Hyundai Motor India Limited (HMIL) has once again set the bar high by recording its highest-ever annual domestic sales of 6,05,433 units in calendar year 2024, reaffirming its position as a leader in the Indian automotive market.
Key Highlights of CY 2024
SUV Segment Dominance: SUVs contributed a remarkable 67.6% to domestic sales, underscoring HMIL's leadership in this segment.
Hyundai CRETA's Unprecedented Success: The CRETA achieved its best-ever annual domestic sales at 1,86,919 units, solidifying its place as a customer favorite.
CNG Market Growth: HMIL's innovative Hy-CNG Duo technology struck a chord with buyers, resulting in a record 13.1% contribution of CNG vehicles to domestic sales, up from 10.4% in CY 2023.
Export Milestone: The company exported 1,58,686 units, reinforcing its status as a global export hub.
December 2024 Snapshot
Total sales for December 2024 stood at 55,078 units, comprising:
42,208 units sold domestically.
12,870 units exported.
Comparatively, December 2023 saw sales of 56,450 units (domestic: 42,750 units; exports: 13,700 units), reflecting a slight dip of 2.4% overall.
Annual Sales Comparison:
| Category | December 2024 | December 2023 | % Growth | CY 2024 (Jan- Dec) | CY 2023 (Jan - Dec) | % Growth |
|---|---|---|---|---|---|---|
| Domestic Sales | 42,208 | 42,750 | -1.3% | 6,05,433 | 6,02,111 | 0.6% |
| Exports | 12,870 | 13,700 | -6.1% | 1,58,686 | 1,63,675 | -3.0% |
| Total Sales | 55,078 | 56,450 | -2.4% | 7,64,119 | 7,65,786 | -0.2% |
Leadership Insights
Mr. Tarun Garg, Whole-Time Director and COO of HMIL, expressed confidence in the brand's ability to meet evolving customer expectations. “HMIL has managed to sustain sales momentum in 2024, despite strong headwinds faced by the industry at large. Achieving highest ever domestic sales three years in a row, reflects customers’ preference for brand Hyundai as their trusted smart mobility solutions provider.
Introduction of the innovative Hy-CNG Duo technology in 2024 resonated well with buyers, translating to the highest ever CNG contribution of 13.1% to HMIL’s domestic sales in CY 2024, against 10.4% in CY 2023. By achieving highest ever yearly domestic sales of 1,86,919 units, Hyundai CRETA continued to strengthen HMIL’s position as an SUV leader, helping HMIL accomplish its highest ever domestic SUV contribution of 67.6% in CY 2024. We are confident that the upcoming CRETA Electric, will further expand the appeal of this Undisputed, Ultimate SUV.”
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