Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
BUSINESS

Hyundai Monthly Sales Rise 3% in November

The company reported a 3% YoY increase in total sales to 65,801 units for November 2023.

Hyundai Motor India, on 1 December, announced its sales for the month of November. The company reported a 3% year-on-year (YoY) increase in total sales to 65,801 units for November 2023 from 64,003 units sold in the same month last year.

The domestic wholesale of the company grew to 49,451 units, marking a 3% YoY increase from 48,002 units recorded in November 2022. The export sales of the company saw a marginal growth to 16,350 in November 2023 from 16,001 recorded in the same month last year.

Tarun Garg, COO of Hyundai Motors India, said, “With encouraging customer response leading to higher retail sales during the festival season, our dealer network stock is at a very optimum level of 3 weeks. As the Hyundai family, we are well-prepared to end a very successful CY23 on a high and welcome CY24 on a positive note.”

Moreover, the SUV line-up of the company continues to exhibit strong momentum, contributing over 60% of overall sales.

Get Daily Prediction & Stocks Tips On Your Mobile