Net profit of Hyundai Motor India declined 18.56% to Rs 1160.73 crore in the quarter ended December 2024 as against Rs 1425.22 crore during the previous quarter ended December 2023. Sales declined 1.14% to Rs 16323.09 crore in the quarter ended December 2024 as against Rs 16512.02 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales16323.0916512.02 -1 OPM %11.4913.16 - PBDT2090.102493.55 -16 PBT1562.731959.74 -20 NP1160.731425.22 -19 Powered by Capital Market - Live

Domestic sales accounted for 77.8% of the revenue and the remaining 22.2% was from exports. Total sales volume for the third quarter was 186,408 vehicles, down 2.4% YoY. Domestic sales and exports were 146,022 units (down 0.9% YoY) and 40,386 units (down 7.5% YoY), respectively. The company stated continued weak demand, despite good festive sales. Further, the exports were impacted by geo-political issues. The domestic sales recorded a strong contribution from SUV segment. The company has achieved its highest ever CNG penetration during the quarter, reaching 15% which was 12% in Q3 of the previous year. During the quarter, the company's rural penetration increased to 21.2% from 19.7% in the same period last year. EBITDA fell 13.7% to Rs 1,875.5 crore in the December'24 quarter from 2,173.5 crore registered in the same period last year. EBITDA margin for Q3 FY25 was 11.3%, down 160 basis points YoY. Profit before tax in Q3 FY25 stood at Rs 1,562.73 crore, down by 20.3% from Rs 1,959.74 crore in Q3 FY24. Unsoo Kim, managing director, said: While the challenges persist in the overall market due to global factors, our business fundamentals remain strong, and we remain confident in our ability to leverage our strengths and actively explore potential opportunities to improve our volumes and profitability.' In its outlook, Hyundai Motor India stated that it has positive outlook on growing EV penetration in India and is headed towards electrification with a holistic approach. The company is also building a strong EV ecosystem in India like localization, charging infrastructure, etc. and along with 3 more EVs planned in due time. Aligned with the aggressive capacity expansion plans from Pune plant, the company will also be focusing on diversifying their product portfolio. The company will also look to explore opportunities in alternate eco-friendly powertrains. With access to HMC's global powertrain technologies like hybrids, hydrogen, flex fuel etc., the company believes it is well placed to adapt to any change in demand dynamics and regulatory environment. Hyundai Motor India is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales in CY23. Manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. Additionally, parts such as transmissions and engines are also manufactured. The scrip was up 0.05% to currently trade at Rs 1644.45 on the BSE. Powered by Capital Market - Live

Hyundai Motor India will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

Hyundai Motor India (HMIL) underscored its commitment to 'Make-in-India' by showcasing its indigenization efforts through a dedicated Localization Zone at the Bharat Mobility Global Expo 2025. HMIL, through a strategic indigenization roadmap, has achieved up to 92% localization in manufacturing. Additionally, HMIL and Mobis India have also commenced local assembly of battery-packs at a newly commissioned state-of-the-art facility within HMIL's Chennai manufacturing facility. The Hyundai CRETA Electric becomes the first model to come equipped with locally assembled battery-packs from the plant. HMIL's localisation efforts have led to forex savings of US $672 Million (INR 5,678 Crore+) since 2019, and have fostered direct employment opportunities for over 1,400 people. Commenting on HMIL's commitment towards localization, Gopalakrishnan Chathapuram Sivaramakrishnan, Whole-time Director and Chief Manufacturing Officer - HMIL said, 'HMIL's indigenization efforts are deeply in sync with Government of India's 'Atmanirbhar Bharat' and 'Make-in-India' initiatives, and our localization strategy strives to constantly leverage India's rich resources, skilled workforce and advanced engineering prowess, to develop world-class technology domestically. Commissioning of the HMIL and Mobis India Limited's battery-pack assembly plant is a key milestone in our localization and EV roadmap. The Hyundai CRETA Electric becomes the first Hyundai EV manufactured in India to come equipped with battery-packs assembled at this very plant, making it a true game-changer.' Powered by Capital Market - Live

