Hyundai Motor India Shares Rise 2% on Positive Chennai Plant Update

$HYUNDAI Motor India (HMI) shares climbed over 2% on Thursday, June 11, 2026, after the company provided a reassuring update on production disruptions caused by a fire at supplier Mobis India Limited's facility in Chennai. The stock was trading at ₹1,934.50, up ₹43.50 or about 2.30% on the NSE during midday trade. In an exchange filing, HMI stated that operations at its Pune plant and Chennai Plant 2 remain largely unaffected. The temporary disruption is mainly limited to Chennai Plant 1, which is expected to regain normal production pace by June 15 and fully normalize by June 22, 2026. The company is sourcing parts from alternate locations and expects to recover most lost production in the next quarter. It also confirmed no significant impact on June retail sales due to sufficient dealer inventory.