Hyundai India registers 9.3% domestic growth in Jan - exports fall sharply

The Korean carmaker registered a strong sale of 38,016 units in India while the export numbers dipped by a sweeping 37.9 per cent.

Riding on the back of the success of its best-seller Elite i20 and the compact SUV Creta, Hyundai has posted a 9.3 per cent y-o-y domestic growth for the month of January. While the sales for Hyundai India have gone up in the first month of the year, the cumulative figures for the Korean manufacturer have gone down as a result of the y-o-y deficiency in its exports.

The largest passenger car exporter in India registered domestic sales of 38,016 units in January 2016 as compared to 34,780 units sold in January 2015. However, there is a stark contrast in the export figures from last year with a drastic 37.9 per cent fall from 10,003 to 6,214 units this year. The fall in exports clearly affected the cumulative figures that witnessed a slight negative of 1.2 per cent. The overall figures for Hyundai in India for January stood at 44,230 against 44,783 units sold by the company last year.

The downfall in exports was a result of the production challenges being faced by the Chennai plant of the Korean automaker. The impact of the floods is yet to fade away while the production capacity of the plant is also unable to meet global demands. The manufacturer is set to expand its production facilities in India to cease the fall in its numbers.

With the Auto Expo also approaching, speculations are also rife about the new cars that Hyundai could roll out for India. The Tucson will definitely be a headline grabber while an MPV might also be on the cards.

Commenting on the January figures, Rakesh Srivastava, Sr. Vice President Sales and Marketing, Hyundai Motor India Ltd., said, “Hyundai started the year with a positive note registering the domestic volume of 38,016 units with a growth of 9.3% over last year. The growth momentum of last year continued built by strong performance of products like Grand, Creta & i20 Elite/Active.”

We look forward to presenting the Hyundai Experience at the Auto Expo through our products & technology towards meeting the growing aspirations of the Customers,” he added.

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