Hyundai Motor India sales sees marginal increment of 2 per cent

NEW DELHI: Hyundai Motor India Ltd ( HMIL ) on Friday reported a slight increase of 2 per cent in total sales at 70,078 units in October as compared to 68,728 units in FY24. There was a marginal increase in domestic sales at 55,568 units last month as compared to 55,128 units in October 2023, the newly listed firm said in a regulatory filing.

He said that exports had increased by 6.7 per cent, soaring at 14,510 units as compared to 13,600 units in the corresponding month, a year ago it added.

"We witnessed a strong demand for our SUV portfolio during the festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including the highest-ever monthly domestic sales of the Hyundai CRETA at 17,497 units," HMIL Chief Operating Officer, Tarun Garg said.

SUVs continue to be a center element for the company, accounting for 68.2 per cent of total monthly sales in October 2024. This strong performance is consistent across both urban and rural markets, he stated.

The automobile giant had earlier launched its IPO in October and proceeded to become the largest public issue in India’s history.