Hyndai Motor share zoomed in the opening hour of the trading session amid company announcment of hike in price of their flagship cars as well as popular mid segment cars.
In the opening hours of the trading day the stock went on to touch the day high level of Rs 1,898.90 per share on the NSE (National Stock Exchange), after hitting the opening bell at Rs 1,875.90 per share on Indian Bourses.
Hyundai Motor India shares were trading around Rs 1,878.75 per share on the indian bourses with surge of 0.35 per cent amounting to a Rs 6.55 per share on the bourses.
Price hike from Jan 2025
Leading automaker Hyundai Motor India Limited (HMIL) has declared price increases for all of its model lines that will take effect on January 1, 2025.
Unfavorable exchange rates and increased input, logistics, and transportation costs are blamed for the revisions. Price increases of up to Rs 25,000 are planned for Hyundai Motor India Limited’s Model Year 2025 (MY25) automobiles.
Hyundai Motor India Q2 FY25
Due mainly to geopolitical factors and poor market sentiment, Hyundai Motor India (HMIL) reported a 15.5 per cent decrease in profit after tax (PAT) for the second quarter (Q2) of 2024–25 (FY25). In Q2 FY25, operating revenue decreased 7.5 per cent year-over-year (Y-o-Y) to Rs 17,260 crore.
With an EBITDA margin of 12.8 per cent, the company reported earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,205 crore, a 9.6 per cent year-over-year decline.
Passenger vehicle sales in Q2 FY25
Sales of SUVs accounted for the majority of the company’s 191,939 passenger vehicle sales in Q2, which included 149,639 units sold domestically. The number of units exported was 42,300.
Advanced driver assistance systems are now installed in 14.4per cent of Hyundai cars sold in India, and automatics now account for 25.3per cent of sales. Hyundai’s total sales now consist of 68.6per cent sport utility vehicles (SUVs), up from 60per cent the previous year.