Hyundai Motor India has introduced new variants and feature upgrades for three of its popular models'VENUE, VERNA and Grand i10 NIOS. ntroducing the new variants and upgrades, Tarun Garg, Whole-Time Director and Chief Operating Officer, Hyundai Motor India, said, 'The latest product updates on our 3 key models reflect Hyundai's commitment to delivering cutting-edge technology, premium design and exceptional performance. We are confident that these enhancements will resonate with our customers and elevate their driving experience.'Powered by Capital Market - Live

Hyundai Motor India (HMIL), today reveals the much anticipated Hyundai CRETA Electric. The Hyundai CRETA Electric is revealed with an engaging TVC, 'India is now Ready; Electric is now CRETA', which highlights India's readiness for electric mobility, and focuses on the question 'Why Now?'. It also showcases the vehicle's bold exterior, sophisticated interiors, and advanced technological features. The Hyundai CRETA Electric will be available in 4 variants - Executive, Smart, Premium and Excellence with 8 monotone and 2 dual-tone color options including 3 Matte colors to suit every style. The new and exclusive ocean blue metallic with black roof makes for a striking contrast, creating a modern and sophisticated look. It catches people's attention and emits elegance on the road.Powered by Capital Market - Live

Hyundai Motor India (HMIL) recorded its highest ever yearly domestic sales of 6,05,433 units in CY 2024. HMIL achieved total sales of 7,64,119 units (Domestic + Export) in CY 2024. In December 2024, HMIL reported total monthly sales of 55,078 units compared to 56,450 units sold in December 2023, recording a decline of 2.4%. Total sales include domestic sales of 42,208 units (down 1.3%) and exports of 12,870 units (down 6.1%). Commenting on HMIL sales, Tarun Garg, Whole-time Director and Chief Operating Officer, Hyundai Motor India Limited said, 'HMIL has managed to sustain sales momentum in 2024, despite strong headwinds faced by the industry at large. Achieving highest ever domestic sales three years in a row, reflects customers' preference for brand Hyundai as their trusted smart mobility solutions provider. Introduction of the innovative Hy-CNG Duo technology in 2024 resonated well with buyers, translating to the highest ever CNG contribution of 13.1% to HMIL's domestic sales in CY 2024, against 10.4% in CY 2023. By achieving highest ever yearly domestic sales of 1,86,919 Lakh units, Hyundai CRETA continued to strengthen HMIL's position as an SUV leader, helping HMIL accomplish highest ever domestic SUV contribution of 67.6% in CY 2024. We are confident that the upcoming CRETA Electric, will further expand the appeal of this Undisputed, Ultimate SUV.'Powered by Capital Market - Live

While domestic sales fell 1.3% to 42,208 units, total exports slipped 6.1% to 12,870 units in December 2024 over December 2023. HMIL stated that it has recorded highest ever yearly domestic sales of 6,05,433 units in CY 2024, up 0.6% YoY. HMIL achieved total sales of 7,64,119 units in CY 2024, down 0.2% YoY. Tarun Garg, Whole-time Director and Chief Operating Officer, Hyundai Motor India Limited said, 'HMIL has managed to sustain sales momentum in 2024, despite strong headwinds faced by the industry at large. Achieving highest ever domestic sales three years in a row, reflects customers' preference for brand Hyundai as their trusted smart mobility solutions provider. Introduction of the innovative Hy-CNG Duo technology in 2024 resonated well with buyers, translating to the highest ever CNG contribution of 13.1% to HMIL's domestic sales in CY 2024, against 10.4% in CY 2023. By achieving highest ever yearly domestic sales of 1,86,919 Lakh units, Hyundai CRETA continued to strengthen HMIL's position as an SUV leader, helping HMIL accomplish highest ever domestic SUV contribution of 67.6% in CY 2024. We are confident that the upcoming CRETA Electric, will further expand the appeal of this Undisputed, Ultimate SUV.' Hyundai Motor India is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales in CY23. Manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. Additionally, parts such as transmissions and engines are also manufactured. The car manufacturer's consolidated net profit decreased 15.54% to Rs 1,375.47 crore on 7.5% slide in revenue from operations to Rs 17,260.38 crore in Q2 FY25 over Q2 FY24. The scrip declined 0.30% to Rs 1,798.70 on the BSE.Powered by Capital Market - Live

