Combined sales of both companies top 250,000 units for the first time
“Result of building a locally tailored SUV lineup”
View of the Hyundai Motor Company and Kia headquarters buildings in Yangjae-dong, Seocho-gu, Seoul. News1
Hyundai Motor Company and Kia achieved record-high quarterly results in the Indian market in the first quarter (January–March) of this year.
According to the Society of Indian Automobile Manufacturers (SIAM) and other sources on the 19th, Hyundai’s sales volume in the Indian market in the first quarter of this year reached 166,578 units, an 8.5% increase from the same period last year (153,550 units). This is the highest quarterly figure since Hyundai entered India in 1996. Hyundai has shown steady growth in India, selling 505,000 vehicles in 2021, 553,000 in 2022, 602,000 in 2023, and 605,000 in 2024. Although sales fell to 572,000 units last year, the company rebounded by posting a record first-quarter performance this year.
Kia also sold 84,325 units locally in the first quarter of this year, an 11.6% increase in sales volume compared with the same period a year earlier (75,576 units). This too is the company’s highest quarterly sales volume. In India, Kia sold 182,000 units in 2021, 255,000 in 2022, 256,000 in 2023, 245,000 in 2024, and 280,000 units last year.
The industry assesses that, at this pace, combined annual sales of the two companies in the Indian market could surpass 1 million units this year. Hyundai and Kia have built their sales lineups around sport utility vehicles (SUVs) that are highly preferred by local customers in India, such as the i20, Seltos and Sonet.
An industry official said, “They have a lineup ranging from small to large models and also operate local production plants, which provides conditions for both production and sales volumes to continue to rise.”
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