
Mixed Performance in Sales Figures
In further investigations in the reports, it can be revealed that there exists diversity in sales figures amongst different portfolio models for the company. Despite some SUV models like the Creta showing strong year on year growth, some like the Venue and I20 have declined in sales volume as compared to the previous year which does affect the overall performance United States of America.
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Creta Continues Its Cutting Edge Brand Image With Great Performance
Sold over 12,600 units in December, the Hyundai Creta remains the leader in the India SUV market and has seen a 36 percent growth YoY. It is safe to say that this specific product caters to a wide audience as its popularity grows every year.
Sales Percentage Drops Very Slightly
Hyundai Venue maintained its spot as the second highest selling vehicle in December. Although, vehicle sales did exhibit a slight decline of 1% at 10,265.
Economic Hatchback Dilemmas
In terms of sales, the premium hatchback I20 was quite the dismal success as it was only able to sell 3453 units which in comparison to the sales in December 2023 are a staggering 25% lower. On the other hand, the basic model as well the Grand i10 witnessed quite the sales boom with an improvement of 14% growth compared to last year, which now stands at 4,489 units.
Tucson Continues to Show Growth
The flagship SUV of the company, Hyundai Tucson, alongside the Volumes, has also shown steady growth of around 84% but the sales units being only a measly 33.
Alcazar Recovers After the Fall
Unit sales for Alcazar, Hyundai SUV hit 1,342 in December showing a 41% increase which bolstered it to reaching the upwards mark which due to a Hailstorm had caused it to plummet.
Polite Growth for Sedan Models
A modest growth of 1% year on year with unit sales of 3852 while the compact sedan Aura saw more positive range as they units sold rose to 872 within December moving onto a 22% increase as well, while the midsize sedan Verna was seeing a growth too.
Final Thoughts
The performance posted by Hyundai in its Dec-FY24 sales clearly demonstrates that the Creta continues to maintain its superiority over other models, which have started to see a dip in sales. The company is required to find a solution to the decreasing sales figures of its key cars, like the i20 and Venue, in order to keep on growing in the highly competitive Indian market.