Hyundai Increases Market Share With New Model Series In The Second Half Of 2023

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DIKSIA.COM - JAKARTA, PT Motors Indonesia (HMID) said it saw sales increase in the first half of 2023 with a retail of 0.7 percent.

“Compared to last year, we have increased our by around 0.6 to 0.7 percent. In the first half of this year, our market share was 4 percent of retail sales. So that's quite a big increase, but we still have a long way to go,” said Woojune Cha, President and Director of PT Motors Indonesia (HMID) on Monday (07/17/2023).

Hyundai's sales volume reached 20,000 units in the first half and hopes its business can be more competitive and gain a larger market share in the second half of 2023.

The company's optimism is supported by a number of new product lines that have been prepared, the latest Stargazer Essential and Stargazer X variants to be released at GIIAS 2023.

“Together with the Stargazer

Based on data, Hyundai sold 18,441 vehicles in January-June 2023. The highest sales were 4,067 units in January 2023 and the lowest was 2,241 units in April. Hyundai will sell 31,966 vehicles in the two half-years of 2022.

Source:, Lita Febriani