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Time of India
31-07-2025
- Automotive
- Time of India
Softness in demand continues to weigh on overall industry sentiments, says Hyundai MD
New Delhi: With domestic sales under pressure, Hyundai Motor India Ltd ( HMIL ) reported a 8 per cent decline in consolidated net profit to ₹1,369 crore for the quarter ended June 30, 2025, compared to ₹1,490 crore in the same period last year. Domestic vehicle sales for Q1 stood at 1.32 lakh units, down 13 per cent year-on-year, from 1.49 lakh. 'The softness in demand continued to weigh on overall industry sentiment, driven by persistent macroeconomic challenges and further intensified by global uncertainties,' said Unsoo Kim , Managing Director, during the post-earnings media briefing on Wednesday. Despite the dip in profitability, the company managed to maintain its PAT margin at 8.2 per cent in Q1 FY26, compared to 8.5 per cent in the corresponding quarter last year. The year-on-year margin contraction was primarily attributed to 'higher discounting' levels. Meanwhile, it also expressed cautious optimism about a gradual recovery in the coming quarters. It cited potential tailwinds such as a favourable monsoon, the upcoming festive season, and supportive government measures including possible interest rate cuts, income tax relief, and the anticipated implementation of the next pay commission. The company's COO Tarun Garg, stated that discount levels averaged 3.4 per cent during Q1, significantly lower than the industry average. 'We expect this to remain in a similar range or slightly lower going forward. We don't anticipate any increase in discounting.' Hyundai also confirmed that it is not facing any disruption related to rare-earth magnets, citing adequate inventory coverage at present. Exports, meanwhile, registered a robust 13 per cent year-on-year growth in Q1 FY26, rising to 48,140 units from 42,600 units in the same quarter last year. The growth was driven by strong demand from Africa and other emerging markets. Product mix Average selling price (ASP) for Hyundai in the domestic market rose marginally to ₹7.65 lakh in Q1 FY26, up from ₹7.60 lakh in the same quarter last year. Creta continued to dominate its portfolio, contributing 36 per cent to overall sales, followed by the Venue at 17 per cent, Exter at 13 per cent, Aura at 11.2 per cent, Grand i10 at 10 per cent, and the i20 at 9 per cent. The share of first-time buyers remained steady at around 40 per cent. SUVs made up 69 per cent of Hyundai's total sales portfolio in Q1 FY26, highlighting the continued consumer shift away from hatchbacks, which saw a year-on-year decline, while sedan volumes remained relatively flat. Garg noted that consumer demand is evolving, particularly in the sub-₹10 lakh segment. 'This body type didn't exist five years ago. Today, in the ₹6-8 lakh range where customers once opted for hatchbacks, they now prefer compact SUVs like the Exter, offering greater space, higher ground clearance, elevated seating, and six airbags as standard,' he said. CNG variants contributed over 16 per cent to Hyundai's overall sales portfolio, while EV contribution remained modest at 1.4 per cent for the quarter. Meanwhile, diesel variants accounted for around 20 per cent of its total sales mix during the period. The carmaker has recently commenced engine production at its Talegaon (Pune) plant, which will cater to both its Chennai and Pune manufacturing operations. The new facility has an installed capacity of 1.5 lakh engines. While the company has not confirmed export plans yet, it noted, 'We will take a call'. CAFE norms Amid the ongoing industry tussle between Maruti Suzuki and Mahindra & Mahindra over exemptions for small cars under the proposed fuel efficiency norms, Hyundai has largely refrained from picking a side. Addressing the matter, Garg said, 'Whatever representations we make, we make them through SIAM. We trust that SIAM will take all industry concerns to the government.' Garg noted that the Creta EV will play a key role in helping Hyundai meet Corporate Average Fuel Economy (CAFE) norms. 'In Q1, the CAFE target was 117.286, and we achieved 112.856, exceeding the requirement by 4.430 points. So, we comfortably passed the CAFE compliance,' he said. Hyundai Motor India will host its first-ever Investor Day on October 15, 2025. As part of its growth agenda, the company has announced plans to launch 26 new products by the end of FY30, spanning internal combustion engine (ICE), electric, and alternative fuel segments.
