HomeCar NewsHyundai Records 3rd Highest Monthly Sales Ever In Oct 2024

Hyundai Records 3rd Highest Monthly Sales Ever In Oct 2024

New Hyundai Creta
New Hyundai Creta

Hyundai showed a flat domestic growth in October 2024 while the company witnessed high export performance

Hyundai Motor India Limited (HMIL) has reported monthly sales (domestic + exports) at 70,078 units in October 2024, marking a 1.96% YoY growth from 68,728 units sold in Oct 2023. This was the company’s 3rd highest monthly sales since inception. Taking a breakup of domestic sales and exports, domestic sales stood at 55,568 units, a 0.80% growth from 55,128 units sold in Oct 2023. Exports were up at 14,510 units in the past month. This was a 6.69% YoY growth from 13,600 units shipped in Oct 2023.

Hyundai Sales October 2024- YoY Vs YTD

Hyundai’s domestic sales in October 2024 stood at 55,568 units. This was a 0.80% YoY growth from 55,128 units sold in Oct 2023 relating to a volume growth of 440 units. MoM sales improved even more dramatically by 8.74% over 51,101 units sold in Sept 2024 which was a 4,467 unit volume increase.

Hyundai India Sales Oct 2024
Hyundai India Sales Oct 2024

Year to date (YTD) sales during the period Jan to Oct 2024 saw domestic sales at 5,14,979 units, up 0.99% over 5,09,910 units sold in the same period of 2023. This was a volume increase of 5,069 units. Exports fell by 0.61% to 1,32,810 units in the YTD 2024 period from 1,33,625 units exported in the corresponding period of 2023. This took total sales to 6,47,789 units, a 0.66% over 6,43,535 units sold in the YTD 2023 period, relating to a 4,254 unit volume increase.

The company’s CNG lineup has seen the highest monthly sales at 8,261 units. This marked a 14.9% share in domestic sales volumes. SUV’s also played a major role in adding to domestic sales with a 68.2% penetration in October 2024.

New Hyundai Creta has played a major role in improving sales. It continues to remain the best-selling SUV in its segment and recently, surpassed the milestone of 1.1 million units. Hyundai also finds ample demand for the Venue, especially since the Venue has received a makeover earlier this year.

Hyundai Key Highlights

Commenting on HMIL sales, Mr. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said, “We witnessed a strong demand for our SUV portfolio during festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including highest ever monthly domestic sales of the Hyundai CRETA at 17,497 units.

SUVs remain a cornerstone of our lineup, representing an impressive 68.2% of our total monthly sales in October 2024, with similar penetration in urban as well as rural markets. This strong demand underscores the broad appeal of our SUV line-up and our commitment to delivering quality and performance to all our customers. We continue to bolster our CNG penetration and HMIL’s innovative Hy-CNG technology has helped us achieve highest ever CNG sales volume of 8,261 units thereby contributing 14.9% to domestic sales volume in October 2024.”

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