Hyundai Sells Over 16,000 SUVs Including Kona in July 2019, Beats Maruti Suzuki and Mahindra
Last month, Hyundai sold a total of 16,234 units of Creta, Venue, Tucson and Kona Electric, while in comparison M&M sold 16,003 utility vehicles (UVs).
Image for representation.
Hyundai Motor India sold over 16,200 units in the utility vehicle segment in July to take a lead over Maruti Suzuki India (MSI) and Mahindra & Mahindra (M&M), which have for long dominated the vertical. Last month, Hyundai sold a total of 16,234 units of Creta, Venue, Tucson and Kona Electric, while in comparison M&M sold 16,003 utility vehicles (UVs). M&M sells seven models in the UV segment like XUV 500, Scorpio, Bolero and Thar. MSI, on the other hand, reported the sale of 15,178 units in the UV segment last month. Its UV portfolio comprises models like Ertiga, Vitara Brezza and S-Cross.
"Hyundai has a strong position in the compact SUV segment with Creta. Now with Venue, we have further consolidated our position in the UV segment," Hyundai Motor India National Head-Sales Vikas Jain said. The company's UV market share is now more than 21 per cent with the combined sales of Creta, Tucson, Venue and Kona Electric, he added. Overall, the passenger vehicle sales continued to be in the slow lane last month as well. Continuing to face rough weather, MSI, Hyundai, M&M, Honda and Toyota reported a double-digit decline in sales in July as consumer sentiment remained subdued.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.
Recommended For You
- Prabhas and Raveena Tandon Dance on 'Tip Tip Barsa Pani' on Nach Baliye 9
- Sophie Turner Dances Arm in Arm with Priyanka Chopra's Mother at Jonas Brothers Concert
- NASA’s Next Moon Landing Will be Powered by The Aitken Supercomputer Made by HP
- 'Choked' by Husband’s Extreme Love and Affection, UAE Woman Seeks Divorce
- Android 10 Confirmed to Arrive on All Nokia Smartphones