Supported by Stargazer, Hyundai's Market Share Claimed to Rise

JAKARTA, KOMPAS.com – PT Hyundai Motors Indonesia (HMID) recorded positive performance in March 2026, marked by an increase in market share amid a relatively stagnant automotive industry condition. This trend demonstrates the continued strong appeal of Hyundai products amid increasingly tight competition. President Director of HMID, Kenny Lee, stated that this increase is evident from overall industry data. Amid a more competitive market, this achievement shows Hyundai’s positive growth trend in Indonesia. “Going forward, we will continue to focus on maintaining this momentum through consistent execution of our main priorities, while continuously improving services and support for customers,” he said. “Currently, for our brand, it’s quite stable, and we can even say it’s quite balanced. The contribution from Stargazer is around 5% with the market share increase as mentioned,” said Nina, on the same occasion. “Then our EVs are also quite aligned with market demand at 15%. So far, Hyundai remains stable,” she added. Amid various economic challenges such as potential inflation and rising fuel prices, Hyundai assesses that its sales performance remains stable and balanced across segments. With a strong sales composition from Stargazer and support from the electric vehicle line, Hyundai has succeeded in maintaining growth momentum in the domestic market. This strategy is key to sustaining its position amid the increasingly dynamic industry competition.