Hyundai Sales Figures November 2024
Hyundai, a leader in the Indian automotive market, presented a mixed performance in November 2024. While its flagship SUV, the Creta, dominated sales with impressive YoY growth, other models faced headwinds. The brand’s compact and electric vehicle segments showed contrasting trends, offering insights into changing consumer preferences.
Key Highlights
- Creta Leads the Pack: The Hyundai Creta registered a stellar 31% YoY growth, solidifying its position as the top-selling SUV in Hyundai’s lineup.
- Compact SUVs Struggle: The Exter and Venue, once strong contenders, experienced double-digit declines in both YoY and MoM growth.
- Steady Growth in Sedans: Models like the Grand i10 and Xcent/Aura saw modest yet notable increases in YoY sales, indicating continued demand for compact sedans.
- Electric Challenges: The Ioniq 5 and Kona faced steep declines, underscoring the struggles of Hyundai’s EV lineup to gain traction.
- Premium SUVs Slide: The Tucson witnessed a sharp decline, with sales dropping 40% MoM, highlighting challenges in the premium SUV segment.
Model-Wise Sales Breakdown
Top Performers
Hyundai Creta
- November 2024 Sales: 15,452 units
- YoY Growth: 31%
- MoM Growth: -12%
The Creta continues to be a cornerstone for Hyundai, combining strong design, features, and performance to dominate the mid-size SUV segment.
Grand i10
- November 2024 Sales: 5,667 units
- YoY Growth: 20%
- MoM Growth: -9%
The Grand i10 remains a favorite among urban buyers, thanks to its affordability, practicality, and fuel efficiency.
Xcent/Aura
- November 2024 Sales: 4,248 units
- YoY Growth: 10%
- MoM Growth: -12%
Hyundai’s compact sedan lineup continues to appeal to small families and fleet operators, showcasing steady growth.
Declining Models
Hyundai Exter
- November 2024 Sales: 5,747 units
- YoY Growth: -31%
- MoM Growth: -19%
Despite its initial success, the Exter is now grappling with declining sales, possibly due to intensified competition in the compact SUV space.
Venue
- November 2024 Sales: 9,745 units
- YoY Growth: -13%
- MoM Growth: -11%
The Venue’s decline reflects the growing competition and shifting buyer preferences toward larger SUVs.
Ioniq 5
- November 2024 Sales: 22 units
- YoY Growth: -77%
- MoM Growth: -31%
Hyundai’s flagship EV continues to face challenges in gaining traction, likely due to its premium pricing and limited charging infrastructure.
Category-Wise Insights
SUVs Dominate but Struggle with Consistency
The Creta emerged as Hyundai’s standout performer, but other SUVs like the Venue and Exter faced significant declines, indicating heightened competition in this space.
Sedans Show Resilience
Compact sedans like the Grand i10 and Xcent/Aura managed to grow YoY, proving that there’s still a market for practical, budget-friendly family cars.
EVs Need a Boost
The steep decline in sales for the Ioniq 5 and the absence of sales for the Kona highlight the challenges Hyundai faces in India’s EV market, particularly in the premium segment.
Trends and Takeaways
- SUVs Drive Growth: Hyundai’s focus on SUVs like the Creta continues to pay off, but compact models like the Exter and Venue need attention.
- EV Challenges: With declining sales in the electric segment, Hyundai needs to reassess its strategy to compete effectively in the growing EV market.
- Sedans Hold Their Ground: The steady performance of sedans indicates that not all buyers are moving to SUVs, and there’s still demand for compact and mid-size sedans.
Future Outlook for Hyundai
Hyundai’s strength lies in its SUV portfolio, with the Creta leading the charge. However, addressing the declining sales in its compact SUVs and EV segments will be crucial. Expanding the EV lineup with more affordable options and investing in charging infrastructure could help Hyundai tap into the growing demand for green vehicles.
| Make | Model | NOV’24 | Nov’23 | Growth | NOV’24 | OCT’24 | Growth |
| Hyundai | Creta | 15,452 | 11,814 | 31% | 15,452 | 17,497 | -12% |
| Hyundai | Venue | 9,745 | 11,180 | -13% | 9,745 | 10,901 | -11% |
| Hyundai | Exter | 5,747 | 8,325 | -31% | 5,747 | 7,127 | -19% |
| Hyundai | Grand i10 | 5,667 | 4,708 | 20% | 5,667 | 6,235 | -9% |
| Hyundai | Xcent/Aura | 4,248 | 3,850 | 10% | 4,248 | 4,805 | -12% |
| Hyundai | i10 Elite | 3,925 | 5,727 | -31% | 3,925 | 5,354 | -27% |
| Hyundai | Alcazar | 2,134 | 1,913 | 12% | 2,134 | 2,204 | -3% |
| Hyundai | Verna | 1,213 | 1,701 | -29% | 1,213 | 1,272 | -5% |
| Hyundai | Tucson | 84 | 118 | -29% | 84 | 141 | -40% |
| Hyundai | Ioniq 5 | 22 | 96 | -77% | 22 | 32 | -31% |
| Hyundai | Kona | 0 | 19 | -100% | 0 | 0 |
Conclusion: Hyundai’s November 2024 Performance in a Nutshell
Hyundai’s November 2024 sales reflect its strengths in the SUV segment while highlighting challenges in compact SUVs and EVs. As the market evolves, Hyundai’s ability to innovate and adapt will determine its continued success in India’s competitive automotive landscape.