Hyundai Motor India Limited (HMIL) reported total sales of 61,252 units in November 2024, including 48,246 domestic units and 13,006 exports. Despite a slight decline compared to November 2023, HMIL emphasized its strategic focus on SUVs, rural markets, and CNG technology.
Key Highlights
- SUV Sales: SUVs contributed a strong 68.8% to total domestic sales, reaffirming Hyundai’s leadership in the segment.
- Rural Contribution: The company achieved its highest-ever monthly rural sales contribution of 22.1% in November 2024, highlighting its expanding reach in India’s hinterlands.
- CNG Technology: Hyundai’s innovative Hy-CNG technology drove a 14.4% contribution to domestic sales, showcasing its commitment to sustainable mobility.
- Year-to-Date (YTD) Performance:
- Total YTD sales (January–November 2024) reached 7,09,041 units, maintaining a steady trajectory compared to the previous year.
- Domestic sales grew by 0.7%, while exports saw a decline of 2.8%.
Sales Performance Overview
| Category | November 2024 | November 2023 | % Growth | YTD 2024 | YTD 2023 | % Growth |
|---|---|---|---|---|---|---|
| Domestic | 48,246 | 49,451 | -2.4% | 563,225 | 559,361 | 0.7% |
| Exports | 13,006 | 16,350 | -20.5% | 145,816 | 149,975 | -2.8% |
| Total | 61,252 | 65,801 | -6.9% | 7,09,041 | 7,09,336 | -0.04% |
Management Commentary
Tarun Garg, Whole-Time Director and Chief Operating Officer of HMIL, highlighted the company’s sustained SUV dominance and growing rural footprint. He stated, “Our innovative Hy-CNG technology and strengthened rural presence have driven performance this month despite challenging market conditions.”
