Hyundai India plans 26 new models by 2030 despite FY25 profit dip
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The country's second largest carmaker Hyundai Motor India (HMIL) - which reported a 4% decline in consolidated net profit for the fourth quarter ended March 31, 2025 at Rs 1614 crore - Friday said it will introduce more than two dozen models in the local market over the next five years to shore up volumes and market share in India.The automaker had posted a profit after tax (PAT) of Rs 1677 crore in the same period of the previous fiscal year period. Total revenue from operations rose 1.5% to Rs 17,940 crore for the period under review as compared with Rs 17,671 crore in the year-ago period, Hyundai Motor India Ltd (HMIL) said in a regulatory filing. Sales last quarter declined by about 4% to 153,550 units.Hyundai Motor India Managing Director Unsoo Kim while admitting that the last financial year was a challenging one for the local automotive industry, said the company remains confident in the underlying potential. 'Financial Year 2025 was a challenging and transformative year for the Indian automotive industry. The overall environment remained tough, with a combination of macro-economic uncertainties impacting consumer sentiment and purchasing decisions. On top of that, we were up against a high base from the previous years, which further amplified the impact. Despite these headwinds, HMIL navigated the turbulence with agility with our quality of growth strategy, solidifying its position further in India', Kim said, adding he expects a rebound in the near future.The recent rate cuts by RBI & income tax relief by government should support the demand sentiment. 'We remain cautiously optimistic on the backdrop of global trade & economic uncertainties', Kim said.In the ongoing financial year, the company expects to grow in line with the industry in the domestic market, and thereafter gain further momentum once the new vehicles start hitting roads here. Exports this fiscal are expected to grow as on a faster clip - by 7-8% - driven by demand from emerging markets.Kim informed the company is in a pivotal phase, backed by aggressive strategies & robust investment plans in India over the next few years, particularly 'focusing on scaling up production capacity, accelerating our presence in the EV market & strengthening local manufacturing capabilities.'On the product front, of the 26 vehicles planned for mid-term, 20 will be internal combustion engine vehicles (petrol, diesel, CNG) and 6 EVs. The company additionally has firmed up plans to drive in strong hybrid vehicles, which would be over and above the ones already scheduled for entry.Kim confirmed, 'In addition to ongoing product interventions and updates, we are excited to announce that we will be launching 26 products. This will include a mix of new models, full model changes & product enhancements, by the end of financial year 2030. This will comprise 20 from ICE and 6 from EV segment. Additionally, we shall be introducing new ecofriendly powertrains like Hybrids.' The focus would remain on consolidating the company's presence in the fast-growing SUV segment in the country.Interestingly, as much as 68.5% of the company's sales last fiscal came in from SUVs, compared to 53% for the total industry. Hyundai Motor India said there is upside for growth in the segment and it will continue to focus on its premiumisation strategy to expand operations in the Indian market.More immediately, Hyundai Motor India is investing Rs 7000 crore in caped in the ongoing financial year to support it's expansion plans. About 40% of the capital will be utilised towards making operational its third plant in Talegaon (Maharashtra) in the third quarter of the fiscal year. The remaining resources will be channeled in product development-related programmes.For the entire fiscal, the company reported a 7% decline in consolidated net profit at Rs 5,640 crore. Revenue increased to Rs 69,193 crore for the last fiscal as compared with Rs 69,829 crore in FY24. The company's domestic sales declined to 5,98,666 units last fiscal as against 6,14,721 units in FY24. Exports remained flat at 1,63,386 units last fiscal as compared with 1,63,155 units in FY24.The company announced a dividend of Rs 21 per share for fiscal year ended March 31, 2025, translating into a pay out ratio of 30%. Shares of the company closed at Rs 1859.95 apiece, up by 1.29% on the BSE.
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