Hyundai Motor India's June Sales Slip Amid Geopolitical Challenges

Hyundai Motor India reported a 6% year-on-year decline in total sales for June, selling 60,924 units compared to 64,803 units last year. Domestic dispatches fell by 12% due to geopolitical issues. The company is hopeful for demand recovery with expected policy changes and production initiation at its Talegaon plant.


Devdiscourse News Desk | New Delhi | Updated: 01-07-2025 17:18 IST | Created: 01-07-2025 17:18 IST
Hyundai Motor India's June Sales Slip Amid Geopolitical Challenges
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Hyundai Motor India announced a 6% decrease in its total sales for the month of June, clocking in at 60,924 units compared to 64,803 during the same period last year, according to a company statement released on Tuesday.

The automaker highlighted a 12% drop in domestic shipments, delivering only 44,024 vehicles this June, in contrast to 50,103 units a year prior. Exports, however, rose to 16,900 units from 14,700 units in June 2024, indicating strong international demand.

Tarun Garg, Whole-time Director and Chief Operating Officer of Hyundai Motor India Ltd, attributed the domestic sales decline to ongoing geopolitical tensions affecting market sentiment. Nevertheless, he expressed cautious optimism for demand recovery, citing potential benefits from the reduction in repo rates and improved liquidity due to CRR cuts.

(With inputs from agencies.)

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