Home Industry Automobile Auto Sales Ups and Downs in No...
Automobile
Business Fortune
02 December, 2024
Given circulating claims of vehicle inventories at an all-time high, company dispatches are anticipated to have decreased for November.
Now that the eleven months of 2024 are done, a new year is about to begin. Since November is the penultimate month of the holiday season, it becomes a crucial time of year for Indian automakers. Since customers continue to flood showrooms, increasing sales, automakers are often happy at this time.
The low amount of cars registered under Vahan this year, however, has sparked worries because it indicates that dealership stocks are high. Will the amount sent from the production floor to dealerships be impacted by this? Over the course of the next few days, we will learn as each of the major OEMs releases its November 2024 monthly sales number. Keep checking Express Drives for monthly sales data from all of the Indian market's passenger car and two-wheeler manufacturers.
In November 2024, Hyundai's overall sales fell 7% year over year to 61,252 units, down from 65,801 units the previous year. While exports fell precipitously by 20% to 13,006 units, domestic sales decreased by 2% to 48,246 units. SUVs continued to be Hyundai's strongest market throughout the downturn, accounting for 68.8% of its domestic sales.