Hyundai Motor India’s monthly sales cross 50,000 units for the third time this year

Hyundai Motor India has clocked wholesales of 50,001 units in June 2023, which translates into 1,000 units more than a year ago and marginal 2% year-on-year growth (June 2022: 49,001 units).

With this performance, the Chennai-based car and SUV manufacturer has recorded monthly sales of 50,000 units for the third time in the year to date, after January (50,106 units) and March (50,600 units). This takes its first-half (January-June 2023) calendar year sales to 296,010 units, up 10.46% over year-ago sales (January-June 2022: 267,967 units).

However, when seen quarter on quarter, Q2 CY2023 (April-June 2023) sales of 148,303 units are flat – only 0.40% up on Q1 CY2023’s sales of 147,707 units.

Commenting on the June 2023 sales, Tarun Garg, COO, Hyundai Motor India, said:  There is a positive customer traction for all our products and the Hyundai Verna, Creta and Tucson have attained leadership positions in their respective segments in the first half of CY2023. The growing excitement amongst our customers for our upcoming SUV, the Hyundai Exter is truly exhilarating and we look forward to introducing this benchmark SUV in India soon."

While the Creta continues to lead the midsize SUV market in India with 28,635 units sold in April-May 2023 (up 21% YoY), the new Verna is also seeing good customer demand – 7,688 units (up 238% YoY).  Meanwhile, the compact Venue SUV with 20,555 units has seen 23% YoY growth in the first two months of FY2024.

Hyundai, which is set to launch its latest product – the Exter – on July 10, will be looking to grab a slice of the segment with the mini-SUV which gets petrol and petrol-CNG powertrain options and segment-first features like a sunroof and a dashcam.