Hyundai Motor India Ltd

GST cut gave a fillip to SUVs, not small cars: Hyundai COO Tarun Garg

Hyundai's Tarun Garg said small cars' share in PV sales has continued to fall despite GST rate cuts, with SUVs driving most of the market's growth and consumer upgrades

Hyundai India Q2 preview: Margins seen rising on richer mix, cost control

On the bourses at 2:05 PM, Hyundai Motor India share price was trading 1.31 per cent higher at 2,302.50. By comparison, BSE Sensex was trading 0.48 per cent lower at 84,370.08 levels.

Hyundai Motor India names Sunil Moolchandani as national sales head

Hyundai Motor India Ltd on Thursday announced the appointment of Sunil Moolchandani as its Function Head - National Sales. As per a regulatory filing by the company, Moolchandani previously served as the Chief Commercial Officer (Central Zone) at Maruti Suzuki India Ltd. He has over 24 years of experience in the automotive and commercial sectors. "His appointment reflects HMIL's continued focus on strengthening its national sales framework and building deeper connections with customers across key markets," Hyundai Motor India Ltd (HMIL) said in a statement. The company further said, "Moolchandani's leadership is expected to further HMIL's commitment to excellence, innovation and customer satisfaction - core pillars that continue to define Hyundai's journey in India." Moolchandani holds a Bachelor of Engineering (Electrical) from the University of Pune, completed in 1999, and a Post Graduate Diploma in Management (PGDM) from Symbiosis Centre for Management and Human Resource ...

Hyundai Motor lines up ₹45,000 cr investment in India: 26 launches in 2030

Hyundai plans 26 launches, including seven new nameplates and India's first locally made electric SUV by 2027, as part of its Rs 45,000 crore growth roadmap

Hyundai Motor India to invest ₹45,000 crore by FY30, launch 26 new models

South Korean auto major Hyundai Motor Co President & CEO Jose Munoz on Wednesday said the company's Indian arm will invest Rs 45,000 crore by FY30, aiming to make India its second-largest region globally. Addressing investors here in his first visit to the country, Munoz said Hyundai Motor India Ltd (HMIL) has set a target of up to 30 per cent export contribution. The company also aims to increase its revenues by 1.5 times and cross the Rs 1 lakh crore milestone by FY2030 under its 2030 growth roadmap. Under the roadmap, HMIL plans 26 product launches by FY2030, including seven new nameplates, marking its entry into the MPV and off-road SUV segments. The company also aims to roll out a locally designed, developed and manufactured dedicated electric SUV for the Indian market by 2027. The company will also launch the luxury segment brand Genesis in India by 2027. "Following our landmark IPO last year and 30 years of success in India, now HMIL plans an investment of Rs 45,000 crore

Rising exports, SUVs to drive Hyundai India earnings; Nomura retains 'Buy'

Also, the recent data supports this outlook, with Hyundai Motor India reporting a 50 per cent jump in bookings in the past few days, signaling strong consumer demand.

Stocks to Watch today, Sept 22: IT stocks, Oil India, SCI, Ola Electric, Vi

Stocks to Watch today, September 22, 2025: From IT stocks to MRF, here is a list of shares that will remain on investors' and traders' radar on Monday

Hyundai Motor jumps 5% in two days after Goldman Sachs initiates with 'Buy'

The Hyundai Motor India stock has now risen 4.98 per cent over two days, driven by strong investor sentiment following a bullish initiation report by global brokerage Goldman Sachs.

Economic policies to support demand recovery: Hyundai Motor India MD

Amid global disruptions and macroeconomic uncertainties, India's economic resilience and forward-looking policies are creating a more favourable landscape for consumption-driven sectors like automobiles and such steps are expected to support automotive demand recovery in the near to mid-term, according to Hyundai Motor India Ltd Managing Director Unsoo Kim. Hyundai Motor India Ltd (HMIL) is also evaluating the introduction of Genesis, Hyundai's global luxury marque, in the Indian market. In his address to shareholders in the company's annual report for 2024-25, Kim said the company expects "domestic sales growth to be broadly in line with industry estimates of low-single digit" and 7-8 per cent volume growth in exports in 2025-26. "Global disruptions, macroeconomic uncertainties, and a high base effect continue to pose challenges across the automotive industry. Yet, India's economic resilience and forward-looking policies, including repo rate cuts and income tax relief, are now ...

