Hyundai has a very strong lineup in India. They currently have listed 12 different models (including CNG and EV) on their website right now. But still, it’s been hard for Hyundai (or any carmaker) to close the gap with Maruti in terms of sales. Hyundai has been consistently sitting in the second spot behind Maruti with a huge difference in numbers. March 2022 sales for Hyundai have been no different, they are in the 2nd spot with 44,600 units sold.
Hyundai March 2022 sales
|March 2022||Feb 2022||March 2021||MoM growth in %||YoY Growth in %|
|Maruti Sales||1,33,861||1,33,948||1,46,203||-0.064 %||-8.44 %|
|Hyundai Domestic sales||44,600||44,050||52,600||1.24 %||-15.20 %|
|Hyundai Exports||10,687||9,109||12,021||17.3 %||-11.09 %|
The table clearly shows the big margin Maruti has built itself from Hyundai in the second spot. Hyundai is just hanging on to the second spot with Tata closing slowly to them. With their strong start to 2022, Tata sold 42,293 units last month. Tata has every opportunity to grab that second spot in the coming months if Hyundai doesn’t respond to the threat.
They have had a slight 1.24% MoM growth compared to February 2022 sales. But their YoY growth is not satisfactory. With 52,600 units sold in March 2021, they have a negative 15.2% YoY growth.
Their exports numbers seem fine compared to February 2022 but their YoY growth has taken a hit. With 10,687 units exported in March 2022, their MoM growth is a healthy +17.3% compared to 9,109 units sold in February 2022. Their YoY growth is -11.09% compared to 12,021 units sold in March 2021.
|2022 Q1||2021 Q1||YoY growth in %|
Hyundai has also taken a hit in its quarterly sales. In the first quarter of this year, Hyundai has sold 1,32,672 units which is a decline of -15.06% YoY growth compared to the 1,56,205 units sold in the first quarter of 2021.
Hyundai product update
Hyundai is just keeping up with the competition in terms of sales (apart from Maruti). And the semiconductor crisis is also not helping any carmaker. But how long can they hold on to their current position? To overcome the threat Hyundai needs to update its products or bring in new exciting ones.
For now, they only plan on updating their existing lineup. As we have reported, Hyundai has already started testing facelifted models of the Venue, Creta, Tucson, Verna and Elantra. India will also get the Kona Electric facelift this year. They also plan on introducing their iconic Ioniq 5 EV in India which was also spotted testing near their plant in Chennai.
1. Does Hyundai provide cars with a diesel engine?
Yes, unlike Maruti Suzuki, Hyundai does sell its cars with a diesel engine option.
2. Does Hyundai sell CNG cars in India?
Yes, Hyundai sells the Santro, Grand i10 Nios, Aura and the Xcent with factory-fitted CNG kits in India.