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Time of India
21 hours ago
- 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.
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.
India.com
26-06-2025
- Automotive
- India.com
Hyundai Celebrates 25 Years of Vehicle Exports from India, Surpasses 3.7 Million Units
Chennai – Hyundai Motor India Ltd. (HMIL) has reached a remarkable milestone, celebrating 25 years of vehicle exports from India. With over 3.7 million Made-in-India vehicles shipped to more than 150 countries, India now stands as Hyundai's largest export hub outside South Korea, reaffirming its global manufacturing and supply chain prowess. Since commencing exports in 1999, Hyundai's state-of-the-art production facility in Chennai has evolved into a strategic node in the company's international operations. In FY 2024–25 alone, the automaker exported over 1.63 lakh units, and it projects 7–8% growth in export volumes for FY 2025–26. The top export destinations for Hyundai from India include Saudi Arabia, South Africa, Mexico, Chile, and Peru, underscoring the brand's strong demand across emerging and mature global markets. The company's export portfolio is led by models such as the Creta, i20, and Grand i10. A key enabler of Hyundai's export success is its long-standing partnership with the Chennai Port, ensuring efficient global distribution and logistics. The company also continues to invest in technology, sustainability, and automation at its Indian plant to meet evolving global standards. Speaking on the occasion, Hyundai reiterated its commitment to 'Progress for Humanity,' focusing on sustainable mobility solutions, digital transformation, and enhanced customer experiences across the globe. With two and a half decades of export leadership, Hyundai Motor India continues to play a pivotal role in driving global automotive growth — right from its base in Chennai.
India Today
02-06-2025
- Automotive
- India Today
Hyundai back in third spot with 58,701 units sold in May 2025
Hyundai Motor India Limited (HMIL) reported total monthly sales of 58,701 units in May 2025, comprising 43,861 domestic units and 14,840 export units, back at the third position in India's domestic passenger vehicle market after a three-month stint in fourth domestic sales of 43,861 units in May edged out Tata Motors' 41,557 units by a margin of approximately 2,300 units, marking a return to third spot after being overtaken by Mahindra and Tata Motors from February to April 2025. This recovery comes despite a scheduled biannual maintenance shutdown at HMIL's Chennai manufacturing facility, which impacted the availability of key models, according to Tarun Garg, Whole-time Director and Chief Operating Officer, total sales volume for May 2025 stood at 58,701 units,' Garg said. 'May is a month of our routine week-long biannual maintenance shutdown, which affects the availability of a few critical models. We remain optimistic about a steady increase in demand for both domestic and international shipments, supported by reduced geopolitical uncertainties and an improving macroeconomic environment.' While Hyundai secured third place in domestic sales, its export performance of 14,840 units helped it maintain the overall second position in India's passenger vehicle market, with total sales surpassing Mahindra's 54,819 units (including 2,388 export units). Hyundai's Chennai facility continues to serve as a major manufacturing hub for global markets,Mahindra emerged as the clear second-largest player in the domestic market, recording 52,431 units sold—a 21% year-on-year growth. The company's SUV-focused strategy, with models like the Scorpio-N, XUV700, and Thar, has capitalised on India's growing preference for utility vehicles, establishing a significant lead over Hyundai and Tata May 2025 rankings highlight the intensifying competition in India's passenger vehicle market. Maruti Suzuki continues to lead with an estimated 40% market share, while Mahindra's domestic share likely exceeds 15%. Hyundai and Tata Motors are vying for 12-13% market share, with Hyundai's diverse portfolio—including the Grand i10, Creta, and Venue—helping it regain Motors, despite its leadership in electric vehicles and strong SUV offerings like the Nexon and Harrier, faced an 11% year-on-year decline, slipping to fourth place domestically. The narrow gap between Hyundai and Tata underscores the fluid nature of the market, where monthly performance significantly influences competitive to Auto Today Magazine
India Gazette
02-06-2025
- Automotive
- India Gazette
Hyundai Motor India reports monthly sales of 58,701 units in May 2025
Gurugram (Haryana) [India], June 2 (ANI): Hyundai Motor India Limited (HMIL) recorded total monthly sales of 58,701 units, including domestic sales of 43,861 units and exports of 14,840 units in May 2025, which shows the demand for the car overseas. According to HMIL, the availability of a few critical models was impacted in May on account of the scheduled biannual plant maintenance shutdown at the Chennai manufacturing facility. Tarun Garg, whole-time Director and Chief Operating Officer, HMIL, commenting on the performance, stated, 'HMIL's total sales volume for May 2025 stood at 58,701 units. May is a month of our routine week-long biannual maintenance shutdown at our Chennai manufacturing facility which affects availability of few critical models. The company also stated, 'We continue to witness consistent growth in our exports volume and this is a testament to the 'Make in India, Made for the World' philosophy that we passionately uphold. Going forward, we remain hopeful of a steady increase in demand for both domestic as well as international shipments with reduced uncertainty on the geo-political front and improved macro-economic situation.' Hyundai contributed 68.5 per cent in domestic SUV supply to the Indian market in FY24-25, with Creta contributing to over 30 per cent in midsize SUV space. The company exported 163K vehicles, while domestic volumes stood at 599K in the last fiscal. Revenues of the company in FY24-25 stood at Rs 691,929 Mn. and EBITDA at Rs89,538 Mn, with EBITDA margin at 12.9 per cent. last fiscal the company has given a dividend of Rs21 per to its shareholders. The product line of Hyundai India includes Grand i10 (Hatchback & Sedan), i20, Venue, Accent (Verna), Creta and Creta Grand. The company currently exports to more than 80 countries. (ANI)
