auto news desk,The demand for SUV cars is increasing continuously in India. People are now preferring big and powerful looking SUVs instead of small and economical cars. SUV cars are proving to be a boon for many companies. Such companies are Toyota and Hyundai. While Toyota’s sales have increased by 75 percent in the month of February, Hyundai’s sales have also seen a jump of 9 percent. SUVs are the reason for this boom in the sales of both these companies.
Toyota Kirloskar Motor (TKM) on Wednesday said its wholesale sales grew 75 per cent year-on-year to 15,338 units in February 2023.
The company had sold 8,745 units in the domestic market in February last year. The company said in a statement, ‘We are constantly seeing customer interest in our product portfolio. Due to this, there has been a very good growth in February 2023. He said that the urban cruiser Highrider and the new Innova Highcross are the main contributors to this growth.
Automaker Hyundai Motor India’s wholesale sales rose nine per cent year-on-year to 57,851 units in February. Let us tell you that Hyundai Creta is the biggest contributor to Hyundai’s sales. Releasing the sales figures for February 2023 on Wednesday, the company said that in the same month a year ago, it had wholesaled a total of 53,159 vehicles to its distributors.
Last month, Hyundai wholesaled 47,001 units in the domestic market, up 7 percent from 44,050 units in February 2022. In February 2023, it also exported 10,850 vehicles from India, up 19 per cent as compared to 9,109 vehicles, the company said in a statement. year ago. Tarun Garg, Chief Operating Officer, Motor India said that these sales figures show a positive trend across segments.