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Hyundai Motors
Hyundai Motor India on Wednesday reported a 10 per cent year-on-year increase in total sales to 70,347 units in September. The company sold a total of 64,201 units in September 2024, the South Korean automaker said in a statement. Domestic dispatch of vehicles to dealers saw a marginal increase to 51,547 units last month from 51,101 units in the year-ago period, it added. Last month, its exports increased to 18,800 units compared to 13,100 units a year ago. "Post announcement of GST 2.0 reforms, HMIL is witnessing a synergetic alignment of both domestic and export markets now growing in tandem - a true double-engine growth," Hyundai Motor India Ltd (HMIL) COO Tarun Garg said. The company's domestic sales in September stood at 51,547 units, driven by vibrant festive demand and strong customer interest across all segments, he added. "We have also witnessed the highest-ever domestic SUV sales penetration in the history of the company at 72.4 per cent, with Creta scoring the highest-
With the GST rate cuts expected to bring domestic sales back on a growth path, Hyundai Motor India Ltd is looking to ride on a 'double engine' drive of accelerated sales in the home market and continued momentum in exports, according to a top company official. In the last six to eight months, when the domestic market was slightly sluggish, the company had pressed the accelerator on exports in contrast to the last few years when the focus was on meeting demand in India due to capacity constraints, Hyundai Motor India Ltd (HMIL) Whole-time Director and Chief Operating Officer Tarun Garg said in an interaction. The company's domestic sales in the April-August period this fiscal were down 11.2 per cent at 2,20,233 units as against 2,47,992 units in the same period last fiscal. On the other hand, exports in the April-August period this fiscal grew by 12.45 per cent at 80,740 units as compared to 71,800 units in the year-ago period. "We have been very strong in export, but in the last fe
Hyundai Motor India Ltd on Monday reported a 4.23 per cent decline in total sales at 60,501 units in August, as compared to the same month last year. The company had sold 63,175 units in the same month last year. August sales included 44,001 units in the domestic market and 16,500 units exports, Hyundai Motor India Ltd (HMIL) said in a statement. In the same month last year domestic sales were at 49,525 units and exports stood at 13,650 units. HMIL Whole-time Director and Chief Operating Officer Tarun Garg said the company's goal is to establish India as a strategic manufacturing base for emerging economies and to become Hyundai's largest export hub outside South Korea. "This ambition is gaining strong traction month-on-month. Our exports grew by an impressive 21 per cent year-on-year in August 2025," he said.
Hyundai Motor India on Tuesday said its total sales declined by 6 per cent year-on-year to 60,924 units in June. The company's total sales stood at 64,803 units in June last year, Hyundai Motor India Ltd (HMIL) said in a statement. The automaker said its dispatches to dealers in the domestic market declined 12 per cent to 44,024 units in June as compared with 50,103 units in the year-ago period. Exports stood at 16,900 units last month as against 14,700 units in June 2024. "In the domestic market, the geopolitical situation continued to affect the market sentiment," Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said in a statement. As the company comes closer to the beginning of production at the Talegaon plant, it remains cautiously optimistic about a gradual recovery of demand, supported by a reduction in repo rates and improving liquidity on account of a cut in CRR, he added. "We are closely watching the global geopolitical scenario and are committed to ...