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India Business News: NEW DELHI: Searing heat across many parts of the country may be powering demand for ACs, cold drinks, and refrigerators, but has temporarily punctured.
Hyundai Motor India Ltd (HMIL) reported a 7% year-on-year increase in total sales for May 2024, achieving 63,551 units. Domestic dispatches rose by 1% to 49,151 units, while exports grew 31% to 14,400 units. Despite a week-long maintenance shutdown, SUVs remained key growth drivers, contributing to 67% of domestic sales.
Hyundai Motor India Ltd (HMIL) saw a 7% year-on-year rise in total sales, reaching 63,551 units in May. Domestic vehicle dispatches increased by 1% to 49,151 units, while exports surged by 31% to 14,400 units. Despite a maintenance shutdown, HMIL maintained healthy sales, with SUVs driving growth. Rural penetration stood at 20.1%.