Page 2 - Hyundai Motor India

This is the start of Hyundai India's next phase of growth: Tarun Garg

Hyundai veteran Tarun Garg will succeed Unsoo Kim as MD & CEO from Jan 1, 2026, marking a new chapter in the automaker's India journey

Tarun Garg to take over as Hyundai India's MD & CEO from January 1

Garg will be the first Indian to lead the company since it started operations in 1996

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

Are QIBs emerging as the new messiah of India's primary market?

QIBs, analysts suggest, have become the saviours of large offerings, especially when companies see weak demand among retail investors

Hyundai Motor slips 3% after September sales. Should you buy, hold or sell?

Shares of Hyundai Motor India slipped 3% to ₹2,508 in intra-day trade, and corrected 13% from its record high of ₹2,889.65 touched on September 22, 2025.

Hyundai Motor India's total sales rise 10% to 70,347 units in September

Hyundai Motor India on Wednesday reported a 10 per cent year-on-year increase in total sales to 70,347 units in September. The company sold a total of 64,201 units in September 2024, the South Korean automaker said in a statement. Domestic dispatch of vehicles to dealers saw a marginal increase to 51,547 units last month from 51,101 units in the year-ago period, it added. Last month, its exports increased to 18,800 units compared to 13,100 units a year ago. "Post announcement of GST 2.0 reforms, HMIL is witnessing a synergetic alignment of both domestic and export markets now growing in tandem - a true double-engine growth," Hyundai Motor India Ltd (HMIL) COO Tarun Garg said. The company's domestic sales in September stood at 51,547 units, driven by vibrant festive demand and strong customer interest across all segments, he added. "We have also witnessed the highest-ever domestic SUV sales penetration in the history of the company at 72.4 per cent, with Creta scoring the highest-

InCred Equities retains 'Reduce' on Hyundai, lifts target; GST gain limited

The brokerage highlighted that while the recent Goods and Services Tax (GST) rate cut could provide some relief to the auto sector, its benefit for Hyundai's revenue is limited.

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.

Hyundai Motor India up 3%, at new high on signing long-term wage settlement

At present levels, Hyundai Motor India stock trades at 39 per cent premium when compared with its issue price of ₹1,960 per share last year.

Hyundai to hike employee salaries by ₹31,000 per month over 3 years

Hyundai Motor India and the United Union of Hyundai Employees have signed a three-year wage settlement effective April 2024, offering an industry-best salary hike and enhanced employee welfare

Auto upcycle is here, says Morgan Stanley; Upgrades Maruti, Eicher, Hero

Among companies, Maruti Suzuki is expected to gain market share with new SUV launches and a revival in first-time buyers, prompting the brokerage to raise its target from ₹14,262 to ₹18,360.

From Hyundai to Tata Motors, here's how much cheaper cars get under GST 2.0

Hyundai, Tata Motors, Mahindra, Maruti and Renault have announced steep cuts across cars and CVs, with reductions ranging from ₹30,000 to ₹4.65 lakh from September 22

GST reforms: Hyundai Motor India set to cut prices by up to ₹2.4 lakh

Hyundai to cut prices of Verna, Creta, Venue, i20 and Tucson by up to ₹2.40 lakh from Sept 22 after GST rate cut, making cars more affordable this festive season

Hyundai Motor stock joins ₹2-trn market cap club; zooms 60% from April low

Analysts believe Hyundai Motor India remains well-positioned to benefit from the premiumisation trend in India, given its mix in favor of SUVs

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 ...

Skid marks on the quarter but Hyundai Motor India keeps its grip

Volume and revenue dips mar Q1, but rural traction and export gains keep automaker from sliding off course

July PV dispatches flat amid high inventory, festive season to boost demand

Domestic passenger vehicle dispatches show flat growth in July, but experts remain optimistic that the festive season and monsoon will revive demand

Hyundai Q1FY26 result: Profit down 8% at ₹1,369 crore, revenue falls 5.5%

Hyundai Q1 FY26 result: The dip follows a 6.1 per cent decline in sales to 180,399 units in the quarter, from 192,055 units in Q1FY25

Nuvama initiates 'Buy' on Hyundai India, sets ₹2,600 target on growth push

With $2.9 billion in average annual research and development (R&D) spend (2.5 per cent of revenue), the parent firm enables Hyundai India to fast-track innovation and expand exports.