It’s already the 1st of Dec and all the major brands have released their November car sales. But this article will majorly be based on the Hyundai Car Sales Nov 2022. While the semiconductor shortage continues to affect car sales in all major car markets. The semiconductor shortage leaves manufacturers with ower production levels and hence lower the sales.
The entire production process had been halted at the moment. As the industry tried a return, it was left grappling with the consequences of supply chain disruptions caused by a semiconductor shortage.
Hyundai Car Sales Nov 2021
Sales shrinkage, on the other hand, has been more real than ever before. Hyundai Motor India reported sales of 37,001 units in November 2021. The volume loss from November 2021 to November 2022 was 11,799 units, down from 48,800 units. The drop in sales was 24.18 percent. Last month, revenues fell by a quarter. While the sales figures appear to be depressing, they are in no way indicative of demand. Hyundai has a considerable market presence in India. The Venue, Creta, i20, i10 NIOS, Alcazar, and Aura are popular models.
|Hyundai Car Sales||Nov-2020||Nov-2021||Growth%|
Hyundai Car Exports
Sales are flat year over year, with 37,021 units sold in October 2021. In terms of Hyundai India exports in November 2021 Last month, exports declined by 4.7 percent. Exports dropped to 9.9 thousand units from 10.4 thousand. The volume loss was estimated to be around 500 units.
Hyundai admits that sales in November are ‘hit due to the ongoing semiconductor shortage situation.’ Manufacturers are, without a doubt, doing everything possible to boost production levels to peak levels and minimize the problem. However, there is no certainty about what normal will look like from here on out, or when it will become a reality.
The automaker is on the right track to success now that it has refocused on the UV sector. Hyundai has strategized to make bestsellers in these segments available, with projections of all kinds and sizes predicting growth in the wide-ranging UV segment in India. Creta and Venue sales account for the majority of Hyundai’s current UV success.