Hyundai Motor India Q2 results: Net profit rises 14%

In the face of stiff competition from rival original equipment manufacturers (OEMs) like Mahindra and Tata, Hyundai's domestic volumes declined 7% y-o-y at 1,39,521 units in Q2 FY26 from 1,49,639 units in Q2 FY25. The Creta was again the volume driver at 51,683 units, accounting for 37% of the domestic wholesales.

However, the company did much better in terms of exports as the shipments rose 21% y-o-y at 51,400 units during the period under review from 42,300 units in the year-ago period.

The carmaker claimed that it witnessed the highest-ever domestic SUV contribution at 71% in Q2 FY26. Also, the rural market share reached its peak at 24% during the quarter.

Hyundai currently offers internal combustion engine (ICE) models like the Grand i10 Nios, i20, Aura, Verna, Exter, Venue, Creta, Alcazar and Tucson. The company also has a couple of electric vehicles (EVs) -- Creta Electric and Ioniq 5 -- in its domestic portfolio. It is gearing up to launch the second-generation Venue on November 4.

Commenting on the company's results, Managing Director Unsoo Kim said: "We delivered a strong financial performance for the quarter across key metrics with evident growth in revenue and profitability. The strong EBITDA margin at nearly 14% is a further testament of our 'Quality of Growth' strategy, complemented by robust exports and consistent cost optimisation efforts."

"The transformative Goods and Services Tax (GST) reforms have acted as a catalyst and looking ahead, we aim to keep pace with the industry's growth momentum for the residual part of the year, while our strong export performance is set to surpass targets for FY26," he added.