Hyundai Domestic Market

Hyundai Motor India Ltd on Sunday reported a 12.6 per cent year-on-year increase in total sales to 66,134 units in February 2026. Domestic sales grew 9.8 per cent to 52,407 units in February, and exports surged 24.8 per cent to 13,727 units, Hyundai Motor India Ltd (HMIL) said in a regulatory filing. This is HMIL's highest-ever tally for total and domestic sales for February since its inception, the company added. HMIL MD and CEO Tarun Garg said, "We kicked off 2026 on a high note, achieving our highest-ever monthly sales in January, and the momentum continues in February". As the company approaches completing 30 years in India, he said, "Our ambition is very clear, to make cutting-edge connected technology accessible to all while elevating every ownership experience and carrying the spirit of Hyundai from India to the world".

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Korean car maker Hyundai, which has lost its position as the country's largest car exporter to Ford, will re-work its growth strategy to continuously expand volumes in domestic market. Unlike most other car makers, who are sitting on a surplus capacity, the second biggest car maker, is facing a capacity constraint. It is yet to take a call on setting up a new manufacturing facility in India."We are conscious of the growth of Indian market. We will continue to rework our production plans with a high focus on the domestic market. We will tweak the domestic and export strategy so that we do not lose volume or market share in India," said Rakesh Srivastava, director (sales & marketing) at Hyundai Motor India. The company, which has a 17 per cent share in domestic passenger vehicle market, is operating its plants at a 99 per cent capacity and has little headroom to expand production. It will therefore have to sacrifice export growth in favour of domestic market. "I will react as the ...