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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] According to industry sources and the Federation of Automobile Dealers Associations (FADA) on the 7th, Hyundai Motor Company sold 272,207 units in the Indian market from January to June this year. This represents a 2% increase compared to the same period last year (266,760 units). Notably, this is the highest number of first-half sales ever recorded by Hyundai in India, as compiled by FADA.
FADA reported that Hyundai's market share in the Indian passenger car market for the first half of this year was 13.8%, maintaining its second-place position behind Maruti Suzuki. Tata Motors was third with a 13.6% market share, Toyota was fourth with 5.8%, and Kia was fifth with 5.7%.
India, emerging as one of the world's top three automobile markets alongside the United States and China, is witnessing intensified competition as global automakers continue to launch new models. While Hyundai's market share in the first half has slightly declined from 17% in 2021 to 14.4% in 2022 and 14.1% in 2023, its sales volume has reached an all-time high, demonstrating sustained growth. Kia sold 112,844 units in India in the first half, a 0.8% decrease from last year, but the decline was not significant.
Hyundai established its Indian subsidiary in 1996 and began mass-producing its first model, the Santro, a modified version of the compact car Atos, at its Chennai plant in Tamil Nadu in 1998. Since then, Hyundai has introduced a variety of models and has secured the second-highest sales position in India, a country with a population of 1.4 billion, trailing only Maruti Suzuki.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
