Hyundai Motor India Reports 15% YoY Growth in August Wholesales

1 Sep 2023 , 02:17 PM

Hyundai Motor India reported a 15 % year-on-year increase in wholesales for August, reaching a total of 71,435 units, up from 62,210 units in August last year. Domestic sales experienced a strong growth of 9 %, with 53,830 units sold in August 2023, compared to 49,510 units in the same period last year.

Exports saw a significant surge of 39 %, with 17,605 units exported in August 2023, compared to 12,700 units in August 2022. Tarun Garg, COO of Hyundai Motor India, highlighted that the sales figure of 71,435 units reflects the increasing acceptance of Hyundai’s products both domestically and in export markets.

Garg noted that the festival season in India has started positively with robust Onam sales in the Kerala market, signaling the festive spirit expected in other parts of the country in the upcoming months.

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