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Hyundai posts double-digit gross sales development in 2021; expects to maintain momentum in 2022

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Hyundai Motor India expects strong gross sales to proceed in 2022 as properly with varied constructive components, like enchancment within the availability of semiconductors, aiding the enterprise development. The nation’s second-largest passenger car maker reported double-digit development in complete wholesales final 12 months as in contrast with 2020.

“We’re coming into 2022 with cautious optimism. There are extra positives than negatives and we want to a greater 12 months with a lot of the shopper reserving backlog. Apart from, our product line-up is refreshed,” Hyundai Motor India Director (Gross sales, Advertising and Service) Tarun Garg stated.

He famous that gross sales of the CNG trims additionally proceed to extend year-on-year.

“Whereas there are challenges by way of Omicron however on the identical time, there are such a lot of issues to sit up for,” Garg stated.

Low rates of interest, estimates of sturdy GDP development and tempo of vaccination are among the positives, he said.

The corporate’s complete dispatches rose 21.6 per cent in 2021 to six,35,413 models as in contrast with 5,22,542 models in 2020.

The automaker reported gross sales of 5,05,033 models within the home market final 12 months, up 19.2 per cent from 4,23,642 models in 2020.

Equally, exports rose to 1,30,380 models final 12 months as in contrast with 98,900 models in 2020.

In December, nevertheless, the automaker reported a drop of 26.6 per cent within the complete wholesales at 48,933 models as in opposition to 66,750 models in December 2020.

Home dispatches dropped 31.8 per cent to 32,312 models as in opposition to 47,400 models in the identical month final 12 months.

Exports stood at 16,621 models as in opposition to 19,350 models in December 2020.

“The Indian market has been evolving quickly, with discerning new-age prospects making good mobility decisions that resonate with the corporate’s gross sales development final 12 months,” Garg stated.

Regardless of key element provide constraints, the automaker has managed challenges to make sure easy deliveries of fashions, he added.


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