Hyundai Motors Sales in October 2024

Hyundai Motor India posted its 3rd highest monthly sales in October 2024, with 70,078 units sold. Driven by SUV demand and high export performance, Hyundai recorded a 1.96% YoY growth.

By Mohit Kumar

78.43k

Nov 04, 2024 11:28 am IST

In October 2024, Hyundai Motor India Limited (HMIL) sold 70,078 units overall, including both domestic and export sales, marking its third-highest monthly sales performance. This represents an increase of 1.96% year-over-year (YoY) over October 2023, when 68,728 units were sold. This achievement demonstrates Hyundai's dominant position in the car industry, which has been supported by strong domestic demand and a notable increase in export volumes.

Domestic Sales Performance: October 2024

In October 2024, Hyundai sold 55,568 units domestically, a 0.80% YoY increase over the 55,128 units sold in October 2023. Domestic sales increased by 8.74% month over month (MoM) from 51,101 units sold in September 2024, contributing 4,467 units to the total volume. This constant rise, which is fueled by Hyundai's well-liked portfolio, which includes the Hyundai Creta and Venue, confirms the company's steady demand in the Indian market.

YTD Sales

Category	YTD 2024 Sales	YTD 2023 Sales	YoY Growth (%)
Total Sales (Domestic + Exports)	647,789	643,535	0.66%
Domestic Sales	514,979	509,910	0.99%
Export Sales	132,810	133,625	-0.61%

Hyundai sold 514,979 vehicles domestically between January and October 2024, a 0.99% rise over the 509,910 units sold during the same time period in 2023. With a volume rise of 5,069 units so far this year, Hyundai's continued presence in the Indian car sector is highlighted.

Strong October Sales Are Driven by Export Growth

Category	October 2024 Sales	October 2023 Sales	YoY Growth (%)
Total Sales (Domestic + Exports)	70,078	68,728	1.96%
Domestic Sales	55,568	55,128	0.80%
Export Sales	14,510	13,600	7%

With 14,510 units delivered, a YoY increase of 6.69% from 13,600 units in October 2023, exports played a major role in Hyundai's October performance. However, compared to the 133,625 units delivered during the same period in 2023, exports for 2024 as a whole were 132,810 units, a tiny decrease of 0.61%.

Hyundai's Performance in the CNG and SUV Segments

In October 2024, Hyundai's CNG portfolio sold 8,261 units, setting a new monthly sales record and making up 14.9% of domestic sales. The exclusive Hy-CNG technology developed by Hyundai has supported this expansion. Additionally, the Hyundai Creta and Venue's ongoing popularity helped Hyundai's SUV class achieve record sales of 37,902 vehicles. With 1.1 million units sold overall, the Creta continued to hold the top spot among SUVs in its class.