HYUNDAI - Hyundai Motor I
📢 Recent Corporate Announcements
Hyundai Motor India Limited has scheduled a physical meeting with a group of investors and analysts on March 16, 2026. The interaction is organized by Morgan Stanley and will take place in Gurugram between 10:00 AM and 11:00 AM. The company has clarified that the discussions will be based solely on publicly available information, ensuring no unpublished price sensitive information is shared. This is a routine regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements.
- Meeting scheduled for March 16, 2026, from 10:00 AM to 11:00 AM IST.
- Organized by Morgan Stanley as a physical meeting in Gurugram.
- Strict adherence to SEBI LODR Regulations with no UPSI to be shared.
- The schedule is subject to change based on exigencies of the company or investors.
Hyundai Motor India Limited has launched the updated VERNA mid-size sedan with prices ranging from INR 10,98,400 to INR 18,25,400. The new model features over 25 enhancements across design, technology, and safety, including a segment-first 7-airbag system and Level 2 ADAS. With the most powerful engine in its class (160 PS Turbo GDi) and the longest wheelbase (2,670 mm), Hyundai aims to consolidate its position in the premium sedan market. This launch is part of the company's strategy to target young achievers through its 'Respect the Young' campaign.
- Launched at a starting price of INR 10,98,400 with 25+ enhancements in design and technology
- Features segment-first 7 airbags and Level 2 ADAS with 20 advanced safety functions
- Equipped with the most powerful 1.5 l Turbo GDi engine in the segment delivering 160 PS and 253 Nm torque
- Offers superior cabin space with a segment-leading 2,670 mm wheelbase and 528 litres of boot space
- Includes high-end tech like dual 10.25-inch integrated displays and 70+ Bluelink connected features
Hyundai Motor India has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Dong Huwy Park as a Whole-time Director for a three-year term. Crucially, the company is seeking approval for material Related Party Transactions (RPT), including a significant agreement with Mobis India Limited valued up to ₹88,400 million (₹8,840 crore). The ballot also covers RPTs with Kia India and the parent entity, Hyundai Motor Company, to facilitate ongoing operational synergies. The e-voting period concludes on April 01, 2026, with results expected by April 03, 2026.
- Appointment of Mr. Dong Huwy Park as Whole-time Director for a 3-year tenure effective February 02, 2026.
- Proposed material Related Party Transactions with Mobis India Limited capped at ₹88,400 million.
- Seeking shareholder approval for material transactions with Kia India Private Limited and Hyundai Motor Company (HMC).
- Remote e-voting period scheduled from March 03, 2026, to April 01, 2026.
- The cut-off date for determining shareholder voting eligibility was February 25, 2026.
Hyundai Motor India Limited achieved its highest-ever February sales in 2026, totaling 66,134 units, representing a 12.6% year-on-year growth. Domestic sales reached a record 52,407 units, growing 9.8% compared to the previous year. Export performance was particularly strong, surging 24.8% to 13,727 units. This performance follows a record-breaking January, indicating sustained demand momentum for the company's portfolio as it nears 30 years of operations in India.
- Total sales of 66,134 units in February 2026, a 12.6% YoY increase.
- Highest-ever domestic sales for February at 52,407 units, up 9.8% YoY.
- Export volume grew significantly by 24.8% YoY to 13,727 units.
- Continued momentum from January 2026, which was also a record-breaking month for the company.
Hyundai Motor India has appointed Mr. Madhurendra Malu as the Vertical Head for its luxury brand, Genesis, effective February 16, 2026. Mr. Malu is a seasoned industry veteran with over 20 years of experience at Maruti Suzuki, Skoda, and MG Motor, where he specialized in luxury channel launches. This strategic hire underscores Hyundai's commitment to entering the high-margin luxury vehicle segment in India. Additionally, the company announced the exclusion of Mr. Anuraag Singh from the Senior Management Personnel list due to internal reporting restructuring.
- Appointment of Madhurendra Malu as Vertical Head for the Genesis brand effective February 16, 2026
- Malu brings over 20 years of experience, including a tenure at JSW MG Motor India launching the MG SELECT luxury channel
- Strategic focus on accelerating the premium positioning and market entry of the Genesis brand in India
- Exclusion of Mr. Anuraag Singh from the Senior Management Personnel list due to changes in reporting structure
Hyundai Motor India Limited has officially released the transcript of its earnings conference call held on February 02, 2026. The call focused on the company's standalone and consolidated financial performance for the quarter and nine months ended December 31, 2025. This filing is a routine regulatory requirement under SEBI LODR regulations to ensure transparency for all shareholders. The transcript provides granular details on management's perspective regarding market trends, operational efficiency, and future outlook.
