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Automotive Product Finder Magazine | Hyundai India sales drop by 40.69 per cent in March 2020
Hyundai India sales drop by 40.69 per cent in March 2020
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Hyundai Motor India Limited, India’s second largest carmaker, has released its sales numbers for March 2020 and FY2020. And the data isn’t good. The carmaker sold 26,300 cars and SUVs in the month, reflecting a massive 40.69 per cent drop to March 2019’s figure of 44,350 units. In the preceding eleven months of FY20, Hyundai sold an average of 41,728 units a month. The dramatic drop in sales is down to the coronavirus pandemic and the subsequent lockdown that reduced sales to a trickle in the latter half of the month.
The poor March sales performance has also weighed down on Hyundai’s cumulative sales for the financial year. Hyundai sold 485,309 units in FY20 which is 10.99 percent down on the 545,243 units it sold over FY19.
Hyundai Motor India
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