Hyundai's February 2025 sales indicate steady domestic demand and strong export growth, despite ongoing market challenges and economic uncertainties.
01 Mar 2025 | 560 Views | By Angitha Suresh
Hyundai Motor India Limited (HMIL) recorded total sales of 58,727 units in February 2025, comprising 47,727 units in domestic sales and 11,000 units in exports, according to a company statement released on March 1, 2025.
The company's export segment demonstrated continued strength with a 6.8% year-on-year growth in February, ...
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Hyundai Motor India Limited (HMIL) recorded total sales of 58,727 units in February 2025, comprising 47,727 units in domestic sales and 11,000 units in exports, according to a company statement released on March 1, 2025.
The company's export segment demonstrated continued strength with a 6.8% year-on-year growth in February, highlighting increasing global demand for its India-manufactured vehicles.
Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, noted that the robust export performance reflects Hyundai's strong global acceptance and reinforces HMIL's position as a key export hub for Hyundai Motor Company.
Despite facing geopolitical challenges in the domestic market, the company remains optimistic about future growth prospects. Garg expressed confidence that the proposed tax reforms in Union Budget 2025 and improved liquidity conditions would provide the necessary boost to market demand.
Hyundai Motor India Limited, established in 1996, operates as a wholly owned subsidiary of Hyundai Motor Company of South Korea. The company has maintained its position as one of India's leading automobile manufacturers, with production facilities near Chennai capable of producing over 750,000 units annually.
The company's performance comes amid broader challenges in the Indian automotive sector, which has been navigating fluctuating consumer demand and economic pressures over recent quarters.