Home Business Hyundai sales up in India and Korea, down in global market

Hyundai sales up in India and Korea, down in global market

by BQ News Bureau
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Hyundai Motor Company has announced that it had sold 312,990 units in August registering a 14.2 per cent decrease when compared to the sale of the corresponding period last year. The decrease mainly stems from the slowdown in economic activities resulting from COVID-19 pandemic.

Sales in Korea, Hyundai’s home market, rose to 3.2 per cent year-over-year to 54,590 units. Popular models such as Grandeur Sedan continue to lead domestic sales with 10,235 units. The strong performance of Genesis luxury brand, with the G80 sedan and GV80, also helped to maintain sales momentum in Korea.

In the overseas markets, Hyundai recorded sales of 258,400 units, a 17.1-per cent decrease from a year earlier, mainly owing to economic downturn.

Hyundai Motor will continue to proactively manage risks and minimize the business impact of COVID-19. The company is implementing various measures to take care of its customers, such as extending warranty periods and launching new models online, its report said.

However, Hyundai Motor India recorded a 20 per cent year-on-year growth in domestic sales at 45,809 units in August. It sold 38,205 units in the same month last year. But it fell by 61.8 per cent in August at 6,800 units compared to 17,800 units in August in the last fiscal. On the whole, Hyundai Motor sold 52,609 units in this month compared to 56,005 units sold in the corresponding period in 2019.

 

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