HYUNDAI MOTOR INDIA — THE NEXT LEG CAN COME FROM RECOVERY 🚗

A strong brand. A growing SUV franchise. And now, the production engine is back at full speed. Hyundai Motor India is entering its next phase with one thing becoming increasingly important: Execution. FY26 was already a record year, with revenue of ₹70,763 crore and PAT of ₹5,432 crore. The company sold 7.75 lakh vehicles, including 1.90 lakh exports. Then came the temporary setback. Q1 FY27 revenue slipped marginally to ₹16,335 crore, while PAT fell 35% to ₹889 crore and EBITDA margin dropped to 9.3%. Production disruptions and weaker exports hurt the quarter. But management expects recovery from Q2, maintaining its FY27 guidance of 8–10% volume growth and 11–14% EBITDA margin. And September is already showing the change. Hyundai recorded its highest-ever monthly total sales of 77,916 units in September 2026 — up 10.8% YoY. Domestic sales grew 10.9% to 57,166 units. Exports added another 20,750 vehicles, up 10.4%. Now look at where the demand is coming from. SUVs. Premiumisation. CNG. EVs. Rural India. Exports. The all-new Venue delivered its highest-ever quarterly domestic sales in Q1 FY27, while rural penetration reached an all-time high of 26%. CNG contribution is also rising, showing Hyundai's ability to serve multiple powertrain preferences rather than betting everything on one technology. And the product pipeline keeps expanding. Creta. Venue. Exter. Alcazar. Creta Electric. IONIQ 5. Now the company is preparing for the BAYON launch in India, with bookings already opening ahead of the festive season. Then comes the manufacturing advantage. The new Pune plant adds capacity, while Hyundai continues positioning India as an important global export hub. So the equation becomes: Production normalisation → Higher volumes → Better capacity utilisation → Margin recovery → New launches → Premiumisation