Gurugram | June 01, 2024: Hyundai Motor India Ltd. (HMIL) announced a notable achievement with total sales of 63,551 units in May 2024. The company reported 49,151 units in domestic sales and 14,400 units in exports. This marks a 6.63% increase compared to the same period last year.
Export sales surged impressively, showing a robust growth of 31% in May 2024. Rural markets contributed significantly, accounting for 20.1% of domestic sales. SUVs continued to be a major growth driver, comprising 67% of HMIL’s domestic sales.
Reflecting on the sales performance, Tarun Garg, COO of Hyundai Motor India Ltd., stated, “We have maintained a healthy total sales volume in May 2024, despite a week-long routine bi-annual maintenance shutdown at our Sriperumbudur factory. SUVs continue to be a growth driver for HMIL, accounting for more than 67% of domestic sales last month. Our rural penetration stood at a healthy 20.1% in May.”
| HMIL Sales | May2024 | May2023 | %Growth | YTD(Jan–May 2024) | YTD(Jan–May 2023) | %Growth |
| Domestic | 49,151 | 48,601 | 1.13% | 2,59,669 | 2,46,009 | 5.55% |
| Exports | 14,400 | 11,000 | 31% | 61,300 | 53,420 | 15% |
| Total | 63,551 | 59,601 | 6.63% | 3,20,969 | 2,99,429 | 7.2% |
