Interview with Director (Sales), Hyundai India: ‘Rural economy has taken hit… but road connectivity much better now, has helped sales’ | Business News,The Indian Express
As the South Korean car major is set to clock its highest-ever annual sales in the country since its launched production in the Indian market in 1998, Tarun Garg, the Director (Sales) of Hyundai India, tells Mihir Mishra that high inflation and interest rates going up and the Russia-Ukraine conflict are the unknowns that may impact growth. Edited excerpts:
How does the festive demand look this year?
We have about 8 to 9 per cent increase in bookings over last year, which is very good. Despite headwinds globally, India is showing so much resilience, which means domestic consumption is very high.
And despite some challenges, the confidence remains strong, which means we can contribute to the economy and I am very proud that we can contribute to the economy, taxes and also, from a customer point of view, able to generate that kind of excitement and continue to meet their aspirations.
Also, a customer buying a car, which is a non-essential item, is an indication of the feel-good factor. So higher car sales is a reflection of the general sentiment in the country and in the economy.
Does the slowing down of economies concern you?
Rating: 5