Auto Sales February 2022: Hyundai India Records 14.60 Per Cent Decline In Domestic Sales

Hyundai Motor India Limited (HMIL) has reported a gross sales decline of 14 per cent in February 2022 promoting 53,159 models as in comparison with 61,800 models bought in the identical month a yr in the past.

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Hyundai Motor India bought 53,159 models final month.

The semiconductor chip scarcity continues to play spoilsport for carmakers in India because it continues to take a toll on manufacturing and in-turn on gross sales. Hyundai Motor India Limited (HMIL) has reported a gross sales decline of 14 per cent in February 2022 promoting 53,159 models as in comparison with 61,800 models bought in the identical month a yr in the past. The Korean carmaker reported a de-growth of 14.60 per cent in its home gross sales at 44,050 models in comparison with 51,600 models bought in the identical month final yr. Its exports too went down by 10.70 per cent at 9,109 models as in opposition to 51,600 models bought in the identical month a yr in the past.

Also Read: Hyundai To Invest $530 Million To Launch Six EVs In India By 2028

The firm issued an announcement saying, “As the industry continues to grapple with semiconductor shortage situation, Hyundai along with its partners is continuously exploring alternatives to ensure customers can take delivery of their most loved Hyundai cars at the earliest.”

Also Read: Hyundai Motor Expects Vehicle Production To Rebound In H1 As Chip Supply Improves

Hyundai Motor India is going through challenges to maintain up with the manufacturing as a result of semiconductor situation.

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Having stated that, Hyundai’s month-on-month gross sales development within the home market remained flat because it bought 44,022 models final month. The carmaker has additionally managed to stay on the quantity two spot in February as Tata Motors stood third promoting 39,981 models final month. Hyundai Motor India had slipped to the third spot in December final yr by way of home gross sales, however had managed to reclaim its place in January regardless of Tata Motors clocking its highest ever gross sales in January 2022.

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