Hyundai Motor India Limited (HMIL) will equip its domestic product line-up with AMARON's Made-in-India AGM (Absorbent Glass Mat) battery technology. It will be used as an SLI (Starting, Lighting and Ignition) battery and will be procured under HMIL's existing procurement agreement with Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the energy and mobility space. HMIL aims to equip its models with the indigenously manufactured AGM batteries in Q4 of FY 2024-2025, making it the first auto OEM in India to use localized AGM technology. The move is in-line with HMIL's dedicated efforts towards localization and introducing locally sourced innovative technologies for Indian customers. Commenting on the announcement, Gopalakrishnan Chathapuram Sivaramakrishnan, Whole-time Director and Chief Manufacturing Officer - HMIL said, 'At Hyundai Motor India Limited, adopting innovative technology to exceed the ever-evolving customer expectations has been our forte. HMIL is poised to become the first auto OEM in India to introduce indigenously manufactured AGM (Absorbent Glass Mat) battery technology in its products, made by Amara Raja Energy & Mobility Limited. Besides, working with an Indian company for this world-class technology is a true testament to HMIL's commitment towards localization, well aligned with the Government of India's 'Atmanirbhar Bharat' initiative.'Powered by Capital Market - Live

The key equity barometer traded with limited losses in the mid-afternoon trade. The Nifty traded below the 24,650 mark. Auto shares declined after rising in the past two consecutive trading sessions. At 14:27 IST, the barometer index, the S&P BSE Sensex, declined 234.67 points or 0.29% to 81,474.45. The Nifty 50 index lost 75.75 points or 0.31% to 24,607.80. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.16% and the S&P BSE Small-Cap index rallied 0.32%. The market breadth was positive. On the BSE, 2,209 shares rose and 1,823 shares fell. A total of 168 shares were unchanged. Buzzing Index: The Nifty Auto index fell 0.61% to 23,814.30. The index rose 0.25% in the past two consecutive trading sessions. Samvardhana Motherson International (down 2.34%), Tata Motors (down 1.77%), Bosch (down 1.24%), Ashok Leyland (down 1.11%), Eicher Motors (down 1.07%), TVS Motor Company (down 0.91%), Bharat Forge (down 0.72%), Mahindra & Mahindra (down 0.46%), Hero MotoCorp (down 0.3%) and Maruti Suzuki India (down 0.25%) declined. On the other hand, Balkrishna Industries (up 1.79%), Apollo Tyres (up 1.25%) and MRF (up 0.98%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 1.48% to 6.840 as compared with the previous close of 6.740. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.7175, compared with its close of 84.6600 during the previous trading session. MCX Gold futures for the 5 December 2024 settlement added 0.39% to Rs 76,919. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 106.05. The United States 10-year bond yield rose 0.34% to 4.163. In the commodities market, Brent crude for the November 2024 settlement lost 88 cents or 1.24% to $72 a barrel. Stocks in Spotlight: Hyundai Motor India (HMIL) declined 1.74%. The company informed that it aims to install nearly 600 public EV fast charging stations across the country in the next 7 years. Star Health and Allied Insurance Company dropped 4.23% after the company received show cause notice from the Insurance Regulatory and Development Authority of India (IRDAI) for alleged violations of various IRDAI regulations and guidelines. The notice follows an inspection IRDAI conducted for the period from January 31, 2022 to February 11, 2022 and the observations it made pertaining to the company's business and operational aspects. Welspun Corp added 1.79% after the company received two large orders each for the supply of HSAW and HFIW-coated pipes for natural gas pipeline projects in the US. Powered by Capital Market - Live