Hyundai Motor India Sees Sales Surge in May 2024 with SUV Boon
Hyundai Motor India Ltd (HMIL) reported a 7% year-on-year increase in total sales for May 2024, achieving 63,551 units. Domestic dispatches rose by 1% to 49,151 units, while exports grew 31% to 14,400 units. Despite a week-long maintenance shutdown, SUVs remained key growth drivers, contributing to 67% of domestic sales.
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Hyundai Motor India Ltd (HMIL) on Saturday reported 7 per cent year-on-year increase in total sales at 63,551 units in May.
The company sold a total of 59,601 units in May 2023, HMIL said in a statement.
Domestic dispatch of vehicles to dealers saw 1 per cent rise to 49,151 units last month from 48,601 units in the year-ago period.
Exports grew 31 per cent in May to 14,400 units, as compared with 11,000 units in the year-ago period.
''We have maintained a healthy total sales volume in May 2024, despite a week-long routine bi-annual maintenance shutdown at our Sriperumbudur factory,'' HMIL COO Tarun Garg said.
SUVs continue to be a growth driver for HMIL, accounting for more than 67 per cent of domestic sales last month, he added.
''Our rural penetration stood at a healthy 20.1 per cent in May,'' Garg said.
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