Hyundai Motor India Limited (HMIL) has reported a 14 per cent decline in sales in February 2022 to 53,159 units as compared to 61,800 units sold in the same month a year ago.
see photosHyundai Motor India sold 53,159 units last month.
Semiconductor chip shortage is playing a bad game for carmakers in India as it continues to take a toll on production and sales. Hyundai Motor India Limited (HMIL) has reported a 14 per cent decline in sales in February 2022 to 53,159 units as compared to 61,800 units sold in the same month a year ago. The Korean carmaker reported a 14.60 per cent decline in domestic sales of 44,050 units as compared to 51,600 units sold in the same month last year. Its exports also declined by 10.70 per cent to 9,109 units from 51,600 units sold in the same month a year ago.
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In a statement, the company said, “As the industry grapples with the semiconductor shortage situation, Hyundai along with its partners continues to explore alternatives to ensure that customers take delivery of their most preferred Hyundai cars at the earliest.” can.”
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Hyundai Motor India is facing challenges to sustain production due to semiconductor issue.
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Having said that, Hyundai’s monthly sales growth in the domestic market remained flat as it sold 44,022 units last month. The carmaker also managed to stay at the second position in February as Tata Motors finished third last month with sales of 39,981 units. Hyundai Motor India slipped to the third position in December last year in terms of domestic sales, but managed to regain its position in January despite Tata Motors’ highest ever sales in January 2022.
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