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Business Standard
30-07-2025
- Automotive
- Business Standard
Hyundai Q1 FY26 profit down 8.1% amid weak demand, macro headwinds
Hyundai Motor India Ltd (HMIL) on Wednesday reported an 8.1 per cent year-on-year decline in consolidated net profit to Rs 1,362.3 crore in the first quarter of FY26, impacted by sluggish domestic demand, weak hatchback sales, a tense geopolitical situation and macroeconomic uncertainty. Hyundai also noted a structural shift in consumer preference towards compact SUVs over entry-level hatchbacks, which has affected segment volumes. Despite cost pressures, HMIL managed to maintain an EBITDA margin of 13.3 per cent, supported by a rise in exports, higher CNG penetration, and disciplined pricing. 'The prolonged softness in demand, driven by macro challenges and global uncertainties, continued to weigh on market sentiment,' said Unsoo Kim, managing director, HMIL. 'However, we remained focused on expanding our rural presence, updating our product line-up, and enhancing brand competitiveness,' he added. Rural markets accounted for 23 per cent of Hyundai's domestic volumes during the quarter — the company's highest-ever rural penetration. 'The hatchback segment is shrinking — it has dropped from 46 per cent of the passenger vehicle market in FY21 to just 21 per cent in Q1,' said Tarun Garg, chief operating officer, HMIL. 'What we're seeing is a clear shift. Instead of small cars, buyers are opting for entry-level SUVs like the Exter. These offer better space, stronger road presence, and align with evolving customer aspirations,' he noted. Garg added that the share of first-time buyers in Hyundai's sales continues to rise, and the contribution of SUVs in rural areas also mirrors the national trend. 'Even in rural markets, SUVs account for 68 per cent of our sales. The myth that rural customers prefer only small cars is changing.' Hyundai's discount levels during the quarter stood at 3.4 per cent — below the industry average. 'We don't see discounts going up,' said Garg. 'In fact, depending on the festive momentum, they may hold or come down.' Hyundai said that while macroeconomic concerns — including the Indo-Pak situation, the Iran-Israel conflict, and tariff uncertainties — had not directly impacted sales, the overall environment remained volatile. He expressed optimism about the second half of the fiscal year. 'We are entering the festive season early this year, with Onam and Ganesh Chaturthi. The impact of recent RBI rate cuts and income tax relief will likely be visible in H2, as salaried customers plan their spending,' he said. 'Forty-four per cent of our buyers are salaried, and we expect the benefits to start reflecting in demand.' On the export front, Hyundai saw a 13 per cent increase in volumes, with exports accounting for 27 per cent of its overall sales mix. The company said it has seen broad-based growth across emerging markets, reinforcing India's role as a global manufacturing hub. 'We are not facing any shortage of rare earth magnets,' said K S Hariharan, head of investor relations, HMIL, during the earnings conference call. 'We continue to work with our vendors to ensure supply continuity,' Hariharan added. Hyundai has also commenced engine production at its newly acquired Pune facility, which will support both Pune and Chennai operations and improve production efficiency. The company will host its first Investor Day on October 15, where it plans to detail its product roadmap, including 26 new launches by FY30 and its strategy for powertrain diversification. SUVs accounted for 68 per cent of Hyundai's total domestic sales during the quarter — significantly higher than the industry average of 54 per cent. The Creta retained its leadership in the mid-size SUV segment, supported in part by the introduction of its EV variant.