- Official transcript of the Q3 FY26 earnings call now available for public review
- The call was originally conducted on February 02, 2026, following the results announcement
- Covers both standalone and consolidated financial results for the nine-month period ending Dec 2025
- Compliance filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Hyundai Motor India Limited has formally submitted applications to BSE and NSE for the reclassification of Hyundai Motor Investment Inc. The entity is transitioning from the 'Promoter & Promoter Group' category to the 'Public' category. This submission, dated February 06, 2026, follows the Board's approval granted earlier on February 02, 2026. Such reclassifications are governed by Regulation 31A of SEBI Listing Regulations and typically reflect changes in corporate control or shareholding strategy.
- Application filed on February 06, 2026, with National Stock Exchange and BSE Limited.
- Hyundai Motor Investment Inc to be moved from Promoter Group to Public category.
- Complies with Regulation 31A(3) of SEBI (Listing Obligations and Disclosure Requirements).
- The move follows the Board meeting outcome previously disclosed on February 02, 2026.
Hyundai Motor India Limited has announced its participation in a series of investor and analyst meetings scheduled for February 2026 in Mumbai. The company will engage with Nuvama Institutional Equities on February 9, followed by a two-day session with Axis Capital on February 10 and 11. These physical meetings are scheduled between 9:00 AM and 6:30 PM IST. The discussions will focus on publicly available information, and the company has explicitly stated that no unpublished price-sensitive information will be shared.
- One-day meeting organized by Nuvama Institutional Equities on February 9, 2026
- Two-day investor engagement organized by Axis Capital on February 10 and 11, 2026
- All meetings are physical sessions held in Mumbai from 9:00 AM to 6:30 PM IST
- Company confirms no Unpublished Price Sensitive Information (UPSI) will be disclosed
Hyundai Motor India Limited has officially released the audio recording of its investor presentation for the quarter and nine months ended December 31, 2025. This disclosure follows the announcement of the company's unaudited standalone and consolidated financial results for Q3 FY26. The recording provides management's detailed commentary on the company's financial performance and strategic outlook. Investors can access the full audio via the link provided in the regulatory filing on the company's website.
- Audio recording of the Q3 FY26 earnings presentation is now available for public access.
- Covers financial results for the quarter and nine-month period ending December 31, 2025.
- Compliance filing under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.
- Direct MP3 link provided on the company's official investor relations portal.
Hyundai Motor India Limited has updated its list of authorized officials for determining the materiality of events under SEBI Regulation 30(5). The Board of Directors, in a meeting held on February 02, 2025, authorized Managing Director & CEO Mr. Tarun Garg to assess materiality. Additionally, CFO Mr. Wangdo Hur and Company Secretary Mr. Pradeep Chugh are authorized to make disclosures to the stock exchanges. This update supersedes the previous communication dated December 19, 2024, ensuring streamlined regulatory compliance.
- Board authorized MD & CEO Mr. Tarun Garg to assess materiality of events under SEBI LODR Regulations.
- CFO Mr. Wangdo Hur and CS Mr. Pradeep Chugh are also authorized to make disclosures to stock exchanges.
- The new authorization supersedes the previous company intimation dated December 19, 2024.
- The decision was finalized during the Board of Directors meeting held on February 02, 2025.
Hyundai Motor India reported a steady Q3 FY26 performance with revenue growing 8% YoY to ₹179,735 million, supported by a significant 21.1% surge in export volumes. Net profit (PAT) increased by 6.3% YoY to ₹12,344 million, while EBITDA margins remained resilient at 11.2%. The company's strategic focus on high-margin SUVs continues to pay off, with the segment now contributing 70% of total sales volume. Additionally, the commencement of production at the Pune plant and 80,000 bookings for the new Venue provide strong visibility for future growth.
- Revenue for Q3 FY26 grew 8.0% YoY to ₹179,735 million compared to ₹166,480 million in Q3 FY25.
- Net Profit (PAT) increased 6.3% YoY to ₹12,344 million with a PAT margin of 6.8%.
- Export volumes saw a robust growth of 21.1% YoY reaching 48,888 units, while domestic sales remained flat at 146,548 units.
- SUV contribution to total sales volume reached 70%, led by Creta achieving 200,000+ annual sales.
- EBITDA stood at ₹20,183 million for the quarter, reflecting a 7.6% YoY growth with margins at 11.2%.
Hyundai Motor India reported a steady performance for Q3 FY26, with consolidated revenue growing 8% YoY to INR 179,735 million. Net profit increased by 6.3% YoY to INR 12,344 million, supported by strong domestic demand and a 21% surge in export volumes. For the nine-month period, EBITDA margins expanded to 12.8% from 12.5% despite cost pressures from capacity stabilization. The company's flagship SUV, CRETA, achieved record annual sales of over 200,000 units in CY2025, reinforcing its market leadership.
