In January 2022, Hyundai India total domestic sales stood at 44,022 units, and in comparison, Tata Motors sold 40,777 passenger vehicles last month. However, compared to 52,005 vehicles sold in January 2021, Hyundai saw a decline of 15 per cent.
Hyundai India has again become the country’s second-largest carmaker, reclaiming the position from Tata Motors, which overtook the Korean carmaker in December 2021 sales. In January 2022, Hyundai India total domestic sales stood at 44,022 units, and in comparison, Tata Motors sold 40,777 passenger vehicles last month, giving the former a lead of over 3000 units. However, compared to 52,005 vehicles sold in January 2021, the company witnessed a year-on-year decline of 15.35 per cent in domestic sales. Having said that, when compared to the 32,312 units sold in December 2021, the company saw a month-on-month growth of 36 per cent in January 2022.
Now, Hyundai says that the decline in volume is mainly due to the ongoing global shortage for semiconductor chips, which has affected vehicle production deeply. Considering most of Hyundai’s newer models come with the company connected car technology, Hyundai is certainly facing a lot of heat due to the chip shortage. In addition to that, the company is getting stiff competition from the likes of Tata Motors, which saw a growth of 51 per cent in January 2022.
In January 2022, Hyundai also retained its position of being India’s largest passenger car exporter. Last month, the carmaker exported 9,405 units from India, registering a 16 per cent growth compared to the 8,100 units exported during the same month in 2021. However, compared to the 16,621 vehicles exported in December 2021, the carmaker saw a huge MoM decline of 43.4 per cent in January 2022.