Hyundai Motor India (HMIL) on Friday reported a 3.7% year-on-year decline in its consolidated net profit for the January–March quarter at Rs1,614 crore. Despite the dip, the automaker surpassed Bloomberg’s consensus estimate of Rs 1,332 crore. Revenue from operations during the quarter rose marginally by 1.5% to Rs 17,940 crore, again beating estimates of Rs 17,351 crore.
As it faces declining domestic sales and rising competition, HMIL unveiled an aggressive pipeline of 26 new models — 20 internal combustion engine (ICE) vehicles and six electric vehicles (EVs) – to be launched by FY30, in a bid to revive momentum.
The company’s sales performance remained under pressure in both the fourth quarter and the full financial year. Domestic sales for the January–March quarter dropped 4.2% year-on-year to 153,550 units, compared to 160,317 units in the same quarter last year. For FY25, domestic sales declined 2.6% to 598,666 units, down from 614,721 units in FY24. Export volumes showed minimal change, with FY25 exports at 163,386 units versus 163,155 units in the previous year. In contrast, Q4 exports rose to 38,100 units from 33,400 units in the same period last year. The sales slowdown contributed to HMIL’s domestic market share slipping to 14%, its lowest since FY13.
Unsoo Kim, HMIL’s managing director, positioned the product strategy as central to Hyundai’s long-term recovery. “We will be launching 26 products, including a mix of new models, full model changes, and product enhancements, by FY30,” he said. The rollout will include hybrids for the first time, as part of a broader shift toward eco-friendly technologies. Production capacity will be bolstered by Hyundai’s upcoming plant in Talegaon, Pune, where operations are expected to begin by the third quarter of FY26.
The company plans to launch eight of these 26 vehicles within the next two years, according to Tarun Garg, chief operating officer. He said that Hyundai’s multi-powertrain strategy, covering petrol, diesel, CNG, hybrids, and EVs, would be key to navigating the changing preferences of consumers. SUVs remain the core of Hyundai’s portfolio, accounting for 69% of total sales in FY25, and will continue to be a focal point of new product development.
Hyundai has set aside a capex of Rs 7,000 crore for FY26, with around 40% dedicated to the new Pune plant and 25% toward product development. The company also aims to expand EV infrastructure and increase its share in the electric segment, targeting penetration higher than the projected industry average of 13–14% by 2030.
Even as macroeconomic headwinds weigh on consumer sentiment, HMIL remains cautiously optimistic. “While we expect FY26 domestic growth to align with industry’s low-single-digit forecasts, we’re aiming for 7–8% growth in exports,” Kim said. The board has recommended a final dividend of Rs 21 per share for FY25.
On Friday, Hyundai’s shares closed up 0.2% at Rs 1,839.70 on the NSE.