Hyundai Registers Record Sales In India In 2017

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Hyundai Registers Record Sales In India In 2017

Posted on : Monday 1st of January 2018

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Hyundai Motor India registered record sales of 5,27,320 Units and cumulative sales of 6,78,221 Units in the 2017 calendar year. Though 2017 saw the addition on facelifts and the new gen Verna, Hyundai has managed to surpass its set target. Compared to December 2016, Hyundai has been able to achieve a growth of 10 per cent and this is domestic sales and exports put together. The Verna has certainly boosted the company's sales in the past few months and even the Grand i10 as also the Creta continue on their strong growth streak.

YK Koo, MD & CEO, Hyundai Motor India Ltd. said, "The Calendar Year 2017 has been an Year of Performance for Hyundai Motor India Surpassing its Business Plan of 2017 registering highest-ever domestic volume of 5,27,320 units, a growth of 5.4% on strong performance of the newly launched Super Sedan Next Gen VERNA along with GRAND i10, ELITE i20 and CRETA. The positive momentum in Urban and Rural retail sales supported with strong After-Sales Service and Low-cost of ownership has gained customer confidence to become most loved and trusted brand in India."

The Verna, i20, Grand i10 and the Creta have been major contributors when it comes to volumes and it's this kind of product strategy that has helped the company grow year on year. In fact, Hyundai is the only company beside Maruti Suzuki, which has shown a strong growth streak.

Hyundai has been able to capture the more than ₹ 8 lakh segment in India with the Verna, Elantra and the Creta. Having consolidated its stand there, the company is now looking to bring in a new entry level car which will use the Santro moniker and we've already told you all about it. In fact by 2019, Hyundai also plans to address the sub-4 metre SUV segment with a car based on the Carlino concept which was showcased at the 2016 Auto Expo.

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