A Total of 229,126 Units Sold by Hyundai Motor and Kia
SUVs Like Creta Drive Popularity... "Strengthening Market Presence"
Hyundai Motor and Kia recorded their highest-ever sales in the first quarter of this year in India, the world's third-largest automobile market after China and the United States.
According to the monthly sales statistics from the Society of Indian Automobile Manufacturers (SIAM) on the 13th, Hyundai Motor and Kia sold a total of 229,126 vehicles in India during the first quarter of this year. This represents a 1.5% increase compared to the same period last year (225,686 units) and is the highest sales volume ever recorded for a first quarter.
Hyundai Motor and Kia sold 153,550 and 75,576 units respectively, with Kia achieving its best performance since entering the Indian market in August 2019.
The local market share stood at 13.0% for Hyundai Motor and 6.4% for Kia, totaling 19.4%. In terms of brand sales rankings, Hyundai Motor ranked second after Maruti, while Kia ranked sixth.
The sales growth of Hyundai Motor and Kia was driven by locally tailored models and sport utility vehicles (SUVs). In the first quarter of this year, Hyundai Motor and Kia’s SUV sales accounted for 80% of total sales, reaching 181,758 units. Best-selling models such as the Creta, Venue, Sonet, and Seltos collectively sold 121,582 units, making up more than half of the total sales.
Hyundai Motor and Kia are strengthening their presence in India, which has emerged as the world’s third-largest automobile market. Since launching the i10 in 2008, the two brands have had several models named 'Car of the Year in India,' including the Grand i10 in 2014, Elite i20 in 2015, Creta in 2016, Verna in 2018, Venue in 2020, i20 in 2021, Carens in 2023, and Exter in 2024.
As part of its mid- to long-term strategy, Hyundai Motor acquired the Pune plant in Maharashtra from General Motors (GM) in 2023 and is preparing to operate it in the second half of this year with an annual production target of 200,000 units. Hyundai Motor India Limited (HMIL) was listed on the Indian stock market in October last year, becoming the first overseas subsidiary of Hyundai Motor to do so.
A Hyundai Motor and Kia official stated, "We will further strengthen our position by creating a mobility ecosystem tailored to the Indian market."
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