Hyundai Sells Over 500,000 Cars in India Again
Hyundai sold more than 500,000 cars in India for the third straight year. According to the automaker, cumulative sales in India from January to November already totaled 507,909, while total sales in 2016 stood at 500,537 and in 2017 at 527,320.
Hyundai has to sell just 20,000 more cars to set a new record, and on average it sells 40,000-50,000 a month.
The brisk sales have been led by the Grand i10 and i20 compact hatchbacks and Creta small SUV, while the Santro subcompact, which was brought back in late October after going out of production in 2015, has been receiving good response with some 40,000 sold in just over a month.
Hyundai entered the Indian auto market in 1998, which has grown seven to eight percent each year since 2015 to become the world’s fourth largest. The Korean giant plans to invest US$1 billion in its operations there and boost the number of models available to nine by 2020.
It will increase production volume in India by 100,000 cars in the second half of next year when affiliate Kia’s new plant in the state of Andhra Pradesh is complete.