Hyundai Q3FY25 Results: Net Profit Falls 19% to ₹1,161 Crore Due to Weak Demand

Hyundai Motor India Ltd (HMIL), the country’s second-largest carmaker, reported a 19% drop in net profit for Q3FY25, falling to ₹1,161 crore from ₹1,425 crore in the same period last year. The decline was mainly due to lower domestic demand and geopolitical challenges affecting exports. Revenue also saw a slight dip of 1% to ₹16,648 crore from ₹16,875 crore in Q3FY24.

Sales Performance and Market Trends

During the quarter, Hyundai sold 1,86,408 passenger vehicles, a 2% drop from 1,90,979 units in the previous year. Domestic sales stood at 1,46,022 units, with strong demand in the SUV segment. Meanwhile, exports declined by 8% to 40,386 units due to disruptions caused by the Red Sea crisis and geopolitical tensions in Latin America. However, the company expanded into new markets like Africa to offset the impact.

Growth in CNG and Rural Markets

Hyundai achieved its highest-ever CNG vehicle penetration, reaching 15%, up from 12% in Q3FY24. The company also saw an increase in rural market penetration, rising to 21.2% from 19.7% a year ago.

Future Plans and EV Expansion

Hyundai remains optimistic about future growth and expects demand to improve in the fourth quarter. The company is focusing on electric vehicles (EVs) and aims to capture a 20% market share in the EV segment in the coming years. The newly launched Creta Electric is expected to play a key role in this strategy. Hyundai is also developing an EV ecosystem, investing in localisation, charging infrastructure, and alternative technologies such as hydrogen, hybrids, and flexible fuel.

Despite ongoing global challenges, Hyundai remains confident in its strong fundamentals. The company believes Creta Electric will be a game-changer in India’s EV market and plans to launch 3 more EV models soon.

About Hyundai Motor India Limited

Hyundai Motor India Limited, established in May 1996, is a subsidiary of the Hyundai Motor Group, the world’s third-largest manufacturer of passenger vehicles by sales.

Hyundai Motor India share price is trading at ₹1,624.55, up by ₹0.15 (0.0092%) today. It has a market cap of ₹1.32 lakh crore, with a 52-week high of ₹1,970.00 and a low of ₹1,610.65.

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