Hyundai reported a total of 351,516 units sold globally in June 2024, marking a 6.3% decrease from June 2023. Of these, 291,712 units were sold outside South Korea, a 4.4% decrease year-on-year, and 59,804 units were sold within South Korea, a 14.8% decrease from the previous year. Notably, Hyundai sold over 18,000 electric vehicles globally in June 2024.
In the Indian market, Hyundai sold 50,103 units in June 2024, slightly up from 50,001 units in June 2023, showing a marginal growth of 0.20%. The SUV segment, particularly models like the Creta, Venue, and Exter, contributed significantly to these numbers
Hyundai Vehicle Sales in India (June 2024 vs. June 2023)
Hyundai's sales in India showed slight growth in June 2024 compared to the same period last year, driven primarily by strong performances from the Creta and the introduction of the Exter.
Analysis of Hyundai Models (June 2024)
- Hyundai Creta: Continues to dominate with a 12.78% YoY increase, indicating strong consumer preference for compact SUVs.
- Hyundai Venue: Experienced a 14.79% decline, potentially due to rising competition in the subcompact SUV market.
- Hyundai Exter: New to the market, with strong initial sales showing a successful launch and high consumer interest.
- Hyundai i20: Saw a 13.75% drop, reflecting challenges in the competitive hatchback segment.
- Hyundai Grand i10 Nios: Faced a significant 21.72% decline, likely due to the shift towards SUVs and crossovers.
- Hyundai Aura: Sales decreased by 12.39%, possibly impacted by the sedan market's contraction.
- Hyundai Verna: Suffered a substantial 64.41% drop, indicating struggles in a highly competitive market.
- Hyundai Alcazar: Declined by 58.38%, suggesting difficulties in the premium SUV segment.
- Hyundai Tucson: Sales fell by 56.65%, possibly due to intense competition in the midsize SUV category.
- Hyundai Ioniq 5: Saw a 70% decline, highlighting challenges in the EV market.
- Hyundai Kona: Sales dropped to zero, indicating either discontinuation or a severe demand issue.
This comprehensive analysis provides insights into how each model is performing in the competitive landscape