On a month-on-month (MoM) basis, Hyundai Motor India still registered a growth of 11.88 percent in the domestic market.
see photosHyundai Motor India posted a decline of 34.6 per cent in the domestic market.
Hyundai Motor India has reported a 36.7 per cent decline in sales at 43,556 units in October 2021 as compared to 68,835 units sold in the same month last year. The company sold 37,021 units in the domestic market, registering a decline of 34.6 per cent as compared to 56,605 units sold a year ago. The carmaker exported 6,535 units to the overseas market as compared to 12,230 units sold in the same month a year ago, registering a year-on-year (YoY) decline of 46.6 per cent.
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Hyundai Motor India also registered a sharp decline in exports.
The decline in sales is mainly attributed to the semiconductor shortage issue which has disrupted not only the Indian auto industry, but the entire auto sector globally. In its official statement, the company said, “The global semi-conductor supply constraint remains a challenge resulting in reduced production across the industry.” So the declining sales is mainly due to production cuts due to semiconductor shortage issue.
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The drop in sales is attributed to the semiconductor shortage issue.
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Hyundai Motor India has registered a 34.2 per cent decline in sales in the domestic market at 33,087 units in September 2021 as compared to 50,313 units sold in the same month last year. The company’s exports for the same month increased by 32.3 per cent to 12,704 units as against 9,600 units in the same month a year ago. Hence on a month-on-month (MoM) basis, the Korean carmaker still registered a growth of 11.88 per cent in the domestic market.
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