Hyundai Motor India Limited — Updates, 01-12-2024: Press Release

Hyundai Motor India Limited reported total sales of 61,252 units for November 2024, comprising domestic sales of 48,246 units and exports of 13,006 units. Compared to the previous year, domestic sales showed a slight decline of 2.4%, while exports fell by 20.5%, leading to an overall sales decrease of 6.9%. Despite the drop, year-to-date (Jan-Nov 2024) sales remain steady at 709,041 units, similar to the prior year. Notably, SUVs accounted for 68.8% of domestic sales, strengthening HMIL's market position. The company achieved a record rural sales contribution of 22.1%, enhancing its outreach. Additionally, CNG vehicles, featuring the Hy-CNG Duo technology, made up 14.4% of sales, reflecting innovative efforts to meet market demands. Investors should monitor these trends as HMIL navigates market challenges while pursuing growth opportunities.