- The domestic sales were up by just 0.6 per cent YoY in January 2019.
- Sold 45,803 units in the domestic market.
The industry-wide slow moving sales in January became more apparent after Hyundai – the second largest car manufacturer in India – recorded YoY sales growth of just 0.6 per cent. The Korean carmaker sold 45,803 units in the month of January 2019 compared to 45,508 units in the same month last year.
Commenting on the sluggish sales performance, Vikas Jain, national sales head, HMIL, said, “January 2019 started on a cautious note however, Hyundai Motor India registered all model growth on account of the strong performance by Santro, Grand i10, Elite i20, Creta And Verna. The government has announced many people-oriented schemes with a focus towards rural economy during the Interim Budget 2019-20 and we expect this will give positive impetus to the customer sentiments and business environment”.
Introduced in October last year, the resurrected Hyundai Santro was expected to boost the carmaker’s sale figures and it did receive an overwhelming initial response. However, Hyundai’s popular models (Grand i10, Elite i20 and the Creta) performed better than the Santro in the month of January.