Hyundai Motor set to achieve 60% of total sales from SUVs
With models like Creta and the newly launched Exter accelerating the growth, says Tarun Garg, COO
image for illustrative purpose
New Delhi Hyundai Motor India Ltd is on track to achieving 60 per cent of its total domestic sales from SUVs this year with models like Creta and the newly launched Exter accelerating the growth, according to company COO Tarun Garg.
With exports accelerating in the last three months, the company is also confident of sustaining its overseas shipments momentum despite concerns over global geopolitical situation. “We will end up with more than 60 per cent at the end of the year which is what we said at the beginning of the year...We are now almost reaching there,” Garg told PTI. He was responding to a query on how much would SUVs contribute to the company’s overall sales considering the traction its models have witnessed in the market. He further said,”For us the good thing has been that SUV contribution has moved to 63 per cent in October and year-to-date at 59 per cent as against industry SUV percentage of 48 per cent. So that has really helped us to outperform the industry in terms of January to October numbers.” Hyundai Motor India Ltd (HMIL) clocked total sales of 68,728 units in October 2023 as compared to 58,006 units in the same month a year ago, a growth of 18.48 per cent.
