HMIL's sales for January to October 2024 totaled 647,789 units.Hyundai Motor India Ltd (HMIL) reported a 2% increase in total sales for October 2024 with 70,078 units sold, compared to 68,728 units in October 2023. This increment includes marginal domestic sales growth and a significant rise in exports. HMIL's sales for January to October 2024 totaled 647,789 units.
Domestic sales slightly increased to 55,568 units this October, from 55,128 units in October 2023, marking a 0.8% growth year-over-year. Meanwhile, exports saw a rise of 6.7%, reaching 14,510 units compared to 13,600 units in the same month last year.
Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL, noted strong demand for the company's SUV portfolio during the festive period. "We witnessed a strong demand for our SUV portfolio during the festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including the highest ever monthly domestic sales of the Hyundai CRETA at 17,497 units. SUVs remain a cornerstone of our lineup, representing an impressive 68.2% of our total monthly sales in October 2024, with similar penetration in urban as well as rural markets. This strong demand underscores the broad appeal of our SUV line-up and our commitment to delivering quality and performance to all our customers."
CNG sales
The overall increase in sales, particularly in the SUV and CNG segments, underlines the company's successful market strategies and consumer appeal. The robust performance in October adds to HMIL's strong year-to-date sales figures.
Garg also highlighted the growth in CNG sales, attributing it to HMIL's innovative Hy-CNG technology. "We continue to bolster our CNG penetration and HMIL’s innovative Hy-CNG technology has helped us achieve highest ever CNG sales volume of 8,261 units thereby contributing 14.9% to domestic sales volume in October 2024. We wish all our customers joyous festivities."
