HMI reports highest ever annual total sales of 7.77 Lakh Units in FY 2023-24, growth of 8%


April 1st , 2024


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  • Hyundai Motor India registered highest ever domestic sales of 6.14 lakh units in FY 23-24 with a YOY growth of 8.3% over LY.
  • Total Sales of 65 601 Units (Domestic: 53 001 units & Exports: 12 600 units) in March 2024, an increase of 7% over LY.
  • Robust export performance of over 1.63 Lakhs units in FY 23-24, with a YOY growth of 6.7% over LY.
  • Hyundai Motor India witnessed stellar growth in major model segments. IONIQ 5, CRETA, EXTER, & AURA registered their highest ever annual numbers.

Gurugram: Hyundai Motor India Ltd., has registered its highest ever total sales of 7 77 876 units in FY 23-24 with a YOY growth of 8.0% over LY. The Company also reported highest ever domestic sales since inception of 6 14 721 units in FY 23-24 backed by robust demand for its products in India. Export for the year stood at 1 63 155 units with 6.7% growth over last year. In the month of March 2024, the company reported total sales of 65 601 units including 53 001 units in domestic market and 12 600 units of exports.

Commenting on the sales performance, Mr. Tarun Garg, COO, Hyundai Motor India Limited, said, “FY 23-24 sales number of 7.77 lacs is a testimony to the great acceptance of our diverse product line-up with 8% year-on-year growth over LY in total sales. In the domestic market, HMIL sales surged by 8.3% in 2023-24 against the previous year. These are the highest sales reported by HMIL since inception. In 2023-24, we launched many new models as well as product upgrades including EXTER, new CRETA, CRETA N LINE, new i-20 and introduction of ADAS in Hyundai VENUE and VENUE N Line. HMIL’s pursuit of technology & innovation was also recognized by critics, and the coveted ‘Car of The Year’ title was awarded to the EXTER, VERNA and IONIQ 5 by prominent Indian Automotive media. Infact, the three products together amassed over 50 awards cumulatively for HMI in this FY. As we move forward into 2024-25, we will continue to work diligently towards creating more excitement and enhanced value for our beloved customers.”



Source: hyundai.com

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