Advertisment

Hyundai Motor Q3 Results: Profit Declines to ₹1161 Crore, Revenue Falls to ₹16,648 Crore, Will EV Focus Drives Future Growth?

Hyundai Motor's Q3 results show a decline in profit to ₹1,161 crore and revenue to ₹16,648 crore. However, a strong focus on electric vehicles positions the company for future growth

author-image
Harsh
New Update
Hyundai Motor Q3 Results

New Delhi: Hyundai Motor unveils the Creta Electric at the Bharat Mobility Global Expo 2025 in New Delhi on Friday, January 17, 2025. Photograph: (IANS/Wasim Sarvar)

Hyundai Motor Q3 Results: Hyundai Motor India has reported a decline in Q3 net profit, posting ₹1,161 crore for the October-December quarter of FY25. This marks a 19% decrease compared to ₹1,425 crore in the same quarter of FY24. The company also saw a slight dip in revenue, which fell by 1.3% to ₹16,648 crore from ₹16,875 crore in the previous year. The decrease in margins is attributed to subdued demand and geopolitical factors affecting the global market. Despite this, the company remains confident about its future growth prospects.

Advertisment

Hyundai Motor Q3 Sales Performance

During the third quarter, Hyundai Motor India sold a total of 186,408 passenger vehicles, with 146,022 units sold in the domestic market. The SUV segment showed strong growth, contributing significantly to the sales figures. The company continues to perform well in India, even with the challenges faced in the broader market.

Outlook for Hyundai Motor India’s EV Plans

Hyundai Motor India (HMI) is optimistic about the future, with a strong focus on electrification and EV growth in India. The company plans to introduce the CRETA Electric, a key model expected to drive success in the Indian electric vehicle (EV) market. Additionally, HMI aims to build a robust EV ecosystem with local production, charging infrastructure, and future EV models. With plans to release three more EVs in the near future, the company is setting itself up as a significant player in India’s EV market.

Expansion and Diversification Plans

Hyundai is also focused on expanding its production capacity at the Pune plant and diversifying its product portfolio. The company is exploring eco-friendly powertrains and is leveraging global powertrain technologies such as hybrids, hydrogen, and flex fuels. This will enable Hyundai to adapt to changing consumer demands and regulatory requirements.

Despite challenges, Hyundai Motor India remains confident about its strong business fundamentals and is well-positioned for continued growth in the coming years.

Hyundai Motor Quarterly Results
Advertisment
Advertisment Advertisment