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Hyundai’s Month-on-Month (MoM) gross sales dropped by 29.01 per cent in November 2020 attributable to a excessive base in October, in the course of the festive season.
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Hyundai’s exports noticed a considerable dip of 34.6 per cent in November at 10,400 models
Hyundai Motor India has recorded a year-on-year gross sales progress of 9.4 per cent within the home market at 48,800 models as in comparison with 44,600 models which had been offered in the identical month final yr. However, the Korean carmaker’s exports noticed a considerable dip of 34.6 per cent in the identical month at 10,400 as in comparison with 15,900 models exported in the identical month final yr. Overall, the corporate has recorded a de-growth of two.1 per cent at 59,200 models as in comparison with 60,500 models offered in November 2019.
Also Read: Hyundai To Pay $ 54 Million Penalty In US For Defective Engines
Commenting on the robust November gross sales efficiency, Tarun Garg, Director (Sales, Marketing & Service), HMIL stated, “Building on the strong sales momentum that was driven by festive demand this year, Hyundai Motor India continues to build high customer excitement through a line-up of technologically advanced and futuristic products such as the all-new i20, Creta, Verna, Venue, Aura and Grand i10 Nios. As the smart Indian customer continues to make smart mobility choices, the recently introduced all-new i20 has helped carry forward the festive momentum even in the post Diwali period for HMIL and facilitated a sales growth of 9.4 per cent in November 2020 over same period last year.”
Also Read: New Hyundai i20 Bags 20,000 Bookings In 20 Days; Over 4,000 Units Delivered So Far
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However, Hyundai’s Month-on-Month (MoM) gross sales dropped by 29.01 per cent in November 2020 attributable to a excessive base in October. October – November was the festive season interval when retail gross sales are excessive. So usually automakers dispatch or wholesale extra volumes to dealerships a month earlier than the festive season interval (September and October on this yr’s case) in a bid to take care of their stock degree. Hyundai India had offered 68,835 models in October this yr.
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