Hyundai Motor India’s July sales fell 10% year-on-year

Hyundai Motor India’s sales fell 10% year-on-year last month, reflecting challenges in a highly competitive market. In September 2024, the company sold 64,201 vehicles and continued to occupy a significant position in the Indian automobile industry. Despite declining sales, Hyundai remains focused on offering a variety of vehicles, including SUVs and electric models. The sales decline could be due to market changes or shifting consumer preferences, but Hyundai hopes to recover through its strong product lineup and strategic efforts. The company’s performance in India remains important as it faces increasing competition and changing industry trends.

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Hyundai Motor Sales Data: September 2024

Hyundai India reported total sales of 64,201 units in September 2024, of which 51,101 units were sold in the domestic market and 13,100 units were exported. This is a 10% decrease compared to September 2023. However, overall sales increased slightly by 1% compared to August 2024. Domestic sales in September 2024 were 51,101 units, down nearly 6% year-on-year but showing a 3% increase from August’s 49,525 units. The manufacturer exported 13,100 units last month, down 25% from 17,400 units in September 2023 and 4% from 13,650 units in August 2024. Notably, CNG cars accounted for 13.8% of sales, while SUVs accounted for 70%. From January to September 2024, Hyundai sold nearly 578,000 vehicles.

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Sharing his views on the sales figures, Tarun Garg, Whole Time Director and Chief Operating Officer, HMIL said, “In September, we launched the bold new Hyundai Alcazar which redefined the benchmark of aspirational 6/7-seater SUV. With this launch This, combined with the strong performance of Exter, Venue and Creta, propelled HMIL to its highest ever monthly SUV sales contribution of 70% of total sales. With the festive season approaching, we have launched many new models and variants to cater for it. Keeping in mind the wishes of our customers, our dealer touchpoints are fully geared up to satisfy our customers by delivering their favorite Hyundai cars during this auspicious period.