Aided by SUVs, Hyundai Motor India posts highest-ever sales in 2022

Driven by premiumisation of the market, the country’s second-largest passenger vehicles manufacturer, Hyundai Motor India (HMIL), in 2022 posted its highest-ever sales, selling 552,500 units, up 9 per cent from 505,033 units in 2021.

The rise is mainly credited to better performance in the sports utility vehicle (SUV) segment by the company and the industry.

In 2018, SUVs were contributing to 22.4 per cent of the industry, which went up to 25.6 per cent in 2019. The segment’s share went up to 29 per cent in 2020, 38.1 per cent in 2021 and 41.8 per cent in 2022.

“We have