Hyundai India sells over 48,000 units in July as Alcazar and Creta combine might1 min read . Updated: 01 Aug 2021, 03:13 PM IST
Hyundai expects positive growth momentum to continue in the Indian car market because of factors such as good monsoon rains and preference for personal mobility.
Hyundai Motor India on Sunday informed it had sold a total of 48,042 units of its passenger vehicles in the country in the month of July. The strong reception for the newly-launched Alcazar and the continuing momentum enjoyed by Creta have been primarily credited for the 25.8% year-on-year growth in sales figures.
Hyundai Alcazar has been received positively since it was launched as the company's first three-row SUV in the country on June 18. It managed to receive 11,000 bookings within a month since launch with the diesel motor being largely preferred. On the other end is the Creta SUV which has maintained its place of prominence, not just in its segment but in the Hyundai India product portfolio as well.
As such, Hyundai managed to up the sales figures last month from the 38,200 units sold in the same month of 2020.
Overall, Hyundai registered a 45.9% year-on-year growth between July of last year and last month and this is thanks to export numbers returning to some semblance of normalcy. The Korean car maker exported 12,207 units from its plant in Chennai last month, up from 3,100 in July of 2020. It is important to note here that whether domestic sales or export, a year-on-year comparison is only for reference as the Indian market conditions were and continue to be dictated by the Covid-19 pandemic.
Hyundai, however, is confident that the current recovery process is a good sign. "A positive growth momentum is clearly visible in the Passenger Vehicle Industry with the stabilization of macro-economic factors, good monsoons and increase in consumer shift towards personal mobility," said Tarun Garg, Director for Sales, Marketing and Service at Hyundai Motor India Limited.
Hyundai currently has as many as 11 products in its India garage. This includes Santro and Grand i10 on the one end and the likes of Venue, Verna, Creta, Alcazar and Tucson on the other. The company also continues to offer the Kona EV in the market