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By Moses Akaigwe
Hyundai Motor Company has announced its May 2023 global sales of 349,194 units, a 7.8 per cent increase year-over-year. Despite the continuing uncertainties in the business environment, the company maintained its robust sales momentum this year, thanks to solid demand for Hyundai vehicles.
In May, sales outside Korea increased by 7.7 per cent to 280,514 units. The gradual recovery from the global parts shortage and production stabilization have helped the company secure solid performance in North America, Europe and India.
Sales in Korea were up 8.4 per cent from a year earlier to 68,680 units with the introduction of new models, including the all-new Grandeur (badged as Azera outside of Korea), and strong demand for SUV models. In Korea, the Grandeur sold over 11,500 units and Hyundai’s SUV models collectively sold more than 20,254 units.
Hyundai Motor maintained its electric vehicle (EV) sales momentum by selling around 23,000 units around the globe in May. Hyundai’s dedicated battery electric IONIQ models, including IONIQ 5 and IONIQ 6, accounted for nearly 70 per cent of its total EV sales.
To meet its customers’ diverse needs, Hyundai Motor will continue implementing various measures to deliver class-leading products, including the all-new KONA SUV launched in March, Santa Fe SUV and IONIQ 5 N, to be launched later this year. More details about the new models will be shared in the near future.
In Nigeria, the brand is represented by Hyundai Motors Nigeria Ltd, which also assembles its range of vehicles at a plant in Lagos
