By Moses Ebosele, ebosele@hotmail.com —
Between January and March 2023, Hyundai Motor sold 1,021,712 units around the globe, a 13.2 percent increase from a year earlier.
City Business News report that sales in markets outside of Korea were up by 10.7 percent to 830,665 units, and sales in Korea increased 25.6 percent to 191,047 units. The strong sales mainly stemmed from the improvement of production as chip and component supplies stabilized worldwide.
The overall sales increase, especially for SUV and Genesis luxury models, as well as favourable exchange rates, helped lift revenue in the first quarter despite the adverse economic environment. Hyundai Motor also sold nearly 66,000 units of electric vehicle (EV) models in the period, an increase of 48 percent from a year earlier.
