in July 2015, became a true game-changer for the company in India and took the SUV market by storm. With average monthly sales of around 7,000 units, the Creta was a regular feature among the top 10 most sold cars in the country throughout the year and established Hyundai as a force to reckon with in the fast growing SUV market in India.