Hyundai is making waves in the Indian automobile market, and their August 2023 sales figures prove it. As India’s pioneer in smart mobility solutions and a consistent export leader, the carmaker reported a total sales of 71,435 units last month. This includes 53,830 units sold within the country and an additional 17,605 units sent to international markets.
The Sales Analysis
July 2023 vs. August 2023 (MoM): The momentum from July kept going strong in August, with a fantastic 6.17% growth in domestic sales. That’s an extra 3,129 units sold within the country. Hyundai offers a range of cars and SUVs in the domestic market, including Creta, Venue, Exter, Alcazar, Tucson, Verna, i10 NIOS, i20, and more. But that’s not all – Hyundai’s exports for August 2023 were exceptionally robust, with an impressive 38.51% increase compared to August 2022.
August 2023 vs. August 2022 (YoY): Domestic sales saw a big boost, with an impressive 8.73% increase. That’s an extra 4,320 units sold compared to the same month last year. This clearly shows how Hyundai is not only maintaining but also growing its market share.
This means they shipped 4,895 more units overseas, proving that Hyundai’s appeal reaches around the world. Altogether, in August 2023, they sold a total of 71,435 units. That’s an impressive growth of 14.81% compared to August 2022. Hyundai is truly excelling, showing its knack for not just keeping but expanding its market share.
The Conclusion
To sum it up, Hyundai’s performance in August 2023 shows how it can meet the diverse needs of the Indian market and reach out to the world with strong exports. With the festive season approaching, they’re in a great position to build on this success and keep growing in the months ahead.
Official Statement
Commenting on the August 2023 sales numbers, Mr. Tarun Garg, COO, of Hyundai Motor India Ltd. said, “HMIL’s August 2023 sales number (Domestic plus Exports) of 71,435 units is a key indicator of an ever-growing acceptance of our products in both domestic and export markets. The festival season in India has kicked off on a positive note with strong Onam sales in the Kerala market and this is an indication of the festive fervour in other parts of the country in the coming months. Demand for SUVs in our portfolio remains robust, contributing more than 60% to our Domestic sales in August. EXTER continues to excite customers, with more than 65,000 bookings already received by HMIL so far.”