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

The auto manufacturer will have a network of 50 fast public charging stations by the end of December 2024. 'This initiative underscores HMIL's commitment to fostering sustainable mobility and is poised to play a pivotal role in India's transition to cleaner energy,' stated Hyundai in an exchange filing. To date, the company's charging network has facilitated approximately 50,000 charging sessions, dispensing over 7.30 lakh units of energy to more than 10,000 Hyundai and non-Hyundai EV customers. HMIL has also signed an MoU with the Tamil Nadu government to set up 100 EV charging stations across the state by 2027, promoting and accelerating the early adoption of green mobility in the state. Out of these, 10 stations will be operational within the calendar year 2024. All EV customers in Tamil Nadu can access these 24x7 charging stations conveniently through myHyundai app. Currently, three charging stations are fully operational at Spencer Plaza and BSR Mall in Chennai, and Hotel Seasons in Tiruvannamalai. The remaining 7 charging stations will be fully operational shortly. Jae Wan Ryu, function head - corporate planning, HMIL, said, 'The EV market is expected to grow robustly by 2030. Studies conducted by HMIL have highlighted that customers are apprehensive about driving their EVs for long-distance commutes on highways due to a lack of charging infrastructure. Keeping this in mind, HMIL has taken the initiative of installing fast EV chargers on key highways, in addition to major cities. With access to HMC's global EV and battery technology, HMIL is well-positioned to build a comprehensive EV ecosystem in India. We are actively investing in infrastructure to support the expected growth in demand for electric vehicles. 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 slipped 1.62% to currently trade at Rs 1,830.75 on the BSE. Powered by Capital Market - Live

Hyundai Motor India (HMIL) aims to set up nearly 600 public EV fast charging stations across the country in the next 7 years. The company will have a network of 50 fast public charging stations by the end of December 2024. This ambitious initiative underscores HMIL's commitment to fostering sustainable mobility and is poised to play a pivotal role in India's transition to cleaner energy. Commenting on the announcement, Jae Wan Ryu, Function Head - Corporate Planning, HMIL said, 'The EV market is expected to grow robustly by 2030. Studies conducted by HMIL have highlighted that customers are apprehensive about driving their EVs for long-distance commutes on highways due to a lack of charging infrastructure. Keeping this in mind, HMIL has taken the initiative of installing fast EV chargers on key highways, in addition to major cities. With access to HMC's global EV and battery technology, HMIL is well-positioned to build a comprehensive EV ecosystem in India. We are actively investing in infrastructure to support the expected growth in demand for electric vehicles. To date, HMIL's charging network has facilitated approximately 50,000 charging sessions, dispensing over 7.30 lakh units of energy to more than 10,000 Hyundai and non-Hyundai EV customers. HMIL has also signed an MoU with the Tamil Nadu government to set up 100 EV charging stations across the state by 2027, promoting and accelerating the early adoption of green mobility in the state. Out of these, 10 stations will be operational within the Calendar Year 2024. All EV customers in Tamil Nadu can access these 24x7 charging stations conveniently through myHyundai app. Currently, three charging stations are fully operational at Spencer Plaza and BSR Mall in Chennai, and Hotel Seasons in Tiruvannamalai. The remaining 7 charging stations will be fully operational shortly.Powered by Capital Market - Live

The auto maker stated that the price increase has been necessitated owing to an increase in input costs, adverse exchange rate and increase in logistics costs. Tarun Garg, whole-time director and chief operating officer, said, 'At Hyundai Motor India, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in input cost, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment. This price increase will be done across models and the extent of increase will be up to Rs 25,000. The price increase will be effective from January 1, 2025 on all MY25 models.' 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 added 0.39% to currently trade at Rs 1,879.90 on the BSE. Powered by Capital Market - Live

While domestic sales fell 2.4% to 48,246 units, total exports tumbled 20.5% to 13,006 units in November 2024 over November 2023. Overall SUV contribution to domestic sales continues to stay strong at 68.8% in November 2024. CNG contribution was 14.4% in November 2024, backed by innovative Hy-CNG Duo technology. Tarun Garg, whole-time director and chief operating officer, HMIL said, 'HMIL's push towards fortifying SUV supremacy continued in November with SUVs contributing 68.8% of our total Domestic sales. We also bolstered HMIL's presence in the hinterland of India, by achieving highest ever monthly rural contribution of 22.1% in November. Our innovative Hy-CNG technology continues to strengthen HMIL's CNG sales, with a 14.4% contribution in November 2024.' 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.Powered by Capital Market - Live

