Hyundai Motor India Ltd (HMIL) is gearing up to launch two completely new nameplates as part of its strategy to strengthen its position in India’s fast-growing SUV market, while also outlining a ₹7,500 crore capital expenditure plan for FY27 to drive future growth.
Of the upcoming launches, one model will bolster Hyundai’s presence in the mid-SUV segment, while the second will mark the debut of the company’s localized dedicated electric vehicle in the compact SUV space.
The company said these launches are expected to play a key role in supporting its growth ambitions in both domestic and export markets.
FY27 growth targets set
For FY27, HMIL is targeting domestic volume growth of 8-10%, driven by product interventions, network expansion and sustained demand momentum.
The company is also aiming for export volume growth of 8-10%, backed by market diversification and product-led opportunities across emerging markets. HMIL said it expects EBITDA margins to remain within its guided range of 11-14%.
Q4 profit declines despite revenue growth
HMIL reported a consolidated profit after tax (PAT) of ₹1,255 crore for the March quarter of FY26, compared with ₹1,614 crore in the corresponding quarter last year, reflecting a decline of 22%. Consolidated revenue for the quarter rose 5.4% to ₹18,916 crore from ₹17,940 crore a year earlier.
For the full year FY26, the company posted consolidated revenue of ₹70,763 crore as against ₹69,192 crore in FY25, registering a growth of 2.3%. Annual PAT stood at ₹5,431 crore compared with ₹5,640 crore in the previous fiscal, down 3.7%.
HMIL Managing Director & Chief Executive Officer Tarun Garg said:“FY26 was a year where we demonstrated our ability to effectively navigate a challenging environment while capitalizing on emerging opportunities, supported by GST 2.0 reforms, strategic product interventions, strong export volumes and our continued focus on ‘Quality of Growth’.”
He added that the company has started FY27 on a strong note, with April domestic volumes growing 17% year-on-year.
“We expect this positive momentum to continue and backed by new product launches in high-demand segments and other strategic initiatives, we expect 8-10% volume growth in domestic market,” Garg said.
Pune plant expansion announced
Hyundai also announced further expansion of its Pune manufacturing facility by an additional 70,000 units after the completion of Phase-II expansion. The move will take the company’s total manufacturing capacity in India to 1.14 million units by 2030.
“For exports, we remain watchful of geopolitical uncertainties, however, we are confident of registering 8-10% volume growth, reinforcing our position as the hub for emerging markets,” Garg said.
“To support our future growth aspirations, I am also pleased to announce the expansion of our Pune facility by another 70,000 units post Phase-II expansion,” he added.
Rural and CNG growth drive momentum
The company highlighted several operational milestones achieved during FY26, including its highest-ever quarterly domestic sales in Q4, with wholesale volumes rising 8.7% year-on-year.
HMIL also recorded its highest-ever quarterly rural penetration at 25% in Q4 FY26, reflecting deeper reach into non-urban markets.
The contribution of CNG vehicles rose to a record 18% during the quarter, supported by increasing consumer adoption and the company’s entry into the commercial mobility segment.
The Aura clocked its highest-ever sales volumes during both Q4 FY26 and the full fiscal year, while products such as the Verna and Exter continued to strengthen Hyundai’s premium and new-age product portfolio.
Exports remain strong
Despite geopolitical uncertainties, Hyundai’s exports grew 9.4% year-on-year during Q4 FY26. For the full fiscal year, export volumes rose 16.4%, reinforcing India’s growing importance as Hyundai’s manufacturing and export hub for emerging markets.
₹21 per share dividend recommended
The company’s board of directors has recommended a dividend of ₹21 per share, representing 210% on the face value of ₹10 per share, subject to shareholder approval.