Hyundai Sales Figures December 2024 reveal a mixed performance across segments, reflecting shifting consumer preferences and market trends. While SUVs like the Creta and Alcazar posted strong year-over-year (Y-o-Y) growth, some models, including the Exter and Grand i10, faced notable declines. Here’s a detailed breakdown of Hyundai Sales Figures December 2024 and key insights into their performance.
Key Highlights: Hyundai Sales Figures December 2024
- SUV Segment Strength: The Creta and Alcazar dominated sales, showcasing Hyundai’s robust presence in the SUV market.
- Compact Hatchbacks Under Pressure: Models like the Grand i10 and i20 reported declines, indicating a shift towards SUVs and premium models.
- Sedan Performance: The Verna delivered a notable Y-o-Y increase, demonstrating resilience despite M-o-M drops.
- Electric Vehicles Face Challenges: Hyundai’s EV models, including the Ioniq 5 and Kona, experienced sharp declines, signaling slower EV adoption.
Model-Wise Sales Breakdown: Hyundai Sales Figures December 2024
Top Performers
- Creta (SUV): 12,608 units sold (+36% Y-o-Y, -18% M-o-M)
- Continues to dominate the SUV segment with strong annual growth, despite a seasonal decline compared to November.
- Venue (SUV): 10,265 units sold (-1% Y-o-Y, +5% M-o-M)
- Stable performance highlights its role as a compact SUV favorite.
- Alcazar (SUV): 1,342 units sold (+41% Y-o-Y, +11% M-o-M)
- Demonstrates growing popularity in the premium 7-seater SUV category.
Declining Models
- Exter (SUV): 5,270 units sold (-30% Y-o-Y, -8% M-o-M)
- Faces competition from rivals in the compact SUV market, showing notable declines.
- Grand i10 (Hatchback): 4,489 units sold (-14% Y-o-Y, -21% M-o-M)
- Decline reflects weakening demand for compact hatchbacks in favor of SUVs.
- i20 (Hatchback): 3,453 units sold (-25% Y-o-Y, -19% M-o-M)
- Struggles to retain its market share as SUV preference rises.
- Tucson (SUV): 33 units sold (-84% Y-o-Y, -61% M-o-M)
- Faces challenges in the premium SUV segment due to higher competition.
Special Mentions
- Verna (Sedan): 872 units sold (+22% Y-o-Y, -59% M-o-M)
- Strong annual growth highlights its appeal, although monthly declines suggest seasonality.
- Aura (Sedan): 3,852 units sold (+1% Y-o-Y, -2% M-o-M)
- Maintains stability, appealing to buyers seeking compact sedans with affordability.
- Ioniq 5 (EV): 24 units sold (-70% Y-o-Y, +9% M-o-M)
- Positive monthly growth, but annual performance signals challenges in the EV segment.
Category-Wise Insights: Hyundai Sales Figures December 2024
SUVs: Driving Growth Hyundai’s SUVs, particularly the Creta, Venue, and Alcazar, led sales, reflecting the growing dominance of SUVs in India. The Creta remains a market leader, while the Alcazar showed significant growth as a premium offering.
Hatchbacks: Facing Challenges Compact hatchbacks like the Grand i10 and i20 faced double-digit declines, indicating a shift in buyer preferences towards SUVs and crossovers.
Sedans: Steady but Declining Monthly Trends While the Verna and Aura showed stability and growth Y-o-Y, their monthly figures reveal a need for new features and updates to sustain momentum.
Electric Vehicles: Slow Adoption The Ioniq 5 and Kona struggled to gain traction, reflecting slower adoption of EVs in India. Infrastructure challenges and higher prices continue to impact their growth.
Trends and Takeaways: Hyundai Sales Figures December 2024
- SUV Dominance: SUVs like the Creta and Venue continue to drive sales, indicating a strong market preference for spacious and feature-rich vehicles.
- Hatchback Decline: Declining sales of models like the Grand i10 and i20 point to a shift away from compact cars.
- Premium Segments Grow: The Alcazar and Verna highlight growing interest in premium and feature-loaded vehicles.
- EV Struggles: Hyundai’s EVs face slow adoption, emphasizing the need for improved infrastructure and pricing strategies.
Challenges for Hyundai
- Compact Car Decline: Hyundai’s hatchbacks are losing ground as buyers increasingly prefer SUVs and larger vehicles.
- EV Market Hurdles: Hyundai’s electric lineup requires better positioning and support to compete effectively.
- High Competition in SUVs: Despite strong sales, competition from Tata, Mahindra, and Maruti Suzuki remains intense.
Future Outlook for Hyundai
Hyundai’s focus on SUVs and premium models positions it well for 2025. Expanding the EV lineup with competitive pricing and better infrastructure support will be key to growth.
To address declining hatchback sales, Hyundai may need refreshed designs and updated features to regain traction in this segment.
| Make | Model | Dec’24 | Dec’23 | Growth | Dec’24 | Nov’24 | Growth |
| Hyundai | Creta | 12,608 | 9,243 | 36% | 12,608 | 15,452 | -18% |
| Hyundai | Venue | 10,265 | 10,383 | -1% | 10,265 | 9,745 | 5% |
| Hyundai | Exter | 5,270 | 7,516 | -30% | 5,270 | 5,747 | -8% |
| Hyundai | Grand i10 | 4,489 | 5,247 | -14% | 4,489 | 5,667 | -21% |
| Hyundai | Aura | 3,852 | 3,812 | 1% | 3,852 | 3,925 | -2% |
| Hyundai | i20 | 3,453 | 4,574 | -25% | 3,453 | 4,248 | -19% |
| Hyundai | Alcazar | 1,342 | 954 | 41% | 1,342 | 1,213 | 11% |
| Hyundai | Verna | 872 | 712 | 22% | 872 | 2,134 | -59% |
| Hyundai | Tucson | 33 | 209 | -84% | 33 | 84 | -61% |
| Hyundai | Inoniq5 | 24 | 81 | -70% | 24 | 22 | 9% |
| Hyundai | Kona | 0 | 19 | -100% | 0 | 22 | -100% |
Conclusion: Hyundai Sales Figures December 2024 in Review
Hyundai Sales Figures December 2024 highlight strong performances in the SUV category, particularly the Creta and Alcazar, while hatchbacks and EVs faced challenges. Hyundai’s adaptability in addressing evolving preferences will play a vital role in maintaining its position in the competitive Indian automotive market.