Maruti Suzuki vs Hyundai Car Sales May 2024: Compact and Utility Vehicle Segment Boost for Maruti, Hyundai Sees Impressive YoY Growth

Maruti Suzuki vs Hyundai Car Sales May 2024: Maruti Suzuki and Hyundai Motor India Limited (HMIL) continue to command the impressive sales statistics in the fiercely competitive Indian automobile sector as of May 2024. This article examines the sales results of the two industry titans, contrasting their export and domestic figures and emphasising significant patterns and revelations.

Maruti Suzuki Sales Report May 2024

In May 2024, Maruti Suzuki India Limited (MSIL) sold 174,551 units, demonstrating a strong performance. This number include exports, sales to other Original Equipment Manufacturers (OEMs), and sales inside the country. The sales figures for May 2024 are given below:

Hyundai Motor India Ltd Sales Report May 2024

Sales of Hyundai Motor India Ltd. (HMIL) increased 7% year over year to 63,551 units in May 2024. Hyundai maintained strong sales results even after their Sriperumbudur factory experienced a week-long biannual maintenance stoppage.

Domestic and Export Sales:

• Domestic Sales: Hyundai's domestic sales grew by 1% to 49,151 units, up from 48,601 units in May 2023.
• Exports: The company saw a significant 31% increase in exports, with 14,400 units sold compared to 11,000 units in the same month last year.

Key Market Insights:

• SUV Dominance: SUVs continue to be a major growth driver for Hyundai, accounting for over 67% of domestic sales.
• Rural Penetration: Hyundai's penetration into rural markets stood at a healthy 20.1% in May, underscoring its expansive reach.

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