Gurugram: Hyundai Motor India Ltd. (HMIL), a prominent player in India’s automotive market, has announced its sales figures for August 2023. The company registered a total of 71,435 units in sales, demonstrating strong performance in both the domestic and export markets.
August 2023 Sales Performance
In August 2023, Hyundai Motor India recorded cumulative sales of 71,435 units, encompassing both domestic and export sales. Here is a breakdown of the figures:
Domestic Sales: 53,830 units
Export Sales: 17,605 units
This sales performance highlights the company’s consistent efforts in catering to the diverse demands of its customers across India and global markets.
Year-on-Year Growth
The table below provides a year-on-year comparison of Hyundai Motor India’s sales for August:
| Sales Category | August 2023 | August 2022 | Channge |
| Domestic Sales | 53,830 units | 49,510 units | 8.72% |
| Export Sales | 17,605 units | 12,700 units | 38.62% |
| Cumulative Sales | 71,435 units | 62,210 units | 14.82% |
Industry Insights
Commenting on the sales numbers for August 2023, Tarun Garg, COO, Hyundai Motor India Ltd., noted that these figures reflect the increasing acceptance of Hyundai’s products in both domestic and export markets. He highlighted the positive start to the festival season in India, with strong sales during Onam in the Kerala market, indicating the festive spirit that is expected to prevail in various parts of the country in the coming months.
Garg also emphasized the robust demand for SUVs in Hyundai’s portfolio, with SUVs contributing to more than 60% of the company’s domestic sales in August. He mentioned the continued excitement among customers for the Hyundai EXTER model, with over 65,000 bookings received by HMIL to date.
Hyundai Motor India Ltd. (HMIL), a subsidiary of Hyundai Motor Company (HMC), has positioned itself as a prominent player in India’s automotive landscape. As a smart mobility solutions provider, it has consistently been the largest car exporter in India since its inception.
Furthermore, Hyundai Motor India Ltd. plays a vital role in HMC’s global export hub, with exports reaching 88 countries across various regions, including Africa, the Middle East, Latin America, Australia, and Asia Pacific.