Hyundai Motor India Limited reported mixed December performance, with total auto sales reaching 58,702 units despite falling short of market expectations. The automaker's volumes came in below the CNBC-TV18 poll estimate of 62,667 units, though the company still managed to deliver solid year-on-year growth driven by strong export momentum.

December Sales Performance

The company's December sales figures demonstrate a tale of two markets, with exports significantly outpacing domestic performance:

Total sales rose 6.6% on a year-on-year basis, with domestic sales standing at 42,416 units reflecting stable demand in the local market. However, exports emerged as the primary growth catalyst, with volumes climbing 26.5% year-on-year to 16,286 units.

Export-Led Growth Strategy

The sharp rise in export volumes underscores Hyundai Motor India's continued focus on overseas markets and highlights the company's ability to leverage India as a manufacturing base. This export-led growth points to improving global demand conditions and demonstrates the automaker's strategic positioning in international markets.

The strong export performance helped offset relatively moderate domestic traction, showcasing the company's diversified market approach. This strategy appears increasingly important as domestic passenger vehicle market conditions remain competitive.

Market Outlook

Despite missing poll estimates, the year-on-year increase in total sales signals operational resilience amid challenging market conditions. The December performance adds to the broader automotive sector narrative, where companies are increasingly relying on exports to support growth while domestic volumes remain steady rather than buoyant.

Analysts are likely to monitor how domestic demand develops in the coming months, alongside the sustainability of the current export momentum that has become crucial for the company's growth trajectory.

Hyundai Motor India Limited announced its December sales performance, reporting total monthly sales of 58,702 units with a 6.6% year-on-year growth from 55,078 units in the previous year. However, the sales figures fell short of analyst estimates of 63,030 units. The automaker demonstrated strong performance across both domestic and export segments, with particularly impressive export growth reinforcing its position in the global automotive market.

December Sales Performance vs Estimates

The company's December sales figures reflect a balanced growth strategy with significant contributions from both domestic and international markets, though falling below market expectations. The following table summarizes the key performance metrics:

Strong Export Performance Drives Growth

Hyundai Motor India's export segment delivered exceptional results in December, with 16,286 units exported, marking a robust 26.50% year-on-year growth. This outstanding performance aligns with the company's 'Made-in India, Made-for-the-World' strategy, demonstrating its commitment to manufacturing world-class products indigenously for global markets. The strong export numbers highlight the company's expanding international footprint and manufacturing excellence.

Product Portfolio Highlights

The all-new Hyundai VENUE has generated significant customer interest since its launch, with bookings already reaching the 55,000 mark within less than two months. This strong response indicates positive market reception and contributes to the company's overall sales momentum, supporting both domestic performance and brand strength.

Management Commentary

Tarun Garg, Managing Director & CEO of HMIL, attributed the positive performance to favorable market conditions and product appeal. He highlighted the impact of GST 2.0 reforms in driving the company's robust growth trajectory and emphasized the success of the export strategy in reinforcing Hyundai's global manufacturing capabilities.

Inventory Management

HMIL concluded calendar year with optimized network stock levels, ensuring healthy inventory management across its dealer network. This strategic approach supports sustainable business operations and efficient supply chain management for the upcoming periods.