Hyundai Venue Records 23% Growth in Sales in May 2023
The Indian market has shown great interest in Hyundai’s SUVs, with the Hyundai Creta being one of the best-selling cars in the SUV segment. However, the Hyundai Venue has surprised everyone by recording a remarkable growth rate in sales in May 2023. Although the Hyundai Creta remains at the top of the SUV sales chart, the Hyundai Venue has recorded a 23% growth rate in May 2023. Let’s take a closer look at this.
Hyundai Venue’s Sales
Compared to last year, the Hyundai Venue has recorded a YoY growth rate of 23%, with 10,213 units sold as opposed to 8,300 units in May 2022. This exceptional SUV has surpassed Mahindra Scorpio, Maruti Grand Vitara, Maruti Frox, Kia Sonet, and Mahindra XUV700, establishing its position at number 5.
Hyundai Venue’s Price
Recently, Hyundai increased the price of the Venue, starting from INR 7.72 lakhs, with the top variant costing up to INR 13.81 lakhs (ex-showroom). Despite the price hike, the Venue remains a popular choice among Indian SUV buyers.
Hyundai Venue’s Safety Features
The Hyundai Venue comes equipped with six airbags, rear parking sensors, parking assist rear camera, hill assist control, automatic headlamp, vehicle stability management, electronic stability control, and tire pressure control, ensuring the safety of its passengers.
Tata Punch at Number 4
The Tata Punch, with its 5-star safety rating, is at number 4, overtaking the Hyundai Venue. After its launch in late 2021, this sub-compact SUV has become a popular choice among domestic manufacturers. In the previous month, Tata Punch recorded sales of 11,124 units, demonstrating a 9% YoY growth rate.
In conclusion, the Hyundai Venue continues to be a popular choice for Indian SUV buyers, with its impressive sales growth rate and safety features. However, with new competitors entering the market, it remains to be seen how the Venue will perform in the future.
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