In FY 23-24, Hyundai Motors India Limited saw a 7% YoY increase in total sales, with domestic sales reaching 614,721 units and exports totaling 163,155 units, marking an 8% YoY growth in cumulative sales.
Hyundai Motors Sales – March and Annual Sales Details!
In the FY 2023-2024, Hyundai Motor India Limited (HMIL) experienced notable productivity, marked by positive growth compared to the previous FY 2022-2023. Breaking down the sales figures, Hyundai achieved sales of 53,001 units in the domestic, while 12,600 units were exported to global markets.
| Sales | March 2024 | March 2023 | Difference in Units | Difference in % |
|---|---|---|---|---|
| Domestic | 53,001 | 50,600 | 2,501 | 5% |
| Exports | 12,600 | 10,900 | 1,700 | 16% |
| Total | 65,601 | 61,500 | 4,101 | 7% |
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Comparing these figures to the 50,600 units sold domestically in March 2023 and 50,201 units in February 2024, there was a 5% year-over-year (YoY) growth and a 5.58% month-over-month (MoM) growth. In terms of exports, Hyundai recorded a 16% YoY growth from the 10,900 units shipped the previous year and a 22.33% MoM growth compared to February 2024’s 10,300 units.
Total sales for March 2024 reached 65,601 units, up by 7% YoY from the 61,500 units sold in March 2023 and up by 8.43% MoM from the 60,501 units sold in February 2024. Hyundai’s domestic lineup includes models like Grand i10 NIOS, Aura, i20, Venue, Exter, Creta, Verna, Alcazar, Tucson, among others.
| Sales | FY 2023-24 | FY 2022-23 | Difference in Units | Difference in % |
|---|---|---|---|---|
| Domestic | 6,14,721 | 5,67,546 | 47,175 | 8.3% |
| Exports | 1,63,155 | 1,53,019 | 10,136 | 6.7% |
| Total | 7,77,876 | 7,20,565 | 57,311 | 8% |
In FY 2023-2024, Hyundai Motors India Limited achieved sales of 6,14,721 units in the domestic market, reflecting an 8.3% YoY growth over the 5,67,546 units sold in FY 2022-2023. Export-wise, there was a 6.7% YoY growth, with 1,63,155 units shipped in FY 2023-2024, up from 1,53,019 units in FY 2022-2023. Cumulative sales for FY 2023-2024 reached 7,77,876 units, marking an impressive 8% YoY growth.
Here’s what Mr. Tarun Garg, Chief Operating Officer of Hyundai Motors Limited had to say on the sales performance, “FY 23-24 sales number of 7.77 lacs is a testimony to the great acceptance of our diverse product line-up with 8% year-on-year growth over LY in total sales. In the domestic market, HMIL sales surged by 8.3% in 2023-24 against the previous year. These are the highest sales reported by HMIL since inception.
In 2023-24, we launched many new models as well as product upgrades including EXTER, new CRETA, CRETA N LINE, new i-20 and introduction of ADAS in Hyundai VENUE and VENUE N Line. HMIL’s pursuit of technology & innovation was also recognized by critics, and the coveted ‘Car of The Year’ title was awarded to the EXTER, VERNA and IONIQ 5 by prominent Indian Automotive media. Infact, the three products together amassed over 50 awards cumulatively for HMI in this FY. As we move forward into 2024-25, we will continue to work diligently towards creating more excitement and enhanced value for our beloved customers.”
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