NEW DELHI: Hyundai Motor India expects to log in a high double-digit sales growth this year as compared with 2020.
The performance next year as well riding on the back of strong demand for personal mobility, a senior company official said on Monday.
The company, which on Monday introduced a new brand campaign that encapsulates its commitment and aspirations in the country, is counting various positive factors.
It, however, remains wary of resurgence of COVID cases in Europe and high fuel costs, which it believes can offset its business outcomes going ahead.
“When you compare with last year obviously the numbers look much more positive. A high double-digit growth is around the corner.
The shift towards personal mobility has really helped,” Hyundai Motor India Ltd (HMIL) Director (Sales, Marketing, Service) Tarun Garg told PTI in an interaction.
Teams are making big efforts :
The demand is very strong and the company is sitting on a customer booking backlog of close to 95,000 units as most of the models are witnessing traction, he added.
“Whether it is pace of vaccination or the general upliftment of the economy, all of this has helped to enhance the demand for our models,” Garg noted.
“We feel that going ahead demand should be consistent and good. Of course, the issue of chip shortage remains.
Our procurement teams are making big efforts and hopefully we should be able to tide over the situation soon and then we would be able to supply as per the customer demand,” Garg stated.
The challenging aspects remain the high fuel costs, and resurgence of COVID-19 in Europe, he added.
“We hope that it does not (new COVID strains) come to India. If we are able to sustain this low COVID rate for the next month or so, hopefully things would look much brighter”.