Latest news with #CRETAElectric
India.com
5 days ago
- Automotive
- India.com
Hyundai Motor India Targets 7–8% Growth in Exports for FY 2025-26, Eyes Role as Brand's Largest Export Hub Outside Korea
New Delhi: Hyundai Motor India Limited (HMIL) is eyeing a 7–8% growth in export volumes for the financial year 2025–26, as it marks 25 years of vehicle exports from India. The company has set its sights on becoming Hyundai's largest export hub outside of South Korea. Having begun its export operations in 1999 from Chennai Port, HMIL has shipped more than 3.7 million India-made vehicles globally, maintaining its position as the country's largest cumulative exporter of passenger vehicles. In FY 2024–25 alone, Hyundai exported 1,63,386 units, with Saudi Arabia, South Africa, Mexico, Chile, and Peru ranking among its top international markets. The automaker currently exports to over 60 countries and has a lineup of nine tailor-made products for overseas markets, including models like the Hyundai CRETA, CRETA Electric, ALCAZAR, EXTER, VENUE, AURA, VERNA, Grand i10 NIOS, and i20. HMIL recently commenced exports of the CRETA Electric to select neighbouring countries. 'In 2024-25, HMIL reached a significant milestone by completing 25 years of exports from India,' said Unsoo Kim, Managing Director, Hyundai Motor India Limited. 'As we aim to become Hyundai's largest export hub outside South Korea, we expect strong momentum to continue, with export volumes projected to grow by 7–8% in FY26.' Chennai Port has played a critical role in HMIL's export success. Shri S. Kirupanandasamy, Traffic Manager at Chennai Port Authority, noted the port's long-standing partnership with Hyundai. 'As the largest automobile export port in the Bay of Bengal, Chennai Port has served as a vital gateway for Hyundai's global shipments since 1999. Our dedicated facilities, including a holding yard for over 4,000 vehicles, support seamless export operations.' The company has achieved several export milestones faster than any other OEM in India – reaching 1 million units by 2010, 2 million by 2014, and 3 million by 2020. With a global strategy aligned to its 'Progress for Humanity' vision, Hyundai Motor India remains committed to expanding its footprint in emerging markets and reinforcing India's role as a major global automotive manufacturing base.
India Gazette
19-05-2025
- Automotive
- India Gazette
Hyundai to launch hybrid SUV: Carmaker unveils eco-friendly strategy and new products
New Delhi [India], May 19 (ANI): Hyundai Motor India Ltd. (HMIL) has announced its plans to introduce eco-friendly powertrains, including hybrid vehicles, as part of its long-term strategy to strengthen its position in the Indian automotive market. Unsoo Kim, Managing Director of Hyundai Motor India, shared the news during a statement on the company's financial performance and outlook. 'We are also excited to announce an aggressive launch pipeline of 26 products (including refreshments) by FY2030 comprising 20 ICE and 6 EVs. Additionally, we shall be introducing new eco-friendly powertrains like Hybrids. We believe that this aggressive launch pipeline, coupled with our upcoming Pune plant capacity, will give us great impetus to continue our growth story in India,' Kim said. This development aligns with Hyundai's broader vision of offering environmentally conscious mobility solutions, amid a growing shift in consumer preference towards greener vehicles. The announcement comes alongside Hyundai's plans to boost its manufacturing capacity in India with a new plant in Pune, positioning the company to better serve the evolving demands of the Indian market. Kim also highlighted Hyundai's resilience over the past year, citing the success of key product launches such as the CRETA Electric and Alcazar FL. 'Launch of products like CRETA Electric and Alcazar FL, along with seamless product refreshments across segments helped us in maintaining our competitive edge. Hyundai's strong brand presence in key global emerging markets enabled us to endure headwinds and sustain export volumes during the year. The year gone by signifies our resilience in the financial performance by way of sustained revenues & healthy operating margins attributable to improved realisations & effective cost control measures,' he noted. Improved cost control measures and strong brand equity helped the company maintain healthy operating margins and sustained export volumes despite global headwinds. Looking ahead, Kim remains cautiously optimistic about domestic demand amid ongoing macroeconomic challenges and subdued customer sentiment. 'While we expect our FY26 domestic growth to be broadly in line with Industry estimates of low-single digit, we are aiming for 7-8 per cent volume growth in Exports by improved focus and leveraging our strong brand equity and legacy in the key emerging markets,' he added. (ANI)
