Latest news with #HyundaiMotorIndiaLtd
News18
20-05-2025
- Automotive
- News18
Hyundai i20 Magna Executive Launched At Rs 7.50 Lakh, Check What It Offers
Last Updated: Hyundai has also added its smooth and efficient Intelligent Variable Transmission (iVT) and an electric sunroof to the regular Magna trim. Hyundai Motor India Ltd (HMIL) has expanded its i20 range by introducing a new Magna Executive variant, priced at Rs 7.50 lakh (ex-showroom). This move is part of Hyundai's plan to offer advanced safety features at a more affordable price, targeting buyers in the premium hatchback segment. The new Magna Executive comes loaded with: Six airbags Electronic Stability Control (ESC) Vehicle Stability Management (VSM) These features were earlier available only in higher trims, but Hyundai is now making them more accessible, as per NDTV Auto. Hyundai has also added more premium features to the standard Magna trim, including: Intelligent Variable Transmission (iVT). Electric sunroof. These features were earlier limited to the top-end versions, but now even mid-level buyers can enjoy a more luxurious cabin. As an added bonus, Hyundai is offering a 25.55 cm touchscreen infotainment system as a genuine accessory for Rs 14,999. This system supports wireless Apple CarPlay and Android Auto, rear camera support, and 3-year warranty. First Published: May 20, 2025, 13:11 IST
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)
Mint
19-05-2025
- Automotive
- Mint
Hyundai Motor looks to accelerate speed with EV, hybrid car
Hyundai Motor India Ltd has been hit hard by the waning popularity of hatchback cars in India. Its domestic sales volume fell by 4% year-on-year in the March quarter (Q4FY25) led by a steep 18% drop in hatchback volumes. Export volumes saved the day, clocking 14% growth, keeping the company's total volume largely stable at 191,650 units. Average sales realization (blended for domestic and exports) increased 4.8% quarter-on-quarter to ₹8,94,792 per car. Year-on-year comparison showed the sales mix shifting in favour of a higher-priced SUV that benefits overall realization. So, it is better to look at the QoQ trend as the sales mix remained largely unchanged. Price hikes and lower discounts lifted realization. Consequently, Q4FY25 Ebitda margin rose QoQ by 271 basis points to 14.2% even though it was flattish year-on-year. For FY26, the management expects low single-digit sales growth in the domestic market with export growth pegged at 7-8%. Hyundai aims to maintain a double-digit Ebitda margin in FY26. There could be some pressure on the net profit as depreciation from the commissioning of the Pune plant acquired from General Motors starts reflecting in accounts. Focus on portfolio Hyundai has chalked out separate strategies for expanding product portfolio in the short-term and long-term. Currently, it is not present in the hybrid car segment and plans to launch a model by September. Maruti Suzuki India Ltd and Toyota have hybrid car models of Grand Vitara and Hyrider respectively that use petrol engine and electric motor, and offer flexibility to use either mode. Hybrid vehicles help address the needs of buyers worried about the widespread availability of electric vehicle (EV) charging infrastructure with faster charging speed. Hyundai hybrid car could be manufactured at the Pune plant, which is likely to start operations in H2FY26. The plant's initial capacity is 170,000 vehicles, and is likely to be raised to 2,50,000 units by 2028. Also read | 'India to have 123 million EVs on the road by 2032 under best-case scenario' Creta EV shines Hyundai Creta EV, launched in Q4FY25, has been received well by consumers with most bookings for the long-range variant. According to the management, the EV is profitable for Hyundai if the launch-related marketing expenses and test drive discounts are ignored. It is focusing on localization strategy for battery cells in future to further boost the profitability of the model. Investors will closely track if Creta EV and the launch of hybrid car help Hyundai regain lost market share. Note that Hyundai's market share based on wholesale volumes fell to 13.9% in FY25 from 14.6% a year ago. In the long term, Hyundai has ambitious plans to expand its product portfolio by launching 26 new models by FY30, including 20 internal combustion engine vehicles and six EVs. The company is the export hub for emerging markets in Latin America and Africa. But the management is also open to exploring export opportunities in advanced countries such as Australia. Export sales volume is expected to increase to 30% of total sales in the long term from 21% at FY25-end, but this would also depend on how domestic sales evolve. If Hyundai's valuation is compared with larger peer Maruti, based on Bloomberg consensus estimates for FY26, it throws some interesting data. Both quote at a price-to-earnings multiple of about 25x, but Hyundai is cheaper on an EV/Ebitda basis at 15x versus 19x for Maruti. What gives? Maruti's other income is far higher, whereas its depreciation cost as a percentage of Ebitda is lower. Both these factors have a positive influence on its net profit. Hence, the right metric for valuing the core performance of both companies is EV/Ebitda. Also read | EVs hit with falling resale value as consumer demand cools
Time of India
16-05-2025
- Automotive
- Time of India
Hyundai India plans 26 new models by 2030 despite FY25 profit dip
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 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 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 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 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 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 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 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 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 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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Business Standard
16-05-2025
- Automotive
- Business Standard
Hyundai Motor India Q4 profit down 3.8%, to launch 26 new models by FY30
Hyundai Motor India Ltd (HMIL) on Friday reported a 3.8 per cent year-on-year (Y-o-Y) decline in consolidated net profit to ₹1,614 crore in the fourth quarter of 2024-25 (FY25). The carmaker cited a high base effect and macroeconomic uncertainties that affected consumer sentiment and purchase decisions. For FY26, the company has adopted a cautious outlook, anticipating domestic growth to broadly track the industry's low single-digit estimates amid ongoing economic headwinds. However, HMIL is targeting 7–8 per cent growth in exports for the year. As part of its long-term strategy, the carmaker announced a pipeline of 26 product launches by FY30, including a mix of new models, facelifts, and refreshments. These will comprise 20 internal combustion engine (ICE) vehicles and six electric vehicles (EVs), alongside the introduction of eco-friendly powertrains such as hybrids. The carmaker stated that in the next two years, eight cars -- new models and facelifts -- will be launched in India. According to data from the Society of Indian Automobile Manufacturers (Siam), Hyundai's wholesales in FY25 stood at 599,000 units, marking a 2.6 per cent Y-o-Y decline. Its exports remained flat at around 163,000 units. HMIL currently sells 14 car models in India, including nine SUVs, two sedans, and three hatchbacks. The company's consolidated net profit in FY25 stood at ₹5,640 crore, a 6.9 per cent drop from last year. 'FY25 was a challenging and transformative year for the Indian automotive industry,' Unsoo Kim, managing director, HMIL, told reporters during a post-results call. 'The environment remained tough, with macroeconomic uncertainties impacting consumer sentiment. On top of that, we were up against a high base, which further amplified the impact," he noted. The company is in an expansion phase, with investments aimed at increasing production capacity, strengthening local manufacturing, and accelerating EV adoption. Its third manufacturing facility, located in Talegaon, Maharashtra, is expected to begin production in the third quarter of FY26, Kim noted. While recent rate cuts by the RBI and tax relief by the government may support demand, HMIL remains cautiously optimistic given the global economic backdrop. Kim said the company will continue to focus on SUVs and premiumisation, which it sees as key growth drivers. Despite a sales decline in FY25, Hyundai emphasised a strong export strategy. The company's exports recorded 14 per cent Y-o-Y growth in the fourth quarter of FY25, and 20 per cent Y-o-Y growth in April this year.