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Business Standard
11-07-2025
- Automotive
- Business Standard
Nuvama initiates 'Buy' on Hyundai India, sets ₹2,600 target on growth push
Nuvama on Hyundai India: Automobile company Hyundai Motor India (HMI) is likely to stay in the spotlight today after domestic brokerage Nuvama initiated coverage with a 'Buy' rating and a target price of ₹2,600, which reflects a 24.3 per cent upside from the last close of ₹2,091.65 on the BSE. Analysts at Nuvama said the company is entering a high-growth phase supported by a strong launch pipeline and backing from global parent Hyundai Motor Company (HMC). HMI, India's second-largest passenger vehicle (PV) original equipment manufacturer (OEM), is planning 26 launches by FY30, including 7-8 all-new models. 'Over the next 18 months, we expect a new compact SUV, a micro E-SUV and multiple refreshes, ratcheting up HMI's domestic MS by ~1pp to 15 per cent by FY28E,' Raghunandhan NL, Manav Shah, and Rahul Kumar of Nuvama said, in a note, 26 launches by FY30, market share set to rise The product roadmap, analysts suggested, includes facelifts for models like Venue, Verna and Exter, along with new entries based on the Bayon platform (to compete with Maruti Fronx) and a micro electric SUV to rival Tata Punch EV. Nuvama expects this aggressive expansion to lift Hyundai Motor India's domestic volume/revenue CAGR to 6 per cent/9 per cent over FY25–28, aided by SUV mix and premium features like ADAS and sunroofs. Parent support brings tech, global access The company gains a major edge from its parent Hyundai Motor Company (HMC), the world's third-largest mass-market PV maker, with over 40 models sold across more than 200 countries. 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. Export volume/revenue CAGR is expected at 9 per cent/11 per cent over FY25–28, with strong demand from Latin America, Africa, and recovery in Asia and the Middle East, analysts noted. Solid financials back valuation Nuvama projects Hyundai Motor India to clock revenue/Ebitda CAGR of 9 per cent/12 per cent with a 57 per cent average RoIC over FY25–28. Annual free cash flow is estimated at ₹4,300 crore during FY26–28, pushing net cash from ₹7,800 crore in FY25 to ₹17,200 crore in FY28. The ₹2,600-target is based on a discounted cash flow (DCF) model implying 30x Sep-27E core PE plus ₹117/share in net cash. Risks to watch Potential risks, analysts believe, include weaker-than-expected domestic or export growth, poor product performance amid heightened competition, and margin headwinds from discounting or currency and commodity volatility.
Hindustan Times
01-07-2025
- Automotive
- Hindustan Times
Hyundai sells 60,924 units in June 2025, SUVs contribute 67.6% to domestic sales
Hyundai Motor India stated that SUVs accounted for 67.6 per cent of its overall domestic sales during June Check Offers Hyundai Motor India Ltd (HMIL) achieved total sales of 60,924 units during June 2025 and out of that 44,024 units were in the domestic market and 16,900 units were exported. Despite being confronted with headwinds related to geopolitical and macroeconomic indicators, total domestic sales held flat; SUV remained dominant and unyielding. The company reaffirmed that SUVs accounted for 67.6 per cent of its overall domestic sales during June, a testament to increasing consumer affinity for high-riding, feature-loaded models across segments. Q1 FY26: Exports contribute over a quarter of total sales Cumulatively for the initial quarter of FY26 (April to June 2025), Hyundai recorded total sales of 1,80,399 units, including 1,32,259 units sold domestically and 48,140 units exported. Exports saw a 13 per cent year-on-year growth compared to Q1 FY25, when the company shipped 42,600 units overseas. With this, exports accounted for 26.7 per cent of Hyundai's total Q1 sales, up from 22.2 per cent in the same quarter last year. The rising level of export contribution, supports Hyundai's two-pronged market strategy and resilience in overseas markets, despite a cautious domesticated demand setup. Domestic Outlook: SUVs hold steady as sentiment remains mixed There is some friction in the domestic market but has held ground for SUVs like Creta, Venue, Exter, and Tucson. The SUV segment, contributing over two-thirds of Hyundai's June domestic sales, continues to offset some of the softness seen in hatchback and sedan categories. Commenting on the performance, Tarun Garg, Whole-time Director and COO, HMIL, acknowledged the impact of global geopolitical uncertainty and cautious consumer sentiment. However, he noted that upcoming capacity expansion at Hyundai's Talegaon plant, coupled with recent monetary policy adjustments (repo rate and CRR cuts), could support a gradual recovery in demand going forward. With a stable range of SUVs, growing export momentum, and further production capacity scheduled to be added shortly, Hyundai is well set to ride out present uncertainties while laying the groundwork for revival in the second half of the fiscal year. The company's stance remains balanced, intent on value delivery in domestic as well as international markets. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 01 Jul 2025, 17:47 PM IST