Focusing on exports over domestic discounts, says Hyundai India COO

Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy

Hyundai Motor India to start production at Talegaon plant by end-2025

Hyundai Motor India Ltd on Tuesday said it is gearing up to commence operations at its manufacturing facility in Talegaon, Maharashtra, acquired from General Motors, in the fourth quarter of this calendar year. The company, which marked its 29th foundation day on Tuesday having sold a cumulative 1.27 crore units since inception on May 6, 1996, said it has also recently allocated Rs 1,500 crore towards revamp and modernisation of its Chennai manufacturing facility. "Envisioning India at the heart of global manufacturing and commerce, Hyundai began its journey with the country 29 years ago with a vision of mutual progress," Hyundai Motor India Ltd (HMIL) Managing Director Unsoo Kim said. He further said the company will "continue to drive transformation in products and services, while contributing meaningfully to the society". HMIL said it is geared up to commence operations at its new manufacturing facility in Talegaon, Maharashtra, in Q4 of calendar year 2025. The company had in

Hyundai sales dip 5% in April at 60,774 units, crosses 9 mn mark since 1996

Hyundai Motor India on Thursday said its total sales declined 5 per cent year-on-year to 60,774 units in April. The company's sales stood at 63,701 units in April last year. The automaker said its domestic and export sales stood at 44,374 and 16,400 units, respectively, last month. The company had sold 50,201 units in the domestic market and 13,500 units in overseas regions in April 2024. The company has also crossed the 9 million cumulative sales mark in India since 1996, it added. "While the domestic market continues to face headwinds on account of various macroeconomic factors, we continue to champion 'Make in India, Made for the World' emphasising the company's strong focus on exports," Hyundai Motor India COO Tarun Garg said in a statement. This has resulted in a robust 21.5 per cent year-on-year growth in export volumes in April 2025 and 16.2 per cent growth during January to April 2025, as compared to the same period in the previous year, he added. "Overall, we remain ded

Hyundai Motor India share rises over 2% on hiking vehicle price by up to 3%

The initial uptick in Hyundai Motor India share came after the company, on March 19, announced an increase of vehicle prices up to 3 per cent, effective in April 2025

Stocks to Watch, March 20: NHPC, Hyundai, IOB, DMart, Trent, Raymond

Stocks to Watch on Thursday: NHPC, Hyundai Motor India, IOB, Wipro, Dmart, Trent, Raymond are among the top stocks to watch today, March 20, 2025

Models with connected features make over 25% of 2024 retail sales: Hyundai

Hyundai Motor India on Monday said the share of car sales with connected features has risen to over 25 per cent in 2024 against around 5 per cent in 2019. The company said it has sold over 6.75 lakh cars with connected features in the country since 2019. The company noted that the contribution of connected cars in its retail sales grew to 25.7 per cent last year compared with 4.7 per cent in 2019. Currently, the automaker offers connected car features in 12 of the 14 models it sells in India. "Today, connected cars drive a significant part of Hyundai's overall sales in India, surpassing half a million sales milestone. With the ever-increasing number of tech-savvy, convenience-seeking, and young car buyers, I am confident that the demand for connected car tech will rise rapidly in the coming years," Hyundai Motor India Function Head - Corporate Planning Jae Wan Ryu said in a statement. The company had introduced connectivity with the Hyundai Venue in 2019 offering 35 telematics ...

See acceleration of EV penetration in India in 2025-26: HMIL COO Tarun Garg

Hyundai Motor India Ltd sees a triggering of acceleration in the electrification of the passenger vehicles market in the country in 2025 and 2026, according to company COO Tarun Garg. Set to enter the mass market electric vehicle segment with the EV version of its popular SUV Creta, the company, which plans to bring four EVs in the future, is also looking at different segments, even below the mid-sized SUV segment. "India is at an early stage of electrification. Last year, we ended with about 2.4 per cent electrification. I personally feel that 2025 and 2026 are going to be great trigger points in terms of electrification, and Creta EV is going to drive it," Garg told PTI video here. In 2024, the Indian passenger vehicles segment witnessed record sales of around 43 lakh units. Citing an internal study by the Hyundai Motor India Ltd (HMIL) and also based "on some of the external consultants", he said by 2030 EV penetration could be 17 per cent. In an interaction with reporters he

Citi initiates coverage with 'Buy' on Hyundai Motor India; share up 3%

The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with 'Buy' for target price of Rs 2,250

Creta drives Hyundai to record sales with a stellar performance in 2024

The new-gen Hyundai Creta crossed 100,000 unit sales within six months in 2024, with annual sales of 186,919 units. The SUV accounted for 31 per cent of the brand's overall sales during the year

Hyundai Motor India to hike prices across all models amid higher costs

The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said

Hyundai Motor India to set up 2 renewable energy plants at Chennai facility

Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025. The company has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) for the purpose of setting up of a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements, Hyundai Motor India Ltd (HMIL) said in a statement. These facilities will operate under a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations and maintenance. HMIL will hold 26 per cent and FPEL will hold 74 per cent equity stake in the project, it added. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL, the company said. "As part of this partnership, HMIL will invest Rs 38 crore towards setting up