Hyundai India Aims Eight Percent Annual Exports Growth
Following a 14 percent increase in international sales in the fourth quarter, which helped it surpass profit projections, Hyundai Motor India anticipates exports to climb seven percent – eight percent in the fiscal year ending in March 2026.
According to LSEG data, the automaker reported a quarterly profit of 16.14 billion rupees, which was four percent lower than the previous year but significantly more than analysts' forecast of 13.17 billion rupees.
Due to the Red Sea issue, exports increased by 0.1 percent in fiscal 2025.
The South Korean automaker wants to establish India as a platform for emerging markets and its primary export destination outside of its home market.
According to Hyundai, 40 percent of this year's 70 billion rupee ($818.5 million) capital expenditure would go toward expanding output from an initial 130,000 units at its third factory in Maharashtra, which is expected to begin production by the third quarter.
In an effort to counteract weak domestic demand, the business, like market leader Maruti Suzuki, is aiming for a one percent–two percent increase in domestic sales this fiscal year despite increased competition.
While aiming for a one percent – two percent increase in domestic sales this fiscal year because to increased competition, the business is joining market leader Maruti Suzuki in focusing on increased exports to counteract sluggish domestic demand.
By fiscal 2030, it also intends to introduce 20 new models of combustion engines and six electric vehicles, with eight more to follow in the next two years.
Hyundai's Indian division anticipates that its EBITDA margin—earnings before interest, taxes, depreciation, and amortization—will stay in the double digits for the current year. It revealed an EBITDA margin of 14.1 percent for the fourth quarter.
Additionally, it stated that by March 2026, it wants its electric cars (EVs) to surpass its combustion engine vehicles in terms of market share.
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The company's stock ended the day one percent higher. Hyundai India has experienced a five percent decline after becoming public during India's largest IPO in late October 2024. $1 is equivalent to 85.5200 Indian rupees.