Hyundai Motors reports 49,013 unit sales which is down Year-on-Year (YoY) by 3.33% and Month-on-Month (MoM) by 2.18%.
Hyundai’s sales report for July 2024 reveals notable trends and shifts across its model lineup. The Creta SUV maintains its top position with 17,350 units sold, marking a 23.38% year-over-year (YoY) increase from last year’s 14,062 units, and a month-over-month (MoM) growth of 6.49% compared to June 2024’s 16,293 units. The Creta EV, expected to launch in India in January 2025, will feature an identical design and similar features to its ICE counterpart.
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Hyundai Motors July 2024 Sales
| Hyundai Sales Comparison July 2024 vs July 2023 | ||||
| Hyundai Sales | July 2024 | July 2023 | Difference in Units | Growth YoY % |
| Creta | 17,350 | 14,062 | 3,288 | 23.38% |
| Venue | 8,840 | 10,062 | -1,222 | -12.14% |
| Exter | 6,037 | 7,000 | -963 | -13.76% |
| i20 | 4,937 | 5,001 | -64 | -1.28% |
| Grand i10 Nios | 4,922 | 5,337 | -415 | -7.78% |
| Aura | 4,757 | 4,514 | 243 | 5.38% |
| Verna | 1,420 | 2,858 | -1,438 | -50.31% |
| Alcazar | 585 | 1,443 | -858 | -59.46% |
| Tucson | 129 | 239 | -110 | -46.03% |
| Ioniq 5 | 36 | 125 | -89 | -71.20% |
| Kona | 0 | 60 | -60 | -100.00% |
| Total | 49,013 | 50,701 | -1,688 | -3.33% |
The Venue secures the second spot with 8,840 units sold in July 2024. Despite a YoY decline of 12.14% from 10,062 units in July 2023, the model shows a MoM decrease of 10.62% from June 2024’s 9,890 units. Hyundai plans to introduce a new-generation Venue in 2025, which will include upgrades and new features. The Exter’s sales in July 2024 reached 6,037 units, showing a decline from 7,000 units in July 2023 and a 12.61% MoM decrease from 6,908 units in June 2024.
| Hyundai Sales Comparison July 2024 vs June 2024 | ||||
| Hyundai Sales | July 2024 | June 2024 | Difference in Units | Growth MoM % |
| Creta | 17,350 | 16,293 | 1,057 | 6.49% |
| Venue | 8,840 | 9,890 | -1,050 | -10.62% |
| Exter | 6,037 | 6,908 | -871 | -12.61% |
| i20 | 4,937 | 5,315 | -378 | -7.11% |
| Grand i10 Nios | 4,922 | 4,948 | -26 | -0.53% |
| Aura | 4,757 | 4,299 | 458 | 10.65% |
| Verna | 1,420 | 1,424 | -4 | -0.28% |
| Alcazar | 585 | 882 | -297 | -33.67% |
| Tucson | 129 | 114 | 15 | 13.16% |
| Ioniq 5 | 36 | 30 | 6 | 20.00% |
| Kona | 0 | 0 | 0 | – |
| Total | 49,013 | 50,103 | -1,090 | -2.18% |
The i20, which received a facelift last year, recorded 4,937 units sold in July 2024, a slight YoY decrease of 1.28% from 5,001 units in July 2023 and a 7.11% MoM decline from 5,315 units in June 2024. The Grand i10 Nios and Aura both experienced declines in sales. The Grand i10 Nios sold 4,922 units in July 2024, down 7.78% YoY and 0.53% MoM, while the Aura sold 4,757 units, marking a 5.38% YoY increase but a 10.65% MoM growth from June 2024.
The Verna’s sales dropped significantly to 1,420 units in July 2024, a 50.31% YoY decrease from 2,858 units in July 2023, and a 0.28% MoM decrease from 1,424 units in June 2024. The Alcazar experienced a sharp decline with only 585 units sold in July 2024, a 59.46% YoY drop from 1,443 units in July 2023, and a 33.67% MoM decrease from 882 units in June 2024. A facelift for the Alcazar, including major design and interior changes, is expected to launch in September 2024.
The Tucson sold 129 units in July 2024, reflecting a 46.03% YoY decline from 239 units in July 2023 but a 13.16% MoM increase from 114 units in June 2024. The Ioniq 5 sold 36 units in July 2024, a decrease from 125 units in July 2023 but a 20% MoM increase from 30 units in June 2024. The Kona did not record any sales in July 2024, down from 60 units in July 2023. Hyundai has discontinued the Kona EV for the Indian market, to be replaced by the Creta EV, which will use the same battery specifications.
Overall, Hyundai’s total sales for July 2024 were 49,013 units, reflecting a YoY decline of 3.33% from 50,701 units in July 2023 and a MoM decrease of 2.18% from 50,103 units in June 2024.
Conclusion
The Hyundai sales report for July 2024 shows mixed performance across its model lineup. While the Creta continues to dominate with significant YoY and MoM growth, other models like the Venue and Exter are facing declines. The introduction of new models and updates, such as the anticipated Creta EV and the new-generation Venue, are likely to impact future sales positively.
However, the overall decline in total sales indicates challenges that Hyundai needs to address, particularly in maintaining the momentum for its other models. The company’s strategy to introduce facelifts and new features could help rejuvenate interest and boost sales in the coming months.
Hyundai Upcoming Car Launches –
1. Hyundai Alcazar Facelift [Launch: September 2024]
2. Hyundai Creta EV [Launch: January 2025]
3. Hyundai Tucson Facelift [Launch: 2025]
4. Hyundai Venue New-Gen [Launch: Late 2025]
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