Hyundai Motor India

India’s automotive industry is witnessing a ripple effect from the recent cut in Goods and Services Tax (GST) rates, with leading carmakers Hyundai Motor India and Tata Motors announcing significant price reductions across multiple models. The move comes as part of the industry’s broader effort to pass on tax savings to consumers and stimulate demand in a market that has been recovering from supply chain disruptions and cost pressures.

Hyundai Motor India reported a net profit of Rs. 1,369 crore for the first quarter, reflecting an 8% year-on-year decline, driven primarily by higher input costs and narrowing operating margins. While revenue remained relatively stable due to robust demand in key vehicle segments, elevated raw material prices and increased expenditures related to new model rollouts weighed on overall profitability.

Hyundai Motor India Ltd (HMIL) reported an 8% decline in total vehicle sales for May, with overall volumes dropping to 58,701 units from 63,551 units a year earlier. The downturn was attributed primarily to an 11% decrease in domestic dispatches, impacted by a scheduled biannual maintenance shutdown at the company’s Chennai facility. Despite the decline in the home market, exports remained resilient, registering a modest increase.

Hyundai Motor India Ltd. has entered a strategic partnership with Indian Oil Corporation Ltd. to assess the feasibility of mass adoption of hydrogen fuel cell vehicles (FCEVs) in India. The collaboration, formalized through a Memorandum of Understanding (MoU), includes real-world testing of the Hyundai NEXO Hydrogen FCEV across Indian roads. Over a two-year trial, the companies will evaluate the vehicle's operational reliability, longevity, and cost-effectiveness, aiming to explore hydrogen as a sustainable fuel source.

Hyundai Motor India has revealed a significant tilt in consumer demand toward SUVs, which accounted for 68.5% of the automaker’s total sales in FY25. With strong traction for premium features such as sunroofs and Advanced Driver Assistance Systems (ADAS), the company aims to push SUV contributions beyond 70% in the coming fiscal year. Domestic sales reached 5,98,666 units, while exports stood at 1,63,386 units.