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During the quarter under review, HMIL sold 153,550 units in the domestic market, a decline from 160,317 units in the January-March period of FY24
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REUTERS
Hyundai Motor India (HMIL) reported a 4 per cent year-on-year (y-o-y) decline in its consolidated net profit for the fourth quarter (Q4) ended March 31, amounting to ₹1,614.3 crore, compared to ₹1,677 crore in the same period last year.
The primary reason for this decline was lower domestic sales volumes. However, the company demonstrated resilience through increased exports and a strong performance in its SUV segment. Broader economic conditions and rising expenses also likely contributed to the profit decline.
Sales dip
During the quarter under review, HMIL sold 153,550 units in the domestic market, a decline from 160,317 units in the January-March period of FY24. Despite the drop in domestic sales, the company managed a marginal 1.5 per cent y-o-y increase in its revenue from operations, reaching ₹17,940 crore compared to ₹17,671 crore in Q4 FY24.
The company attributed the hit in sales volumes to various macroeconomic factors, including dampened consumer sentiment and heightened caution among urban buyers. Notably, in April, HMIL ceded its long-held second position in the domestic passenger vehicle market to homegrown automakers Mahindra & Mahindra and Tata Motors, slipping to the fourth spot in terms of market share behind market leader Maruti Suzuki India.
Product launches
Looking ahead, HMIL is planning an aggressive product offensive, aiming to launch 26 models (including refreshes) by FY30. This line-up will include 20 internal combustion engine vehicles and six electric vehicles, with hybrid offerings also planned within this period.
“We believe that this aggressive launch pipeline, coupled with our upcoming Pune plant capacity, will give us great impetus to continue our growth story in India,” Unsoo Kim, Managing Director, HMIL, said in an earnings call.
HMIL remains cautiously optimistic on the domestic demand outlook in the near term amid prevailing macro-turbulence and weakening customer sentiment, he said.
“While we expect our FY26 domestic growth to be broadly in line with Industry estimates at low-single digits, we are aiming for 7-8 per cent volume growth in exports by improved focus and by leveraging our strong brand equity and legacy in key emerging markets,” Kim added.
Talking about competition and retaining the number two position in the market, Tarun Garg, Chief Operating Officer, HMIL said, “We don’t want to lose market share. So we are increasing our activities, whether it is in the rural areas, the institutional sales areas or pre-owned car sales. I would say we have a strong plan.”
The company’s focus on exports, new trims, and product interventions to navigate the challenging market will continue in the coming months, he added.
For the full financial year (FY25), the company reported a decline of 7 per cent y-o-y in its consolidated net profit to ₹5,640 crore compared to ₹6,060 crore in FY24.
Consolidated revenue also declined by around 1 per cent in FY25 to ₹69,193 crore, as compared with ₹69,829 crore in FY24.
The company sold 5,98,666 units in FY25 as compared with 6,14,751 units in FY24 due to a high base last year and overall macro economic conditions, HMIL said.
Published on May 16, 2025
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