Hyundai will break all sales records this year, company's sales expected to cross Rs 10 crore
Hyundai Motor says that by 2023, it will have sold 97 million cars worldwide, with 73 million of those sales occurring outside of the country. Industry observers predict that the company will reach cumulative sales to reach the milestone, as it has set its annual sales target for this year at 4.24 million units.
Leading South Korean automaker Hyundai Motor India said on Monday that it hopes to ship 100 million units this year after starting sales in 1968.
According to Hyundai Motor, the carmaker plans to sell a total of 97 million units of cars by 2023, including 73 million units sold overseas. Given that the company has set its annual sales target for this year at 4.24 million units, industry watchers estimate that the company is set to achieve the milestone by reaching cumulative sales.
Hyundai started selling cars domestically in 1968 and started exporting them in 1976, according to the Yonhap news agency. With 15.1 million units sold overall, the Avante compact was by far the most popular model. The Xcent subcompact came in second with 9.95 million units, and the Sonata sedan came in third with 9.39 million units.
According to data released on Monday, electric vehicles made up 9.3% of all newly purchased automobiles in South Korea last year—a significantly higher percentage than in other major auto markets like the US and Japan. The Ministry of Land, Infrastructure and Transport has compiled data showing that 162,507 electric vehicles (EVs) were sold in South Korea in 2023 out of 1.74 million total cars.