- Q3 Revenue grew 8% YoY to INR 179,735 Mn, while PAT rose 6.3% to INR 12,344 Mn.
- 9M FY26 EBITDA margins expanded to 12.8% compared to 12.5% in the previous year.
- Export volumes saw a significant jump of 21% YoY in Q3, contributing 25% to the total sales mix.
- CRETA became the No. 1 SUV in India with record sales of 200,000+ units in CY2025.
- New Venue bookings reached nearly 80,000 units with a 48% contribution from first-time buyers.
Hyundai Motor India reported a steady 7.5% YoY growth in revenue for Q3 FY26, reaching ₹174,527 million. While standalone Profit After Tax (PAT) grew 6.3% YoY to ₹11,949 million, it faced a significant 23.9% sequential decline from Q2 FY26 due to rising material costs and employee benefit adjustments. A key strategic milestone was the commencement of production at the Talegaon facility in Maharashtra, which adds 170,000 units to annual capacity. The company is also navigating new regulatory costs related to updated Labour Codes and upcoming End-of-Life Vehicle scrapping rules.
- Revenue from operations increased to ₹174,527 million in Q3 FY26, up from ₹162,415 million in Q3 FY25.
- Standalone Profit After Tax (PAT) for the quarter stood at ₹11,949 million with an EPS of ₹14.71.
- Talegaon Manufacturing Facility commenced production on October 1, 2025, with an annual capacity of 170,000 units.
- Employee benefit expenses rose to ₹5,911 million, incorporating the estimated impact of the newly notified Labour Codes.
- Nine-month (Apr-Dec 2025) consolidated revenue reached ₹505,386 million with a PAT of ₹41,009 million.
Hyundai Motor India Limited (HMIL) reported its highest-ever monthly domestic sales of 59,107 units in January 2026, a 9.5% increase year-on-year. The company also achieved a record total monthly sales figure of 73,137 units, representing an 11.5% growth compared to the previous year. Export performance was particularly strong, growing by 20.9% to reach 14,030 units. Key models like the VENUE and AURA also hit individual monthly sales records, signaling robust consumer demand across segments.
- Achieved highest-ever total monthly sales of 73,137 units, up 11.5% YoY
- Record domestic sales of 59,107 units, marking a 9.5% YoY growth
- Strong export performance with 14,030 units, a growth of 20.9% YoY
- VENUE (12,413 units) and AURA (7,978 units) achieved their highest-ever monthly sales
Hyundai Motor India Limited (HYUNDAI) has announced its earnings conference call scheduled for February 2, 2026, at 4:30 PM IST. The management will discuss the financial results for the third quarter and the nine-month period of FY26. The call will include a presentation on business performance followed by a Q&A session with analysts and institutional investors. The company will release the investor presentation on the stock exchanges and its website prior to the call.
- Earnings conference call scheduled for February 2, 2026, at 16:30 IST.
- Agenda covers financial performance for Q3 FY26 and the 9-month period ending December 2025.
- Management to provide updates on business outlook and operational highlights.
- Universal dial-in numbers for the call are +91 22 6280 1148 and +91 22 7115 8049.
- Investor presentation will be made available on the company website post-result publication.
Financial Performance
Revenue Growth by Segment
Domestic sales grew 4.3% YoY in November 2025 (50,340 units), while export sales surged 26.9% YoY (16,500 units). Total revenue for FY25 was INR 69,193 Cr, a slight decrease of 0.9% from INR 69,829 Cr in FY24 due to high base effects and moderated domestic demand.
Geographic Revenue Split
Exports contributed approximately 22% of total revenue in FY25. In Q2 FY26, Middle East and Africa volumes grew by 35%, and Mexico grew by 11%, reinforcing the company's role as a global manufacturing hub.
Profitability Margins
Q2 FY26 PAT margin improved to 8.9% (INR 1,572.3 Cr) from 7.9% (INR 1,375.5 Cr) YoY. EBIT margin stood at 10.9% (INR 1,911.4 Cr) compared to 9.8% YoY, driven by favorable product mix and cost control.
EBITDA Margin
EBITDA margin for Q2 FY26 was 13.9% (INR 2,428.9 Cr), up 110 basis points from 12.8% (INR 2,205.3 Cr) in Q2 FY25. The expansion was driven by a higher share of SUVs and export volumes which carry better margins.
Capital Expenditure
Historical annual capex has ranged between INR 2,000 Cr and INR 3,000 Cr. Future capex is focused on the Pune plant acquisition and ramp-up to expand production capacity.
