HMIL's total sales for 2024, including exports, reached 7,64,119 units. This demonstrates the company's significant presence in both the domestic and international markets.Hyundai Motor India Limited (HMIL) achieved record-breaking domestic sales of 6,05,433 units in 2024, marking its third consecutive year of growth. This success is attributed to strong customer preference, the popularity of its SUV models, particularly the Creta , and the increasing adoption of its Hy-CNG Duo technology. Despite a slight dip in December sales and exports, the company's overall performance remained strong, fueled by domestic demand. HMIL is optimistic about the future, with the upcoming Creta Electric expected to further boost its market position.
HMIL's total sales for 2024, including exports, reached 7,64,119 units. This demonstrates the company's significant presence in both the domestic and international markets.
In December 2024, HMIL recorded total sales of 55,078 units. This comprises 42,208 domestic units and 12,870 export units. While December sales showed a minor decrease of 2.4% compared to December 2023, the overall yearly performance remained robust.
Hyundai Creta driving the sales
The Hyundai Creta achieved its highest-ever domestic sales of 1,86,919 units in 2024. This strong performance solidified HMIL's leadership in the SUV segment. SUVs represented a record 67.6% of HMIL's total domestic sales. This signifies the growing popularity of SUVs in the Indian market.
The Hy-CNG Duo technology contributed 13.1% to HMIL’s domestic sales in 2024. This marks an increase from 10.4% in 2023. This demonstrates the increasing demand for sustainable and economical transportation options.
“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,” stated Tarun Garg, Whole-time Director and Chief Operating Officer of HMIL.
“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 Lakh units, Hyundai Creta continued to strengthen HMIL's position as an SUV leader, helping HMIL accomplish highest ever domestic SUV contribution of 67.6% in CY 2024.”
Exports
HMIL exported 1,58,686 units in 2024. This reinforces India's role as a significant export hub for Hyundai vehicles. Despite a slight decline of 3.0% in exports compared to 2023, the strong domestic sales compensated for the decrease.
Garg expressed confidence in the future success of the Creta Electric. He believes the new model will enhance the appeal of the Creta brand.