The Citizen
01-07-2025
- Automotive
- The Citizen
Hyundai Exter brings SUV attitude to compact car practicality
At first glance, the Hyundai Exter might seem like a Grand i10 wearing hiking boots – and that's not too far off. Under the skin, the Exter shares its platform and mechanical bones with the Grand i10, but its styling, packaging and positioning mean it's aimed at a different kind of buyer in South Africa. View this post on Instagram A post shared by CAR Magazine (@carmagazinesa) Looking for a new or used Hyundai? Find it here with CARmag! Hyundai didn't just give the Exter a plastic cladding and call it a day. No, it stretched the Grand i10 formula into the small crossover space, answering a question many buyers may have been asking: 'Can I get something compact, efficient and spacious that doesn't look like a rental car?' Design: Inside-out Let's start with the looks. The Exter leans heavily into crossover styling cues, with square lines, exaggerated wheel arches, roof rails and upright lighting elements. Compared with the hatchback's softer curves and the sedan's more subdued shape, the Exter appears chunkier and more SUV-like, even though it's not much bigger. The boomerang LED daytime running lights, H-shaped elements, and plastic body cladding aren't just for show – they give it presence. In contrast, the Grand i10 hatch is friendlier and more youthful, while the sedan plays it safe and practical. Inside, the Exter builds on the Grand i10's foundation but brings a few surprises. The basic layout is familiar – touchscreen infotainment, Apple CarPlay/Android Auto, manual aircon – but the Exter feels more upmarket in how it uses space and materials (even though plastic is abundant). The higher seating position gives drivers better visibility, and there's a sense of more headroom and width thanks to the boxier shape. Like the hatch and sedan, the Exter offers rear air vents, USB ports, and split-folding rear seats on higher trims, but it feels slightly more premium in execution, particularly in its cabin colour themes. In our initial impressions of the little crossover, we noted: 'The Exter has a big role in enhancing Hyundai's local portfolio. In taking over from the Venue as the automaker's most affordable crossover, it must convince potential buyers of its prowess. The eye-catching price point will draw in consumers, but how the buying public reacts to the overt use of plastic will be key.' Size compared to siblings Dimensionally, the differences are subtle but meaningful. The Exter has a slightly longer wheelbase and sits taller than the Grand i10 hatch, which improves rear seat comfort and boot access. At 3 815mm long, it's a tad shorter than the sedan (3 995mm) but more upright, which means more usable interior space in a smaller footprint. It rides higher off the ground, too – an important consideration for rural or less-than-perfect urban roads in South Africa. That extra ride height gives the crossover the advantage over speed bumps and gravel, something the low-slung Grand i10 hatchback and sedan sometimes need a more gracious hand for when crossing. In summary So, where exactly does the Exter slot in? It doesn't replace the Grand i10 – instead, it builds on it. Think of it as the adventurous sibling in a sensible family. The Grand i10 hatchback still makes perfect sense for city drivers looking for efficiency and value in a small footprint. The sedan adds more boot space and a slightly more grown-up appeal. The Exter, however, adds some flair and versatility for those who want SUV looks without SUV costs. Importantly, Hyundai hasn't priced the crossover out of reach. Its value proposition is strong, and for many buyers, the newcomer will feel like a more substantial car without asking for much more money than a top-spec Grand i10. And that's the point. Hyundai Exter pricing Exter 1.2 Premium MT – R269 900 Exter 1.2 Executive MT – R289 900 Exter 1.2 Premium AT – R294 900 Exter 1.2 Executive AT – R314 900 Exter 1.2 Elite AT – R334 900 Browse thousands of new and used vehicles here with CARmag! The post Where the Hyundai Exter Fits in the Grand i10 Line-Up appeared first on CAR Magazine. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal.
