Hyundai Motor India Ltd (HMIL) reported a 7.5% year-over-year drop in revenue for Q2 FY25, amounting to ₹17,260.38 crore. Net profit also fell to ₹1,375.47 crore from ₹1,628.46 crore in the same quarter last year, attributed to subdued market sentiments and global geopolitical issues impacting the automotive sector.
During the quarter, Hyundai Motor India Ltd (HMIL) recorded sales of 191,939 vehicles, with 149,639 units sold domestically and 42,300 units exported. For H1 FY25, the company reported consolidated revenue of ₹34,604.62 crore, reflecting a slight decline of 1.92% compared to ₹35,283.20 crore in the same period last year. Despite this marginal drop, HMIL improved its EBITDA margin to 13.14% from 12.58% year-on-year, demonstrating effective cost management.
Net profit for the first half stood at ₹2,865.12 crore, down from ₹2,957.65 crore in the previous year, while maintaining a solid profit margin of 8.2%. Profit before tax (PBT) reached ₹3,853.23 crore, showcasing strong operational performance amidst market challenges. Vehicle sales during H1 FY25 totaled 383,994 units, including 299,094 units in the domestic market. The SUV segment continued to drive growth domestically, offsetting slower performance in other areas, while export volumes contributed 84,900 units, underlining the company’s global reach.
Looking ahead, Managing Director Unsoo Kim expressed confidence in the company’s strategy despite ongoing challenges, crediting sustained profitability to robust cost controls. He also announced the upcoming launch of the CRETA EV, a pivotal step in Hyundai’s mass-market electric vehicle strategy. This aligns with Hyundai’s long-term focus on quality growth, balancing volume, market share, and margins, while capitalizing on consumer trends and the shift toward electrification. The announcement of the CRETA EV has generated significant industry attention, as it signals Hyundai’s commitment to leading India’s transition to electric vehicles, particularly in the mid-size SUV category.
Hyundai Motor India Limited (HMIL) is a prominent subsidiary of the South Korean automotive giant Hyundai Motor Company, established in 1996. As a major player in India’s automotive sector, Hyundai Motor India has consistently contributed to the growth of the Indian automobile market with innovative technology and a diverse product range, including hatchbacks, sedans, and SUVs.
HMIL’s manufacturing facility, located in Sriperumbudur, Tamil Nadu, is known for its high production capacity and advanced technology, supporting both domestic demand and exports to over 90 countries. Hyundai Motor India is also committed to sustainable mobility and has introduced electric vehicles in India, aligning with global trends in EV adoption and contributing to environmental conservation. The company emphasizes quality, customer satisfaction, and after-sales service, making it one of India’s most trusted automobile brands.