&w=3840&q=100)
Business Standard
16-05-2025
- Automotive
- Business Standard
Hyundai Motor Q4 results: Profit slips 4% to ₹1,583 cr, dividend declared
India's second-largest carmaker, Hyundai Motor India, registered a 4 per cent drop in standalone net profit for the fourth quarter (Q4) of the financial year 2024-25 (FY25). Profit after tax (PAT) for the Q4 FY25 stood at ₹1,583 crore compared to ₹1,649 crore reported in the year-ago period. Sequentially, however, the South Korean automaker's net profit zoomed 40 per cent from ₹1,124 crore. Standalone revenue from operations for the fourth quarter stood at ₹17,562 crore, up 2.5 per cent year-on-year (Y-o-Y) from ₹17,132 crore, and up 8 per cent quarter-on-quarter from ₹16,241.5 crore. Hyundai's earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose slightly to ₹2,533 crore, while the Ebitda margin decreased to 14.1 per cent in Q4 FY25, down from 14.3 per cent in Q4 FY24. The company reported its highest-ever domestic SUV contribution at 68.5 per cent, driven by strong demand in both urban and rural markets. "CRETA maintained its undisputed leadership with over 30 per cent market share in the midsize SUV segment," the company said in an exchange filing. Hyundai Motor India Q4 highlights Revenue: ₹17,562 crore, up 2.5 per cent Net Profit: ₹1,583 crore, down 4 per cent Earnings per share (EPS): ₹19.47 (basic and diluted) Hyundai India Q4 consolidated results On a consolidated basis, Hyundai India reported a net profit of ₹1,614 crore for the fourth quarter of FY25, showing a decline of almost 4 per cent from ₹1,677 crore in Q4 FY24. The company's revenue from operations, however, increased by 1.5 per cent Y-o-Y, reaching ₹17,940 crore for the quarter. Hyundai Motor India full financial year result For the full financial year that ended on March 31, 2025, the automaker net profit, on a standalone basis, dropped 7.7 per cent to ₹5,492 crore, compared to ₹5,954 crore reported at the end of the previous year. Revenue from operations slipped marginally by 1.3 per cent to ₹66,423 crore from ₹67,299 crore reported for FY24. Commenting on the results, Hyundai India's Managing Director Unsoo Kim said, 'FY25 business performance demonstrates our ability to navigate the tides by responding quickly to the ever-changing customer aspirations.' He attributed the success to the launch of key products like the CRETA Electric and Alcazar FL, along with seamless updates across segments, which helped Hyundai maintain a competitive edge. 'Hyundai's strong brand presence in key global emerging markets enabled us to endure headwinds and sustain export volumes during the year,' he said. 'We remain cautiously optimistic on domestic demand outlook in the near-term amid prevailing macro-turbulences and weakening customer sentiments,' he said. While Hyundai expects its domestic growth in FY26 to be in line with industry estimates of low single-digit growth, it is targeting 7-8 per cent volume growth in exports, fueled by its brand equity in key emerging markets. Hyundai Motor India FY25 highlights Hyundai India announces launches for FY30 Kim on Friday also announced the company's product launch plans for the coming years. 'We are excited to announce an aggressive launch pipeline of 26 products (including refreshments) by FY30, comprising 20 ICE and 6 EVs,' he stated. The company also plans to introduce new eco-friendly powertrains, including hybrids, as part of its "forward-looking strategy". The Hyundai India MD expressed confidence that this extensive launch pipeline, combined with expanded capacity at Hyundai's Pune plant, will provide 'great impetus to continue our growth story in India.' Hyundai India dividend Hyundai Motors' board has recommended a dividend of ₹21 per share (210 per cent of the face value of ₹10 per share), subject to shareholder approval.
