Hyundai Motor India Limited reported strong December sales performance with total monthly sales reaching 58,702 units, marking a 6.6% year-on-year growth. The automotive manufacturer's performance was driven by both domestic market strength and robust export momentum.

December Sales Breakdown

The company's December sales demonstrated balanced growth across domestic and international markets. The comprehensive sales performance is detailed below:

Export Performance Drives Growth

Hyundai Motor India's export segment delivered exceptional performance with a 26.5% year-on-year jump in December. This strong export growth reinforces the company's 'Made-in-India, Made-for-the-World' initiative and demonstrates its expanding global market presence.

"Further, reinforcing our 'Made-in-India, Made-for-the-World' goal, we delivered 26.5% year-on-year growth in export volume in December, reaffirming our commitment to offering world-class products manufactured indigenously," said Tarun Garg, Managing Director & CEO of Hyundai Motor India.

New Vehicle Launch Success

The company attributed its robust performance to continued customer interest, particularly in the new Hyundai VENUE. The latest model has generated significant market response with bookings surging past the 55,000 mark within less than two months of launch. This strong booking performance indicates sustained demand for the company's refreshed product portfolio.

Market Performance vs Expectations

While achieving positive year-on-year growth, the actual sales figures of 58,702 units fell short of market estimates of 63,030 units. The variance of 4,328 units represents a 6.9% shortfall from analyst projections, though the overall growth trajectory remains positive.

Stock Performance Context

Hyundai Motor India shares have delivered solid long-term returns with a 28.61% gain over the past year. However, recent performance shows mixed trends with the stock up 3.18% over six months but down 8.90% over the past three months. The shares closed 0.50% higher at ₹2,311.25 on the previous trading session.

Hyundai Motor India Limited shares declined as much as 2.00% on Friday following the release of December sales figures that fell short of market expectations. The automaker reported total sales of 58,702 units, missing the Street estimate of 62,667 units despite achieving 6.60% year-on-year growth.

December Sales Performance

The company's December performance highlighted contrasting trends between domestic and export markets:

Domestic business proved to be a drag with minimal growth of just 0.50% at 42,416 units, while exports remained the primary growth driver with sales surging 26.50% to 16,286 units compared to the previous year.

Leadership Transition

In a significant development, the company announced that Tarun Garg has assumed charge as managing director and chief executive officer from January 1. This appointment makes Garg the first Indian national to lead the company since its establishment 29 years ago.

Garg succeeded Unsoo Kim, who is returning to a strategic role at Hyundai Motor Company in South Korea. The company's board had approved Garg's elevation in October as part of the firm's succession plan.

Market Performance and Outlook

"My vision is to build on our strong foundation while accelerating HMIL's transformation towards sustainable growth, technological leadership, and unmatched customer delight," Garg stated regarding his new role.

Shares of Hyundai Motor India were trading 1.90% lower at ₹2,270.70 on Friday. The stock has declined 21.00% from its post-listing high of ₹2,890.00, though it had gained 27.00% in the previous period. The export-led growth strategy continues to support overall performance despite domestic market challenges, with the strong international demand helping offset moderate local traction.