Hyundai India sales for July 2020 in domestic market stood at 38,200 units while exports stood at 3,100 units
Following a complete standstill, and passed opening since May 2020 onward, sales tickers are in the green in June in a MoM comparison. For Hyundai Motor India, July ‘20 domestic sales volume is 98 percent of Jul ‘19 sales.
Cumulative sales is reported at 41,300 units – 38,200 units sold in the domestic market, and 3,100 units in export markets in July 2020. The numbers for July 2019 were reported at 39,010 units in domestic sales, 18,300 in exports, and cumulative sales of 57,310.
As exports depend on a range of factors, it’s safe to see that Covid-19 pandemic has affect the way the world works. And it’s difficult to gauge when such oppositions will bounce back. However as far as domestic sales is concerned, things are looking up. The noticeable and sharp decline in exports puts cumulative sales in decline.
While domestic sales decline is curbed at 2.07 percent at volume loss of 810 units. Exports fell by a massive 83.06 percent at 15,200 units volume loss. However in the current scenario of global business restrictions, these numbers are not representative or indicative. Overall, owing to export decline, cumulative sales decline is reported at 27.93 percent.
In regards to domestic sales, Hyundai India had reported YoY decline in July 2019 too at 10 percent, when volume declined from 43,481. While July 2020 is a situation like never before, traditionally PV sales during the month is partly influenced by monsoon. The start to this quarter isn’t one that that the automaker will have any complaints about keeping in mind the quarter before that was rocked by a quandary. The start to Q2 FY21 looks a lot more enthusiastic.
Creta, Venue Drive Domestic Sales
Hyundai India has in recent years realigned its market dominance with particular focus on its range of UVs, where the Creta is its highest volume product, followed by Venue. Earlier this week. the auto manufacturer reported that Hyundai Creta bookings had surpassed 55k.
This is especially astounding considering the vehicle was launched just before the country went into a compulsory, all encompassing lockdown. Despite the bleak reality, Hyundai Creta demand didn’t take a beating. New Creta sales has already surpassed 20k units. The numbers show a positive demand.
Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India Limited said, “As a responsible and caring organisation, it is our duty to humbly contribute towards triggering the country’s economic revival. With the changing trend of preference for personal mobility, our consistent efforts are towards fulfilling the customer needs and meeting the market demand. With 38 200 units, July’20 domestic sales volume is 98% of July’19 domestic sales volume. This performance was driven by good customer demand for our Most Admired Brands.”
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