Hyundai Nishat has the highest monthly vehicle sales since its debut, according to a report

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2022-07-13 12:42:26
Lifestyle

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Hyundai Nishat Motor Company Limited"s (HNMPL) sales have also been conservative at best since its inception. However, with its sales in June 2022, the organisation has officially joined the territory of the giants.

According to an unauthorised update from a reliable source, HNMPL sold over 1,870 units last month, breaking the company"s previous record of 1,710 units in May 2022. It"s worth noting that the company"s lineup only includes vehicles priced slightly under or slightly above Rs. 4 million, making the increase all the more intriguing.

The Hyundai Tucson stayed the company"s best-selling vehicle, with sales of just under 900 units. The Hyundai Elantra came in second, with sales of just under 500 units. Porter finished third with sales of less than 300 units, while Sonata finished last with sales of slightly more than 200 units.

While HNMPL may be ecstatic about this accomplishment, it will be fleeting. According to industry experts, the government"s new tax structure, local currency depreciation, and rising gasoline and car prices will cause sales to fall in the coming days.

Toyota Indus Motor as well as Honda Atlas Cars already have acknowledged the operational hiccups, blaming them on the aforementioned reasons. The entire automobile industry is struggling from the effects of inflation, which are expected to catch up with HNMPL soon.