Hyundai Car Sales May 2023 – Creta, Venue tops the List
Hyundai May 2023 sales are reported at 48,601 units, representing a growth of 14.91 percent. In May 2022, HMIL sold 42,293 units in the domestic market. This increase in sales volume amounts to a difference of 6,308 units. However, despite overall positive growth, there was a decline of 1,100 units in sales volume when comparing April 2023 (MoM). MoM sales fell from almost 50k units. It’s worth noting that although there was a decline in sales from April 2023 to May 2023, the year-on-year growth remains strong.
Growth could be attributed to factors such as new product launches, marketing initiatives, and customer preferences. Furthermore, Hyundai Exter CUV/ small car bookings are now open.
Regarding exports, Hyundai experienced a substantial increase in sales volume. In May 2023, they exported 11,000 units, showcasing significant growth of 22.63 percent compared to May 2022. A year earlier, HMIL exported 8,970 units. This accounts for a difference of 2,030 units. The higher growth rate in exports indicates demand for HMIL vehicles in international markets.
Growth in sales volume can be attributed to various factors, including product quality, brand reputation, competitive pricing, and effective outreach strategies. HMIL’s ability to adapt to changing market dynamics and customer preferences is a winner. And continues to drive its success in driving sales and expanding its market share/ sales growth.