HMIL signed a power purchase and shareholder agreement with Fourth Partner Energy (FPEL). This strategic partnership aims to enhance HMIL's renewable energy portfolio and transition to 100% renewable electricity across its manufacturing operations by 2025. As of June 2024, the auto major fulfils 63% of its energy requirements using renewable sources and aims to reach the 100% mark ahead of most automakers in the country. RE100 is a global corporate renewable energy initiative by the Climate Group, bringing together hundreds of large and ambitious businesses committed to 100% renewable electricity. As part of this partnership, HMIL will invest Rs 38 crore towards setting up these renewable energy plants in Tamil Nadu. These facilities will operate in a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations, and maintenance. HMIL will hold 26% and FPEL will hold 74% equity stake in the project. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL. Gopalakrishnan Chathapuram Sivaramakrishnan, whole-time director & chief manufacturing officer, HMIL, said, 'Our collaboration with FPEL will help us achieve the RE100 benchmark by 2025. By harnessing the potential of wind and solar power, we are not only reducing our carbon footprint but also living true to our global vision of 'Progress for Humanity'. We believe this strategic collaboration will inspire other industries to embrace renewable energy and contribute to a sustainable future.' Vivek Subramanian, co-founder & executive director at Fourth Partner Energy, said, 'Through this agreement, we will be supplying HMIL with over 25 crore units of clean energy every year, which will help the company mitigate CO2 emissions by 2 lakh tons annually. Together, we are setting a precedent for responsible energy consumption and contributing meaningfully to India's renewable energy goals.' 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. Shares of Hyundai Motor India debuted on the bourses on 22 October 2024. The scrip was listed at Rs 1,931, representing a 1.48% discount to the issue price of Rs 1,960. The scrip rose 0.38% to Rs 1,832.95 on the BSE.Powered by Capital Market - Live

Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail (ABFRL), Adani Enterprises, GNFC, Granules India, Hindustan Copper, IGL, National Aluminium Company (NALCO). Stocks to watch: Tata Power Company signed memorandum of understanding (MoU) with Asian Development Bank for $4.25 billion to finance key clean energy power projects. Afcons Infrastructure received letter of acceptance (LoA) from Uttarakhand Project Development and Construction Corporation for civil works worth Rs 1,274 crore. Hyundai Motor India to set up two renewable energy plants in Tamil Nadu and has signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy. It currently fulfils 63% of its energy requirements using renewable sources (as on June 2024), and aims to reach the 100% mark ahead of most automakers in the country. SJVN has signed an Memorandum of Understanding (MoU) with Rajasthan Energy Development to spearhead the development of renewable energy in the state. Under the MoU, SJVN would develop 5 GW Pumped Storage Projects and 2 GW Floating Solar Projects in the state. Nippon lIfe Indian Asset management has executed a definitive agreement with One Place Commercials for the purchase of commercial office space in Lower Parel, Mumbai for Rs 486 crore. Raymond has received a 'No observation letter' from the NSE & BSE for the scheme of arrangement between the company and Raymond Realty.Powered by Capital Market - Live

Net profit of Hyundai Motor India declined 15.54% to Rs 1375.47 crore in the quarter ended September 2024 as against Rs 1628.46 crore during the previous quarter ended September 2023. Sales declined 7.50% to Rs 17260.38 crore in the quarter ended September 2024 as against Rs 18659.69 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales17260.3818659.69 -7 OPM %12.7813.08 - PBDT2368.392788.63 -15 PBT1849.852232.04 -17 NP1375.471628.46 -16 Powered by Capital Market - Live

The profit before tax (PBT) for Q2 of FY25 stood at Rs 1,849.85 crore, registering de-growth of 17.12% on YoY basis. The decline in PBT and net profit were mainly due to weak market sentiments and geo-political factors. EBITDA margin decreased to 12.78% in September 2024 quarter from 13.08% YoY posted in September 2023. The company sold a total of 1,91,939 units of passenger vehicles during this quarter. This includes 1,49,639 units in the domestic market with a strong contribution from SUV segment. The export volume stood at 42,300 units. On half-yearly basis, the car manufacturer's net profit declined 3.13% to Rs 2,865.12 crore on 1.92% slide in revenue from operations to Rs 34,604.62 crore in H1 FY25 over H1 FY24. In the mid to long term, the company expects a sustained demand momentum in the industry and will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins. Mr. Unsoo Kim, managing director said, 'Despite the sluggish market conditions, we have successfully maintained profitability in H1 FY25, largely due to our proactive and continuous cost control measures. Further, we will be launching the CRETA EV for mass market in the coming months and we expect it will be a game changer in the EV market.' 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. Shares of Hyundai Motor India debuted on the bourses on 22 October 2024. The scrip was listed at Rs 1,931, representing a 1.48% discount to the issue price of Rs 1,960.Powered by Capital Market - Live