Hyundai Motor Dec Sales Down 2.4% YoY

Hyundai Motor India (HMIL) has reported total sales of 55,078 units in December 2024, comprising 42,208 units sold domestically and 12,870 units exported. These figures indicate a slight decline of 2.4 per cent compared to December 2023. On the other hand, it recorded its highest-ever yearly domestic sales of 6,05,433 units in 2024.

According to an exchange filing, this marks the third consecutive year of record-breaking domestic sales. Combined with exports, HMIL's total sales for the calendar year reached 7,64,119 units.

"HMIL has managed to sustain sales momentum in 2024, despite strong headwinds faced by the industry at large. Achieving the highest ever domestic sales three years in a row, reflects customers' preference for the brand Hyundai as their trusted smart mobility solutions provider,” stated Tarun Garg, whole-time director and Chief Operating Officer, HMIL.

He added, "Introduction of the innovative Hy-CNG Duo technology in 2024 resonated well with buyers, translating to the highest ever CNG contribution of 13.1 per cent to HMIL's domestic sales in CY 2024, against 10.4 per cent in CY 2023. By achieving highest ever yearly domestic sales of 1,86,919 lakh units, Hyundai CRETA continued to strengthen HMIL's position as an SUV leader, helping HMIL accomplish highest ever domestic SUV contribution of 67.6 per cent in CY 2024."

Hyundai's SUV portfolio remained a standout performer in 2024. The Hyundai Creta recorded its highest-ever yearly domestic sales of 1,86,919 units. SUVs accounted for a record 67.6 per cent of HMIL's domestic sales, further strengthening the company's dominance in this category.

Another highlight of the year was the strong adoption of Hyundai's Hy-CNG Duo technology, which led to a 13.1 per cent contribution of CNG vehicles to domestic sales, up from 10.4 per cent in 2023. Exports also played a key role, with 1,58,686 units shipped in 2024, reinforcing India's importance as a global export hub for Hyundai vehicles. “We are confident that the upcoming Creta Electric, will further expand the appeal of this undisputed, Ultimate SUV," Garg stated while expressing optimism about the future. (ANI)