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Hyundai Motor India Records Impressive Sales in May 2024

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 SalesMay2024May2023%GrowthYTD(Jan–May 2024)YTD(Jan–May 2023)%Growth
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