Hyundai Motor India Limited (HMIL) has achieved a remarkable sales milestone for July 2024, driven by unprecedented demand for its SUV lineup. The company reported a total of 64,563 units sold last month, including 49,013 units domestically and 15,550 units for export markets.
This performance highlights Hyundai's strategic pivot towards SUVs, particularly the standout new Hyundai Creta, which launched in January this year. Hyundai’s SUV segment, now represents 66.6% of the company’s domestic sales, with Creta, surpassing 100,000 units in sales by July.
Additionally, the CRETA achieved its highest-ever monthly domestic sales with 17,350 units sold in July alone, setting a new industry benchmark.
Mr. Tarun Garg, Whole-time Director and COO, HMIL shared his thoughts on the matter in a Press Release. He said, “We have posted an overall sales growth of 4.31% Year-on-Year in the period of January to July 2024. SUVs continue to demonstrate a robust contribution, accounting for 66.6% of total HMIL domestic sales. The new Hyundai CRETA achieved key milestones of 1 Lakh unit sales till July 2024, while also achieving highest ever monthly domestic sales of 17,350 units in July 2024.”
Though July saw a slight decline in overall sales compared to the previous year, the impressive YTD performance and the Creta’s success indicates a promising trajectory for Hyundai.
