Hyundai Motor India Ltd (HMIL) announces 64,803 unit sales in June 2024. This accounts for 50,103 units in the domestic and 14,700 units in export market. With this, the local subsidiary of the Korean auto giant posts a total sale of 385,772 units in H1, 2024. This corresponds to a 5.68% YoY growth. It also helps the carmaker establish a clear lead over Tata Motors, which sold 43,524 units last month. Helping HMIL with the strong performance are SUVs like the Exter, Venue, and Creta, which account for 66% of domestic sales in the first-half of CY2024.
Commenting on the sales performance, Mr. Tarun Garg, COO, Hyundai Motor India Limited said, โWe closed H1 of CY2024 with an overall sales growth of 5.68% Year-on-Year. SUVs have contributed strongly, accounting for 66% of our domestic sales. The new Hyundai CRETA has been a key driver for Domestic H1 sales with 91,348 units sold, a growth of 11% over the same period last year.โ
Hyundai Motor India Ltd Establishes Clear Sales Lead Over Tata Motors
| March 2024 | April 2024 | May 2024 | June 2024 | |
| Hyundai Motor India Ltd | 53,001 | 50,201 | 49,151 | 50,103 |
| Tata Motors | 50,297 | 47,885 | 46,700 | 43,524 |
Hyundai has outperformed Tata Motors on sales charts for the fourth consecutive month. In March this year, HMIL sold 53,001 units, while its arch-rival could sell 50,297 units in the same period. Maintaining this lead, Hyundai sold 50,201 units versus 47,885 units by Tata in April 2024. Solidifying its position as the second-largest carmaker, Hyundai retailed 49,151 units in May 2024 while Tata retailed 46,700 in the same month. Coming to last month, Hyundai increased its lead over one of its strongest rivals (50,103 vs 43,524 units).
Our View
I always find it pretty intriguing to witness healthy competition among carmakers. Both Hyundai and Tata Motors boast a wide portfolio, which comprises some of the most popular cars on sale today. Moreover, both have a strong SUV lineup that attracts many new customers every month. Moreover, with the launch of the Exter, Hyundai has come up with a strong rival to the immensely successful Tata Punch. What this translates to is a wider choice for the car buying lot, thereby helping one choose a product that suits him to the T. Finally, with the Tata CURVV on the horizon, soon, the Hyundai Creta will have an all-new rival to fend off the heat from. With such action-filled times ahead, it will be interesting to see if Hyundai continues to maintain a strong sales-lead over Tata Motors.
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