Operating performance was relatively steady, with EBITDA declining 6.6% to ₹2,185.2 crore, yet ahead of the ₹1,989 crore estimate.
The EBITDA margin for the quarter came in at 13.3%, marginally lower than 13.5% in Q1 FY25, but better than the estimated 12%.Despite lower volumes, the company delivered an operationally healthy performance, aided by better realisations and a higher SUV mix.
“Near-term market sentiment continues to be muted, but we expect a recovery in demand with a good monsoon and festive season,” said Unsoo Kim, MD, Hyundai Motor India.
He added, “We are pleased to announce that HMI will be hosting an investor day on October 15 to unveil our near-term plans.” The company also aims to launch 26 products by FY30.
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Highlighting Hyundai’s rural reach, Kim said, “We have managed our highest-ever rural penetration of 23% in this quarter.”
Hyundai’s average selling price (ASP) improved 1% year-on-year, driven by a richer product mix, particularly the higher contribution of SUVs. However, total volumes declined 6% both YoY and sequentially.While the proportion of domestic SUV sales decreased by 540 basis points on a quarterly basis, the export share increased by 680 basis points, supporting overall performance.
Tarun Garg, Whole-Time Director & COO, acknowledged the external challenges, saying, “Q1 FY26 was a tough quarter impacted by the Indo-Pak conflict, Iran-Israel war and overall geopolitical tensions.” Despite that, he highlighted steady traction for the Creta EV, which is clocking 600–700 units monthly. “It is helping cement Creta’s dominance in the SUV market,” Garg added.
The company has also fixed August 5, 2025 as the record date for its final dividend of ₹21 per equity share, declared at the board meeting held on May 16, 2025, subject to shareholder approval in the forthcoming AGM.
Following the results announcement, shares of Hyundai Motor India settled 0.8% lower at ₹2,083.10 apiece on the NSE.
