Hyundai Motor sells 60,073 units in July
Commenting on HMIL sales, Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said, As we celebrate the incredible 10-year journey of Hyundai CRETA in India, we are proud to see it setting new benchmarks in comfort, convenience and performance thereby holding on to the best-selling SUV crown in the Mid-SUV segment, every completed year since its launch in 2015. In the January-July 2025 period too, Hyundai CRETA has further fortified its leadership position amongst SUVs. While the overall auto industry has seen some softness in recent months, we remain optimistic with the onset of the festive season and are fully geared up with robust supply and exciting product offerings. At HMIL, we continue to stay focused on delivering enhanced value and innovation to our customers and with the upcoming state of the art facility at Talegaon, we are well positioned to adapt to market movements.
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Time of India
a day ago
- Time of India
Car dispatches to dealers subdued ahead of festivals
The sluggishness in the car industry was evident as wholesale deliveries in July, ahead of the festive season of Onam and Ganesh Chaturthi, were muted. Top makers, such as Tata Motors , Hyundai, Toyota and Honda, reported a decline in dispatches (year-on-year), with Maruti reporting flat numbers. Mahindra and Kia saw growth in numbers, but the overall mood of the industry remains subdued. Industry officials spoke of challenges in generating demand as geopolitical tensions, fears from US tariffs and job cuts in the IT sector keep consumer sentiments low. Maruti, the country's largest carmaker, said while demand condition was tough, the company expected revival during the festive period. 'The overall industry is not growing… (and) it's not a good sign,' Partho Banerjee, senior executive officer (marketing & sales), said. He added that affordability, especially of entry-level cars, remains a challenge and during the festival, company expected to see 'green shoots' building up. Hyundai, which saw a 10% decline in domestic sales, said there was 'some softness' in demand in recent months. '… we remain optimistic with the onset of the festive season and are fully geared up with robust supply and product offerings,' Tarun Garg, director & COO, said. Car companies are planning new launches to kick up demand and attract customers. Swedish luxury carmaker Volvo launched the next-gen version of its top-seller XC60 SUV at Rs 72 lakh (ex-showroom). MD Jyoti Malhotra said Volvo would consider bringing in plug-in hybrids to India if the tax structure gets conducive, and added that an FTA with the EU — on the lines of the India-UK trade deal — would help attract investments and new car models. The industry believes that while demand has been difficult so far, the festive season may see a turnaround. Companies are working on new model launches and offering discounts and incentives to push the numbers.
Business Standard
2 days ago
- Business Standard
Hyundai Motor sells 60,073 units in July
Hyundai Motor India (HMIL) has achieved total monthly sales of 60,073 units (domestic: 43,973 units + exports: 16,100 units), in July 2025. Commenting on HMIL sales, Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said, As we celebrate the incredible 10-year journey of Hyundai CRETA in India, we are proud to see it setting new benchmarks in comfort, convenience and performance thereby holding on to the best-selling SUV crown in the Mid-SUV segment, every completed year since its launch in 2015. In the January-July 2025 period too, Hyundai CRETA has further fortified its leadership position amongst SUVs. While the overall auto industry has seen some softness in recent months, we remain optimistic with the onset of the festive season and are fully geared up with robust supply and exciting product offerings. At HMIL, we continue to stay focused on delivering enhanced value and innovation to our customers and with the upcoming state of the art facility at Talegaon, we are well positioned to adapt to market movements.
Time of India
2 days ago
- Time of India
Car wholesales subdued ahead of festive season on weak consumer sentiments
AI image NEW DELHI: The sluggishness in the car industry was evident as wholesale deliveries in July — ahead of the festive season of Onam and Ganesh Chaturthi — were muted with top makers such as Tata Motors , Hyundai, Toyota and Honda reporting a decline in dispatches (year-on-year) with Maruti reporting flat numbers. Mahindra & Mahindra and Kia saw growth in numbers, but the overall mood of the industry remains subdued with industry officials speaking of challenges in generating demand as geopolitical tensions, fears from US tariffs and job cuts in the IT sector keep consumer sentiments low. Maruti, the country's biggest carmaker, said while demand remains tough currently, the company expects revival during the festive period. 'The overall industry is not growing… (and) it's not a good sign,' Partho Banerjee, Senior Executive Officer (Marketing & Sales), said, adding that affordability — especially of entry-level cars — remains a challenge. During the festival, he said the company expects to see 'green shoots' building up. Hyundai, which saw a 10% decline in domestic sales, said that there has been 'some softness' in demand in recent months. '… we remain optimistic with the onset of the festive season and are fully geared up with robust supply and product offerings,' Tarun Garg, Director and COO said. Car companies are planning new launches to kick up demand and attract customers. Swedish luxury carmaker Volvo launched the next-gen version of its top-seller XC60 SUV priced at Rs 72 lakh (ex-showroom). Company MD Jyoti Malhotra said Volvo will consider bringing in plug-in hybrids to India if the tax structure gets conducive, and added that a FTA with EU — on the lines of India-UK trade deal — will help attract investments and new car models. Domestic car sales data for Jul'25 Company Jul'24 Jul'25 Change (%) Maruti 1.4L 1.4L 0.5 Mahindra 41.6K 50K 20 Hyundai 49K 44K -10 Tata 44.7K 39.5K -12 Toyota 29.5K 29.1K -1 Kia 20.5K 22.1K 8 Honda 4.6K 4K -12 L = Lakh units; K = Thousand Units Source: Company Data The industry believes that while demand has been difficult so far, the festive may see a turnaround. Companies are working on new model launches and discounts and incentives to push the numbers. However, this is putting a strain on their profitability. Many companies have also been going slow on production expansion plans in view of the uncertainty in the economy, something which has only gained in intensity following US President Donald Trump's decision to slap a 25% tariff on India. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
