COVID-19 Lockdown Impact: Hyundai India Records Sales Dip of 47 Percent in March

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Hyundai stated that it had offered 61,150 models in the identical month final 12 months in contrast 32,279 models in March 2020.

  • New Delhi
  • Last Updated: April 2, 2020, 4:22 PM IST

Hyundai Motor India Ltd (HMIL) on Wednesday reported a 47.21 per cent decline in complete gross sales at 32,279 models in March. The firm had offered 61,150 models in the identical month final 12 months, HMIL stated in an announcement. Domestic gross sales have been down 40.69 per cent to 26,300 models as towards 44,350 models in March 2019, the corporate added.

Similarly, exports final month have been down 64.41 per cent to five,979 models as in contrast with 16,800 models in March 2019.

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On the opposite arms, India’s largest carmaker, Maruti Suzuki India Limited’s home car gross sales witnessed a pointy 48% decline owing to the nationwide shutdown as a result of coronavirus outbreak.

The carmaker stated that it offered 158,076 models final 12 months however stated the numbers weren’t comparable as the corporate needed to droop operations from March 22, consistent with the federal government’s order.

Last week, the federal government despatched India right into a 21-day lockdown to curb the unfold of the virus, forcing automakers similar to Maruti, Mahindra & Mahindra, Hyundai, Ford and Toyota to droop automobile manufacturing.

With Inputs from PTI

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This post was last modified on April 3, 2020 6:17 am

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