Auto Sales February 2022: Hyundai India Records 14.60 Per Cent Decline In Domestic Sales
Highlights
- Hyundai Motor India sold 53,159 units last month.
- It sold 44,050 units in the domestic market.
- It exported 9,109 units last month.
The semiconductor chip shortage continues to play spoilsport for carmakers in India as it continues to take a toll on production and in-turn on sales. Hyundai Motor India Limited (HMIL) has reported a sales decline of 14 per cent in February 2022 selling 53,159 units as compared to 61,800 units sold in the same month a year ago. The Korean carmaker reported a de-growth of 14.60 per cent in its domestic sales at 44,050 units compared to 51,600 units sold in the same month last year. Its exports too went down by 10.70 per cent at 9,109 units as against 51,600 units sold in the same month a year ago.
Also Read: Hyundai To Invest $530 Million To Launch Six EVs In India By 2028
The company issued a statement saying, "As the industry continues to grapple with semiconductor shortage situation, Hyundai along with its partners is continuously exploring alternatives to ensure customers can take delivery of their most loved Hyundai cars at the earliest."
Also Read: Hyundai Motor Expects Vehicle Production To Rebound In H1 As Chip Supply Improves
Having said that, Hyundai's month-on-month sales growth in the domestic market remained flat as it sold 44,022 units last month. The carmaker has also managed to remain at the number two spot in February as Tata Motors stood third selling 39,981 units last month. Hyundai Motor India had slipped to the third spot in December last year in terms of domestic sales, but had managed to reclaim its position In January despite Tata Motors clocking its highest ever sales in January 2022.
Last Updated on March 2, 2022
Related Articles
Latest News
Popular Hyundai Models
- Hyundai CretaEx-Showroom Price₹ 11 - 20.15 Lakh
- Hyundai ExterEx-Showroom Price₹ 6.13 - 10.43 Lakh
- Hyundai Elite i20Ex-Showroom Price₹ 7.04 - 11.21 Lakh
- Hyundai VenueEx-Showroom Price₹ 7.94 - 13.48 Lakh
- Hyundai VernaEx-Showroom Price₹ 11 - 17.42 Lakh
- Hyundai Grand i10 NiosEx-Showroom Price₹ 5.92 - 8.56 Lakh
- Hyundai TucsonEx-Showroom Price₹ 29.02 - 35.94 Lakh
- Hyundai Creta N LineEx-Showroom Price₹ 16.82 - 20.91 Lakh
- Hyundai New SantroEx-Showroom Price₹ 4.87 - 6.45 Lakh
- Hyundai AlcazarEx-Showroom Price₹ 14.99 - 21.55 Lakh
- Hyundai Ioniq 5Ex-Showroom Price₹ 44.95 Lakh
- Hyundai AuraEx-Showroom Price₹ 6.49 - 9.05 Lakh
- Hyundai i20 N LineEx-Showroom Price₹ 10 - 12.47 Lakh
- Hyundai Venue N LineEx-Showroom Price₹ 12.08 - 13.9 Lakh