Hyundai Motor: Highest Yearly Domestic Sales Recorded!

Hyundai Motor India Limited has bagged all the limelight as it is boasting tremendous sales performance in the calendar year 2024. HMIL for the first time since its inception reported the highest-ever domestic sales with 605,433 units sold. The company has exhibited excellent strength and flexibility in the very competitive automobile market that has been translated into a third successive year of record-breaking domestic sales.

HMIL Sales Performance:

Highest Domestic Sales Ever Recorded by Hyundai Motor

Total sales during the year under review for 2024 reached 764,119 units, including both domestic and export. It registers a slight reduction of 0.22 percent in comparison with last year’s sales figures of 765,786 units. Still, in this decline, there are positive aspects of Hyundai’s show regarding brand existence and customer relationships. In December 2024 alone, HMIL reported total monthly sales of 55,078 units, comprising 42,208 units in domestic sales and 12,870 units in exports. While December’s figures showed a decrease of 2.4% compared to the same month in 2023, the overall yearly performance highlights a robust demand for Hyundai vehicles across various segments.

SUV Segment Dominance by Hyundai Motor

One of the notable successes for HMIL in 2024 was its outstanding performance in the SUV segment. The company achieved its highest-ever annual domestic SUV contribution at 67.6%. Hyundai CRETA was first, followed by record domestic sales of 186,919 units. The popularity of CRETA can be attributed to a perfect blend of style, performance, and technology, which is quite a favorite among the Indian population. The uptick in sales for SUVs reflects greater trends in the Indian automobile space, where consumers are driving toward more versatile and spacious vehicles. 

Mr. Tarun Garg, full-time director and Chief Operating Officer of HMIL said, “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.” He also underlined confidence that “The newly introduced CRETA Electric model would add further strength to the brand Hyundai in the SUV space, keeping up the demand which is going electric.”