Hyundai Motor India Reports 4.3% Drop in August Sales, Exports Show Strong Growth
Hyundai Motor India Limited (HMIL) reported total sales of 60,501 units in August, a 4.3% decrease from the previous year. Domestic sales were 44,001 units, while exports reached 16,500 units. Despite the overall decline, exports saw a significant 21% year-on-year growth. HMIL aims to establish India as Hyundai's largest export hub outside South Korea, supporting the 'Make in India' and 'Atmanirbhar Bharat' initiatives. The company has already exported 118,840 units from January to August, reinforcing its position as a global manufacturing hub for Hyundai Motor Company.

*this image is generated using AI for illustrative purposes only.
Hyundai Motor India Limited (HMIL) has released its sales figures for August, revealing a slight decline in overall sales compared to the same period last year. Despite the dip, the company's export performance shows promising growth, aligning with India's 'Make-in-India' initiative.
August Sales Performance
Hyundai Motor reported total sales of 60,501 units in August, representing a 4.3% decrease from the 63,200 units sold in the same month of the previous year. The sales figures can be broken down as follows:
Category | Units |
---|---|
Domestic Sales | 44,001 |
Exports | 16,500 |
Total | 60,501 |
Export Growth Highlights
While overall sales saw a slight decline, Hyundai's export performance stood out as a bright spot. The company reported a robust 21% year-on-year growth in exports for August. This surge in international shipments underscores Hyundai's commitment to establishing India as a key manufacturing hub for global markets.
Strategic Focus on Exports
Mr. Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, commented on the company's performance, emphasizing their pride in the 'Make in India' initiative. He stated, "Our goal is to establish India as a strategic manufacturing base for emerging economies and to become Hyundai's largest export hub outside South Korea."
Garg further added, "By synergizing world-class manufacturing technologies with the supremely skilled Indian workforce, we continue to play a pivotal role in supporting Government of India's 'Atmanirbhar Bharat' initiative."
Year-to-Date Export Performance
The strong August export figures contribute to an impressive year-to-date performance. HMIL has already exported 118,840 units during the January to August period, further solidifying its position as a global manufacturing hub for Hyundai Motor Company.
Outlook
While the domestic market showed a slight contraction, Hyundai's focus on exports appears to be paying dividends. The company's strategy aligns well with India's push for self-reliance and increased manufacturing prowess on the global stage. As Hyundai continues to leverage India's skilled workforce and manufacturing capabilities, it will be interesting to see how this balance between domestic sales and exports evolves in the coming months.
Hyundai Motor India Limited remains committed to delivering world-class, value-driven products tailored for both domestic and global markets, reinforcing its role in India's automotive sector and export landscape.
Historical Stock Returns for Hyundai Motor India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+2.37% | +3.02% | +14.89% | +48.36% | +38.22% | 0.0% |