The shares of Hyundai Motor India jumped nearly 7 percent on June 9 to hit a fresh life-time high, posting the biggest single-day rise in nearly 11 weeks, after the management sounded bullish on export plans and shared a 7-8 percent growth forecast for overseas shipment from India.
Hyundai Motor India shares have now extended gains for a fourth consecutive session, rising nearly 9 percent since June 2.
Kotak Institutional Equities maintained a 'Buy' rating on the stock, with a target price of Rs 2,050 apiece. This implies an upside potential of over 10 percent from the stock's previous closing price of Rs 1,861.10 apiece. "We expect near-term demand trends to remain muted, owing to weak consumer sentiments, limited newer launches and a higher based. However, we expect industry trends to improve from 2HFY26, driven by multiple tailwinds," the firm said in its latest report.
During an analyst call, Hyundai Motor India Managing Director Unsoo Kim recently said the company plans to make its Indian arm the largest export hub outside South Korea. "We aspire to continue our growth trajectory in exports in the coming years," he said, while adding that exports have risen strongly in recent months, and the company aims to sustain the growth trajectory.
"For FY26, we anticipate the growth in export volumes to be around 7-8%, supported by robust demand for our products in the emerging markets," Kim added.
Additionally, Hyundai is also working to roll out the Bayon compact SUV with a new engine in the Indian market, automotive news website had Autocar recently reported. The SUV, which resembles Verna from the front, will feature a Made-in India engine, the report added.
RBI Governor Sanjay Malhotra on June 6 announced Monetary Policy Committee's (MPC) decision to cut the central bank's policy repo rate by 50 basis points, higher than analysts expectations. This move is expected to reduce the EMI costs for customers. Such expectations are likely to act as a positive for auto stocks, like that of Hyundai.
During May, the company achieved the milestone of 9 million units as domestic sales for the first time since its inception. The total monthly sales stood at 60,774 units in April 2025, comprising domestic sales of 44,374 units and export sales of 16,400 units.
Tarun Garg, Whole-time Director and Chief Operating Officer of the company had said, "While the domestic market continues to face headwinds on account of various macro-economic factors, we continue to champion 'Make in India, Made for the World' emphasizing HMIL’s strong focus on exports. This has resulted in a robust 21.5% YoY growth in export volumes in April 2025 and 16.2% growth during January to April 2025 as compared to same period in the previous year. Overall, we remain dedicated to enhancing value for our customers as we gear up to commence operations at our new plant at Talegaon in Q4 of this calendar year."
In May, the company reported a net profit of Rs 1,614 crore for the fourth quarter of the financial year 2025. This marks a fall of nearly 4 percent from the Rs 1,677 crore net profit reported in Q4 FY24. The firm's revenue from operations meanwhile rose 1.5 percent YoY to Rs 17,940 crore during the quarter under review.
Along with the Q4 results, Hyundai India announced a final dividend of Rs 21 per equity share for the financial year 2025. The company said that despite macro and global headwinds, its export volumes stood at 1.63 lakh, while domestic volumes were reported at 5.99 lakh.
The automaker's EBITDA rose marginally to Rs 2,533 crore, while EBITDA margin declined to 14.1 percent in Q4 FY25 from 14.3 percent in Q4 FY24.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!