KIA is partly owned by Hyundai Korea & not by Hyundai India, hence its a competitor here.
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At the end of the day, game is played by Hyundai korea. They would decide who will play dominant role in a particular segment in india.
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HMIL registers total monthly sales of 70,078 units in October 2024, 3rd highest monthly sales since inception
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HMIL registers Domestic sales of 55,568 units in October 2024, 3rd highest since inception
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Highest-ever monthly SUV sales** at 37,902 units, including highest ever monthly domestic sales of the Hyundai CRETA at 17,497 units in October 2024
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Overall SUV contribution to domestic sales continues to stay strong at 68.2% in October 2024
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HMIL also bolsters CNG penetration, achieves highest ever monthly CNG sales of 8,261 units with a contribution of 14.9% to Domestic sales volume in October 2024
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This is not how well-run organization will think. It has taken years to build trust in Hyundai. Additionally, Hyundai has far more reach. They will not sacrifice the golden goose for such a small gain.
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Hyundai Motor India, reported a 16% drop in its consolidated net profit for the quarter ended September 2024 to Rs 1,375 crore. The same stood at Rs 1,628 crore a year ago.
Revenue from operations in the reporting period, too, fell 7% year-on-year (YoY) to Rs 17,260 crore.
The company reported an EBITDA of Rs 2,205 crore in the second quarter, down 10% from Rs 2,440 crore posted in the corresponding quarter of the previous year.
Margins for the quarter too declined 30 basis points (bps) YoY to 12.8% in the reporting period.
Hyundai Motor India Limited (HMIL) recorded its highest ever yearly domestic sales of 6,05,433 units in CY 2024. HMIL achieved total sales of 7,64,119 units (Domestic + Export) in CY 2024.
In December 2024, HMIL reported total monthly sales of 55,078 units
(Domestic: 42,208 units and Export: 12,870 units)
HMIL registers domestic sales of 6,05,433 units in CY 2024, highest since
inception.
Achieves highest ever yearly domestic SUV contribution of 67.6%
Hyundai CRETA achieves highest ever yearly domestic sales of 1,86,919 Units
HMIL also achieves highest ever yearly CNG contribution of 13.1% to domestic
sales, in CY 2024
Total monthly sales of 55,078 units in December 2024, including domestic sales
of 42,208 units and export sales of 12,870 units
HMIL also exported 1,58,686 units in CY 2024, fortifying its position as an export
hub for Hyundai globally
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InGovern Research | Sourcing Components Of More Than ₹12,000 Cr From Mobis India Is A Concern
- Sourcing components worth more than ₹12,000 cr from Mobis India is a concern
- Company’s proposal to purchase goods and services from related companies has divided leading proxy advisory firms
- Hyundai must reach out to shareholders, proxy advisory firms, and address their concerns.
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Hyundai Motor India Limited Announces Price Reduction of upto INR 2.4 lacs Passes on Full Benefit of GST Rate Cut to Customers
Price Reduction in Prices (up to INR).
Did any do the analysis of the corporate structure of the Parent company and having majority stake in Hyundai Motors India how much they will effect the decision making? Also, ultimatelty everything is owned and controlled by Chung family, so how it will create value to the minority shareholders?