According to Federation of Automobile Dealers Associations of India (FADA) data, Hyundai sold 272,207 units in India from January to June this year, up 2 percent compared to 266,760 units sold in the same period in 2023.

According to the report of Yonhap news agency, this is the largest sales figure of Hyundai Motor in the first half in the country.

Hyundai Motor's investor relations data also showed that Hyundai's Indian plant sold a total of 259,659 units locally from January to May.

According to FADA, Hyundai had a market share of 13.8 percent in the Indian passenger vehicle market in the first half, second only to Maruti Suzuki.

Tata Motors is at third position, followed by Toyota Motor and Kia.

Hyundai has seen a steady decline in share in India over the past few years, from 17 percent in 2021 to 14.1 percent by 2023.

Last month, the company had announced that its Indian unit has applied for an IPO in India as it looks to gain a stronger foothold in the country's fast-growing auto market.

Industry observers are keen to see whether the company can enhance its local competitiveness through a listing on the Indian stock exchange.

India serves as a major global production base for the Korean automotive giant. Last year, Hyundai produced a total of 765,000 vehicles in India.