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.
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.