Credit Rating & Borrowing
CRISIL AAA/Stable and CRISIL A1+ ratings reaffirmed. Borrowing is minimal with interest-free sales tax loans of INR 677 Cr and short-term debt of only INR 114 Cr as of March 31, 2025. Interest coverage ratio was over 61 times in FY23.
Operational Drivers
Raw Materials
Steel, semiconductors, and specialized automotive components. Localization of input sourcing increased to 82% in FY25 from 78% in FY24, reducing reliance on imports.
Import Sources
Imports account for 18% of raw material value, primarily sourced through the global supply chain of the parent company, Hyundai Motor Company (HMC), in South Korea.
Key Suppliers
Not specifically named in the documents, but the company utilizes HMC's global vendor network and local Indian Tier-1 suppliers.
Capacity Expansion
Commenced vehicle production at the Pune Plant in October 2025. This facility is expected to ramp up production and sales volumes to support both domestic and export growth.
Raw Material Costs
Raw material costs are managed through an 82% localization strategy. While commodity costs were a factor, the company offset impacts through price hikes and a 4% improvement in localization efficiency YoY.
Manufacturing Efficiency
Focusing on better operating efficiencies at the new Pune plant to offset initial high depreciation and labor costs which may weigh on near-term margins.
Logistics & Distribution
The company is positioning itself as a global hub, utilizing Indian ports for a 26.9% YoY increase in export shipments in November 2025.
Strategic Growth
Expected Growth Rate
7-8%
Growth Strategy
Growth will be achieved through a 'dual engine' strategy: expanding the SUV portfolio (currently 60%+ of sales), ramping up the new Pune plant, and increasing exports to 22%+ of revenue. The launch of the all-new VENUE and expansion into rural markets are key pillars.
Products & Services
Passenger vehicles including SUVs (VENUE, CRETA), Sedans (VERNA), and Hatchbacks. Fuel types include Petrol, Diesel (23% of volume), and CNG (15% of volume).
Brand Portfolio
Hyundai, VENUE, CRETA, VERNA, Bluelink (connected car tech).
New Products/Services
All-new Hyundai VENUE launched November 4, 2025, securing 32,000 bookings within the first month. New EV models are planned for the medium term.
Market Expansion
Expanding presence in rural India and targeting high-growth export markets like the Middle East, Africa (35% growth), and Mexico (11% growth).
Market Share & Ranking
Maintains an established leading position in the domestic passenger car market, particularly in the SUV segment.
Strategic Alliances
Strong technical and managerial support from parent Hyundai Motor Company (HMC), which owns the intellectual property and provides global supply chain access.
External Factors
Industry Trends
The industry is shifting toward SUVs and Software Defined Vehicles (SDVs). Hyundai is positioning itself with the VENUE featuring Level 2 ADAS and 20 Over-the-Air (OTA) update controllers.
Competitive Landscape
Faces intense competition from domestic OEMs; management focuses on 'quality of sales' and margin protection (13.9% EBITDA) over aggressive market share chasing.
Competitive Moat
Moat is built on SUV leadership, a robust 82% localized supply chain, and the 'Hyundai' brand equity. Sustainability is high due to the parent company's (HMC) 'A-' credit rating and technological backing.
Macro Economic Sensitivity
Sensitive to household income levels and interest rates; the PV industry expects muted low-single-digit growth in FY26.
Consumer Behavior
Strong shift toward SUVs and premium features like ADAS and connected car technology (70 Bluelink features).
Geopolitical Risks
Exposure to trade barriers in export markets; however, growth in Middle East (35%) suggests strong regional demand despite geopolitical tensions.
Regulatory & Governance
Industry Regulations
Compliance with Indian automotive safety and emission standards; the new VENUE includes 65+ advanced safety features to meet evolving regulations.
Taxation Policy Impact
Benefiting from GST-driven optimism; management noted that post-GST price adjustments by competitors were not followed, maintaining their premium pricing strategy.
Risk Analysis
Key Uncertainties
Initial margin pressure from the Pune plant startup (depreciation and labor) could impact short-term profitability by 1-2%.
Geographic Concentration Risk
Domestic India accounts for ~78% of revenue, making the company highly dependent on Indian macroeconomic cycles.
Third Party Dependencies
Highly dependent on parent HMC for technology and key components; royalty payments of INR 1,877 Cr represent a significant annual cash outflow.
Technology Obsolescence Risk
Risk of falling behind in the EV transition; mitigated by planned EV launches and SDV features in the new VENUE.
Credit & Counterparty Risk
Superior liquidity and a net worth of INR 16,101 Cr (as of March 2025) indicate very low counterparty risk.