Corona Effect: Hyundai's Car Sales Down 28% In The Month Of July 2020

Corona Effect: Hyundai's car sales down 28% in July

Corona Effect: Hyundai's Car Sales Down 28% In The Month Of July 2020: The auto sector is facing significant losses due to the Corona virus. Its effect is also seen on the sales of car companies. Hyundai Motor India Limited (HMIL) has released its July sales report. The company has reported that Hyundai's sales have fallen by 28 per cent in July 2020, where it sold 41,300 units. Hyundai Motor India sold 57,310 vehicles in July 2019. The company said in a statement on Saturday that its sales in the Indian market have fallen by two per cent, where the company has sold 38,200 units. In July 2019, the company sold 39,010 vehicles in the domestic market.

Corona Effect: Hyundai's car sales down 28% in July

During this period, the company's exports have also been affected. The company lost 83% of its exports in July 2020, where Hyundai's 3,100 units were sold outside India. In July 2019, the company exported 18,300 vehicles.

Reacting to the sales, Tarun Garg, director of sales, marketing and service, Hyundai Motor India, said that the company has been successful in making some contribution to revive the country's economy. He said that the new Creta SUV, Venue and new Verna and compact cars Elite i10 and Neos were the main contributors to the company's sales in July 2020.

Hyundai sales declined 49.2 percent in June 2020

Corona Effect: Hyundai's car sales down 28% in July

Hyundai sold 21,320 units in June 2020. At the same time, its 42,007 units were sold in June 2019. Its sales declined 49.2 percent in June 2019 over the previous year. Hyundai held 18.2 per cent of the total market in June 2020. Whereas, in June 2019 it was 19 per cent. The company's share declined 0.7 percent in the month of June over the previous year.