Hyundai Motor India's Sales Decline in June Amid Export Slump

Hyundai Motor India reported a 1 per cent decline in total wholesales for June, with domestic sales remaining largely flat and exports dropping by 6 per cent. Despite the monthly downturn, the company achieved an overall sales growth of 5.68 per cent for the first half of CY2024.

Hyundai Motor India announced a 1 per cent decline in total wholesales for June, amounting to 64,803 units. This figure contrasts with the 65,601 units dispatched to dealers in the same month last year.

Domestic sales held steady at 50,103 units, marginally up from 50,001 units in June 2022, the company disclosed in a recent statement.

However, exports saw a 6 per cent decrease, dropping to 14,700 units compared to 15,600 units in the year-ago period. ''We closed H1 of CY2024 with an overall sales growth of 5.68 per cent year-on-year. SUVs have contributed strongly, accounting for 66 per cent of our domestic sales,'' noted Hyundai Motor India COO, Tarun Garg. The company's total sales for January-June stood at 3,85,772 units, up from 3,65,030 units during the same period last year.

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