Hyundai Drives Success in India with 2.80% Growth in November 2023
New Delhi: In a spectacular display of automotive prowess, Hyundai Motor India achieved 2.80% growth in sales to 65,801 cars in November 2023. The domestic market performed excellently, witnessing a growth of 3.01% with 49,451 units proudly hitting the road.
Tarun Garg, COO, Hyundai Motor India Ltd, attributed the uptick to the excitement of the festive season, which resonated with customers, driving retail sales to new heights. Garg highlighted the strategic position of dealer stocks at 3-week levels, indicating a strong market readiness.
The driving force behind this success story was Hyundai’s SUV lineup, especially the Venue and Creta, which contributed over 60% of the total sales. Launched at the beginning of the year, the Exeter SUV proved to be a showstopper, garnering over 1 lakh bookings and leaving an indelible mark on domestic sales.
Hyundai’s export figures also increased, with 16,350 units shipped seeing a commendable growth of 2.18%. As Hyundai’s third-largest global market, India is expected to contribute 18.6% of the brand’s 2023 global sales.
As the year draws to a close, Hyundai Motor India finds itself in the driver’s seat, heading towards an extraordinary end to 2023 and getting ready for a promising start to 2024.
