Car News Hyundai

Hyundai India registers 12.9% sales growth in July 2016

 
Hyundai Creta 1st Anniversary

Good monsoons, low inflation, reduced interest rates and dropping fuel prices drove the sales up for Hyundai.

Thanks to the strong performance of the Creta, i20 and Grand i10, Hyundai India has registered a growth of 12.9% in the domestic market in the month of July 2016. The company’s cumulative sales witnessed a growth of 10%.

In terms of numbers, Hyundai India dispatched 41,201 units in the domestic market as against 36,503 units in July 2015. The South Korean automaker exported 14,606 units last month as against 13,908 units during the same period last year, a 5% increase.

Best selling cars in India Hyundai Elite i20

Hyundai is reported to be readying an automatic version of the Elite i20.

The cumulative sales for the month of July 2016 stood at 55,807 units as against previous July’s 50,411 units. The company is approaching the festive season with the hope of boosting its sales volumes further.

A recent report suggested that Hyundai has sent an email to the dealer principals notifying them about the impending price hike of the Creta to the tune of INR 15,000. The price hike will be effective from September 1. Hyundai India usually implements price hike across its portfolio in Q3 in a bid to take into account rising input costs.

Hyundai Creta sales

The Creta is continuing its strong show.

Also read – Hyundai i20 Automatic in the works

Speaking of input costs, the automakers have been suffering from soaring prices of steel, natural rubber, aluminium, and copper. So, there is a rich chance that Hyundai India will increase the price tags across its lineup during the festive season.

Hyundai Creta 1st Anniversary Edition – Photos

 

About the author

Nithyanandh Karuppaswamy

Winner of national level automotive quiz competitions, Nithyanandh aka Nithz jumped into the blogosphere right after gaining a degree in Mechanical Engineering. Love for automobiles and an even greater drive to share his knowledge with the automotive community, Nithz is Deputy Editor at RushLane.

Email - nithyanandh@rushlane.com