Hyundai Records 7.3% Sales Decline In India In June 2019

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With cumulative sales of 58,807 units in June 2019, Hyundai registered a YoY de-growth of 3.2 per cent

Hyundai Motor India Limited (HMIL) has today released its monthly sales data and it shows that the second largest automaker in the country is not an exception from the negative circumstances prevailing in the automotive industry. The general sales trend of continuous de-growth among carmakers in the last several months did not change in June 2019.

Last month, Hyundai sold just over 42,000 units in the domestic market and compared to the same time during 2018, it endured a sales decline of 7.3 per cent as 45,314 units were retailed during that period. However, the exports showed a shy of relief for the South Korean manufacturer. Hyundai shipped 16,800 units abroad in June 2019 as against 15,408 units in the corresponding month last year.

This resulted in 9 per cent YoY sales growth. Combining both domestic sales and exported units, Hyundai’s cumulative sales stood at 58,807 units, as against 60,722 units in June 2018 with 3.2 per cent sales drop. It is worth noting that Hyundai exports to around 91 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific.

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The sales decline comes on the back of Hyundai launching a brand new product on May 21 as the Venue entered the sub-four-metre SUV segment with huge anticipation. In its first month, the Venue garnered over 7,000 unit sales and displaced Tata Nexon from the second position in the monthly sales chart.

The bookings for the Venue soared to more than 33,000 in no time and just on its first day of official pre-ordering, Hyundai received 2,000 reservations. It will be interesting to see the impact it made when individual sales numbers arrive as the Venue is expected to give a strong fight to the segment-leading Maruti Suzuki Vitara Brezza.

The Venue has an aggressive starting price of Rs. 6.50 lakh for the entry-level 1.2L E MT and it goes all the way up to Rs. 11.10 lakh for the range-topping 1.0L SX+ DCT variant. The five-seater SUV is sold in three engine choices: a 1.0-litre turbocharged petrol, a 1.2-litre naturally aspirated petrol and a 1.4-litre turbo diesel.

The smaller turbo engine develops 120 PS and 172 Nm while the 1.2-litre petrol produces 83 PS and 115 Nm and the 1.4-litre diesel makes 90 PS and 220 Nm.