Hyundai Motor India Registers Highest Ever Annual Total Sales since inception of 7.20 Lakh Units in FY 2022-2023

  • Hyundai Motor India registered the highest-ever Domestic sales of 5.68 lakh units in FY 22-23 with a YOY growth of 17.9%. Marquee Hyundai models like CRETA, VENUE, ALCAZAR, TUCSON, AURA, and Grand i10 NIOS, all registered their highest-ever annual numbers in FY 22-23
  • Robust export performance of over 1.5 Lakhs units in FY 22-23, with a YOY growth of 18.4%
  • Total Sales of 61 500 Units (Domestic: 50 600 units & Exports: 10 900 units) in March 2023

Gurugram, April 01, 2023: Hyundai Motor India Ltd., India’s first smart mobility solutions provider and the largest exporter since inception, has once again cemented its position as a leading player in the Indian automobile industry by achieving the highest-ever annual total sales volume  (Domestic plus exports) of 7 20 565 units in FY 22-23 with a YOY growth of 18.0%. The Domestic sales volume of 5 67 546 was also the highest since inception backed by the highest ever annual numbers clocked by each of the marquee models like Creta, New Venue, Alcazar, Tucson, Aura, and Grand i10 Nios.

Commenting on FY 2023 performance, Mr. Tarun Garg, Chief Operating Officer, Hyundai Motor India Limited, said, “FY 22-23 has been a phenomenal year for Hyundai Motor India, as we introduced 7 segment-defining products like the all-new Hyundai TUCSON, New Venue, Venue N Line, All electric IONIQ 5, New Grand i10 NIOS, New AURA, and the all-new Hyundai VERNA catering to different segments thus giving a strong push to brand Hyundai amongst New-Age Indian Customers. Despite Global Headwinds, we see momentum in the Indian Auto Industry backed by a strong India Growth story led by Gen MZ.”

FY Sales

HMIL Sales FY 22-23 FY 21-22 Growth
Domestic 5 67 546 4 81 500 17.9%
Exports 1 53 019 1 29 260 18.4%
Cumulative 7 20 565 6 10 760 18.0%

 March Sales

HMIL Sales March 23 March 22 Growth
Domestic 50 600 44 600 13.5%
Exports 10 900 10 687 2%
Cumulative 61 500 55 287 11.2%

About HMIL

Hyundai Motor Company owns all of the shares of Hyundai Motor India Limited (HMIL) (HMC). HMIL was the first company in India to offer smart mobility solutions, and it has been the country’s top car exporter ever since it began. It has 12 different car models, including the Grand i10 NIOS, the All-New i20, the i20 N Line, the AURA, the VENUE, the VENUE N Line, the futuristic New VERNA, the All-New CRETA, the ALCAZAR, the New TUCSON, the KONA Electric, and the All-Electric SUV IONIQ 5. The HMIL manufacturing plant near Chennai is a fully integrated, state-of-the-art facility with advanced production, quality, and testing tools.

HMIL is an important part of the global export hub that HMC runs. At the moment, it ships goods to about 85 countries in Africa, the Middle East, Latin America, Australia, and the Asia-Pacific region. HMIL has 1336 sales points and 1498 service points all over India to help with its plans for growth and expansion.

Hyundai has a modern, multimillion-dollar research and development (R&D) facility in Hyderabad. This is part of its plan to give customers access to the best technology in the world. The goal of the R&D center is to be a world-class center for automobile engineering.

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