Page 3 - Hyundai Motor India

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.

Hyundai Motor shares rally 7%, hit all-time high; what's behind the surge?

Hyundai Motor India share price today: The stock price of the passenger cars & utility vehicles company surpassed its previous high of ₹1,968.80, which it recorded on the listing day

Maruti, Hyundai eye robust growth in exports amid domestic challenges

Maruti Suzuki and Hyundai Motor India expect healthy growth in overseas shipments in the current fiscal year amid challenging business environment in the domestic market. Hyundai Motor India is looking at single-digit volume growth in its exports in the current fiscal year, while Maruti Suzuki is bullish to achieve around 20 per cent volume growth in its overseas shipments. "We are aiming to become Hyundai's largest export hub outside South Korea. We aspire to continue our growth trajectory in exports in the coming years," Hyundai Motor India Managing Director Unsoo Kim told analysts during a call. Exports have gained strong momentum in recent months, and the automaker aims to sustain this trajectory going forward, he added. "For FY26, we anticipate the growth in export volumes to be around 7-8 per cent, supported by robust demand for our products in the emerging markets," Kim stated. Hyundai Motor India exported 1,63,386 vehicles in FY25 as compared with 1,63,155 units in ...

Chennai to become Hyundai's largest export hub outside South Korea

Marking 25 years of exports from India, Hyundai targets 7-8% export growth in FY26 as demand from emerging markets rises and Chennai Port expands facilities

Hyundai Motor Q4 results: Profit slips 4% to ₹1,583 cr, dividend declared

Hyundai Motor India Q4 FY25: The board of directors has recommended a dividend of ₹21 per share (210% of the face value of ₹10 per share)

Q4 results today: BHEL, Hyundai Motor, Delhivery, Emami on May 16; see list

Q4 FY25 company results today: Reliance Infrastructure and Matrimony.com will be among 117 companies to post earnings reports for the January-March quarter