Hyundai Motor India anticipates a recovery in its export sector after a challenging first quarter marked by supply chain disruptions and geopolitical tensions, with recent record July sales hinting at a promising resurgence.
Hyundai Motor India expects its export business to rebound from the second quarter after a difficult start to the fiscal year, with management citing supply chain disruption and geopolitical strain as the main drags on performance. The company said exports fell 19.6% in the first quarter to 38,708 units, while a fire at a supplier’s plant in June caused an estimated production loss of about 13,900 vehicles. Despite that setback, operations returned to normal by June 22 after the company shifted sourcing to alternative locations.
The operational hit was reflected in the latest financial results. Hyundai Motor India reported a 35.1% fall in net profit for the quarter ended June 2026, to ₹888.6 crore, even as revenue came in at ₹16,335 crore. Earnings before interest, tax, depreciation and amortisation margin narrowed to 9.3% from 13.3% a year earlier, underscoring pressure from weaker volumes, higher input costs and the temporary production disruption.
There are also signs of recovery. Hyundai said July sales reached a record 75,360 units, helped by a 23.3% rise in domestic sales and a 31.4% increase in exports from a year earlier. That followed a strong run in the preceding months: the company reported April domestic sales of 51,902 units, its best April on record, while May domestic sales rose 9.1% year on year to 47,837 units and total sales for the month climbed to 61,137 units. In June, the company posted 51,335 units in total sales, including 11,700 exports.
Hyundai is leaning on new models to protect growth and defend its market position in a more competitive Indian passenger vehicle market, where it has slipped to fourth place. The company has reaffirmed its full-year volume growth target of 8% to 10% and wants EBITDA margins back in the 11% to 14% range. Its pipeline includes updated versions of the Venue, Verna and Exter, including left-hand-drive variants for overseas markets, alongside a broader capital spending plan of ₹45,000 crore through 2030 and 26 model launches. Investors will also be watching the company’s annual meeting on August 26, where a final dividend of ₹21 a share is expected to draw attention.
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