Hyundai sales rise 7% at 63,551 units in May as SUVs drive growth

PTI Updated - June 01, 2024 at 12:54 PM.
Hyundai Motors | Photo Credit: REUTERS

Hyundai Motor India Ltd (HMIL) on Saturday reported a 7 per cent year-on-year increase in total sales at 63,551 units in May.

Hyundai Motors sold a total of 59,601 units in May 2023, the company said in a statement.

Domestic dispatch of vehicles to dealers saw a 1 per cent rise to 49,151 units last month from 48,601 units in the year-ago period.

Hyundai’s 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,” Hyundai Motor India’s 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.

Published on June 1, 2024 07:24

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.