Hyundai races ahead of Maruti, M&M in Compact SUV segment

Hyundai Venue Sales

Hyundai Motor India has raced ahead of its rival Maruti Suzuki and Mahindra & Mahindra (M&M) in July to grab the top slot in India’s competitive SUV segment.

The growth come on back of newly launched and high demand from its recently launched SUV Hyundai Venue

  • Hyundai sold 16,234 utility vehicles last month against 16,003 units at M&M and 15,871 units by Maruti Suzuki in SUV segment
  • About 60% of the volumes for Hyundai came from Venue, which sold 9,585 units last month
  • This is almost double of that for Maruti Suzuki Vitara Brezza and Mahindra XUV300, which clocked wholesale volumes of 5,302 units and 4,464 units, respectively. 
  • Venue has done exceptionally well for Hyundai. It Managed over 50,000 bookings for the car in just 60 days of its launch.
  • Hyundai market share is now 21%, with the combined sales of Venue, Creta and Tucson
  • Maruti Suzuki managed to retain the lead in the utility vehicle segment, although sales fell 10% to 58,984 units in Q1.
  • Hyundai, with the newly-launched Venue, managed to expand volumes in the space by 37% to 43,957 units in an otherwise sluggish market

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