NEW DELHI New Delhi: Hyundai Motor India Ltd (HMIL) on Friday said it recorded total sales of 70,078 units last month, the third highest domestic sales and third highest monthly total sales number since its inception. October Domestic sales stood at 55,568 units and exports stood at 14,510 units – an overall sales growth of 2 per cent over the year-ago period (total 68,728 units). Exports alone saw a growth of 6.7 percent over the same month last year (13,600 units).
In the January-October period, the automaker achieved total sales of 6,47,789 units, including both domestic and export figures, a growth of 0.7 per cent over the same period last year (643,535 units). Whole-time Director of HMIL and According to Chief Operating Officer Tarun Garg, they saw strong demand for the SUV portfolio during the festive period. This led to “our highest ever monthly SUV sales of 37,902 units, including Hyundai Creta's highest ever monthly domestic sales of 17,497 units.” SUVs remain the backbone of our lineup, accounting for 68.2 per cent of our total monthly sales in October 2024, with equal penetration in urban and rural markets,” Garg said.
He said the company continues to strengthen its CNG penetration and HMIL's innovative Hi-CNG technology has “helped us achieve the highest-ever CNG sales volume of 8,261 units, thereby driving domestic sales volumes in October 2024.” The Indian subsidiary of South Korean automotive giant Hyundai Motor made its stock market debut in a $3.3 billion IPO last month. The stock was trading at Rs 1,822.40 per share on Friday.
India serves as a major global production base for the Korean automotive giant. Last year, Hyundai produced 765,000 vehicles in India. Hyundai Motor India is India's second largest car manufacturer after Japan's Maruti Suzuki. The automaker plans to invest around Rs 32,000 crore for India by 2032 as the company expects strong and steady growth in the electric vehicle market till 2030.
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