Hyundai Motor India Limited (HMIL) reported impressive sales figures for October 2024, reaching a total of 70,078 units, marking its third-highest monthly sales since inception. Domestic sales accounted for 55,568 units, also the third-highest in HMIL’s history, with exports at 14,510 units. The company’s year-to-date (YTD) sales for January to October 2024 reached 647,789 units, a slight increase over the same period last year.
A strong demand for SUVs led to HMIL’s highest-ever monthly SUV sales of 37,902 units in October. The Hyundai CRETA set a new record with 17,497 units sold domestically, underscoring its popularity. SUVs contributed 68.2% to HMIL’s total domestic sales, a testament to the growing preference for this segment across both urban and rural markets.
HMIL also achieved a milestone in CNG sales, recording its highest monthly sales of 8,261 units, which contributed 14.9% to domestic sales. The increased adoption of HMIL’s Hy-CNG technology highlights the company’s commitment to offering sustainable options in the Indian market.
Commenting on the strong performance, Mr. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL, stated, “The festive period saw robust demand for our SUV lineup, with record-breaking sales of the Hyundai CRETA and our highest-ever SUV sales. The high penetration of SUVs in our domestic sales and the record CNG sales reflect Hyundai’s commitment to providing quality and performance to all our customers.”
HMIL Sales Performance (October 2024)
- Domestic Sales: 55,568 units (+0.8% YoY)
- Exports: 14,510 units (+6.7% YoY)
- Total Sales: 70,078 units (+2.0% YoY)
With sustained demand across SUVs and CNG models, HMIL remains optimistic for continued growth, further cementing its position in India’s competitive automotive market.
