Hyundai Motor expects healthy sales during the upcoming festive season

Leading Automobile conglomerate  Hyundai Motor India expects healthy sales during the upcoming festive season which will be supported by pent-up demand in the coming months. The company maintains a cautious stance due to the ongoing pandemic.

According to the statement by Hyundai Motor’s Director Sales Tarun Garg: "Till now, the trend during the festive season (Onam 2021) seems to be encouraging. We expect it (trend) to continue as the main festive season approaches." In 2020, Hyundai posted retail sales growth of 28 percent during the nine-day Navratri period including Dussehra. The company during that period had retailed 26,068 units.

Accordingly, this year, Garg pointed out that the healthy demand for the company's SUV segment as well as diesel power trains have become key drivers of sales growth.

"There is definitely a positive momentum. Fast economic growth in the recent months, normal monsoon rains and the consumer shift towards personal mobility have all supported this positive trend," he said.  Notably, Last month, Hyundai Motor India sold 60,249 vehicles, a growth of 45.9 percent on a year-on-year basis.

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