Hyundai Motor India sales hit record 567,546 units in FY2023, exports also rise 18%
Hyundai Motor India records best-ever domestic market sales in a fiscal year, improves upon best-ever calendar year sales of 552,511 units in CY2022.
In what has been a record fiscal for passenger vehicle sales in India, it is but natural that the No. 2 industry player will also register strong double-digit growth in FY2023. Hyundai Motor India has achieved that on both fronts – domestic market sales as well as exports. And, interestingly with matching year-on-year growth: 18 percent.
The Chennai-based Korean carmaker, which retails a total of nine products in India – five SUVs (Creta, Venue, Alcazar, Tucson, Kona), two hatchbacks (i10 Grand, i20 Elite) and two sedans (Verna, Xcent /Aura) – sold a total of 567,546 units, up 18% (FY2022: 481,500 units). This performance is its best-ever in a fiscal year in the domestic market, beating the previous best of 545,243 in FY2019 (see 10-year sales table below). March 2023 wholesales of 50,600 units were also its best in the past 12 months.
According to the company, key contributors to growth in FY2023 were Hyundai’s longstanding best-seller, the Creta, along with the Venue compact SUV, Alcazar and Tucson midsize SUVs, Aura sedan and Grand i10 Nios hatchback. All six models recorded their best-ever fiscal year sales albeit the company has not provided specific model-wise data.
On the export front, Hyundai Motor India shipped a total of 153,019 units. While this constitutes an 18.4% increase on FY2022’s 129,260 units, it is still considerably below the company’s best export performances – 259,811 units in FY2013 and 233,620 units in FY2014. Now, it is learnt that Hyundai Motor India has been tasked with global shipments of the new sixth-gen Verna, which should help accelerate the company’s exports in FY2024.
Maruti Suzuki to launch new premium MPV on July 5
Based on the Toyota Innova Hycross, Maruti Suzuki's new MPV will sit at the top of its line-up and is expected to be its...
IndianOil launches new Servo Hypersport F5 motorcycle engine oil
New-generation fully synthetic multigrade lubricant designed for use on all bikes including the latest models complying ...
Maruti Suzuki launches Jimny SUV, priced at Rs 12.74 - 15.05 lakh
The Jimny uses Maruti’s older K15B engine unlike the newer models that get the K15C engine.