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In the corresponding quarter of the previous fiscal, Hyundai Motor India posted a consolidated net profit of ₹1,425 crore, the company said in a regulatory filing. The company’s consolidated revenue from operations declined to ₹16,648 crore as against ₹16,875 crore in the corresponding period of the preceding fiscal.
Hyundai Motor sold 186,408 passenger vehicles in Q3 FY2024-25, including 146,022 units in the domestic market, driven by strong SUV sales. The company achieved its highest-ever CNG penetration during the quarter, reaching 15%, up from 12% in Q3 of the previous year. Rural penetration also grew to 21.2%, compared to 19.7% in the same period last year. Export volumes for the quarter stood at 40,386 units.
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Hyundai Motor sold 570,402 passenger vehicles during the nine months from April to December 2024, including 445,116 units in the domestic market, driven by strong SUV segment sales, and 125,286 units in exports.
Outlook
Hyundai Motor India remains confident in its growth trajectory and is committed to delivering long-term value for its stakeholders. The company has a positive outlook on the increasing EV penetration in India and is advancing toward electrification with a comprehensive approach.
The company believes that the newly launched CRETA Electric will be a game-changer in the EV landscape, driving significant success and building strong momentum. To support this transition, the company is also working on developing a robust EV ecosystem in India, focusing on localization, charging infrastructure, and other key areas. With plans to introduce three more EVs in the near future, Hyundai Motor India aims to contribute significantly to India’s EV growth story.
In line with its aggressive capacity expansion plans at the Pune plant, the company is also focusing on diversifying its product portfolio. Additionally, Hyundai Motor India plans to explore opportunities in alternative eco-friendly powertrains. With access to Hyundai Motor Corporation’s global powertrain technologies, including hybrids, hydrogen, and flex-fuel systems, Hyundai Motor India believes it is well-positioned to adapt to evolving demand dynamics and regulatory requirements.
Also Read: Hyundai Motor India posts highest-ever yearly domestic sales for third straight year
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.”
Shares of Hyundai Motor India Ltd ended at ₹1,623.95, down by ₹19.60 or 1.19% on the BSE.
