Gurugram – Hyundai Motor India Limited (HMI), a leading player in the Indian automotive landscape, unveiled its consolidated financial results for Q3 and the nine months (9M) ending December 31, 2024. Despite headwinds, the company showcased resilience, bolstered by strong domestic sales and an expanding SUV and CNG portfolio.
9M FY25 Performance: Balancing Growth and Margins
- Revenue: INR 512,526.11 million, marginally down from INR 521,579.11 million in 9M FY24.
- EBITDA Margin: 12.53%, slightly lower than 12.67% YoY.
- Net Profit (PAT): INR 40,258.55 million, reflecting a 7.75% margin.
- Passenger Vehicle Sales: 570,402 units, with domestic sales leading at 445,116 units and exports contributing 125,286 units.
The SUV segment continued to be a growth engine, driving robust domestic performance. However, profitability was tempered by reduced interest income and a lower liquidity base.
Q3 FY25 Highlights: Focus on Market Penetration
- Revenue: INR 166,479.93 million, a slight dip from INR 168,747.09 million YoY.
- EBITDA Margin: 11.27%, compared to 12.88% in Q3 FY24.
- Net Profit (PAT): INR 11,607.34 million, reflecting global and geopolitical pressures.
In Q3, HMI achieved record-breaking CNG penetration at 15% and deepened its rural market presence to 21.2%, up from 19.7% YoY. The company sold 186,408 units of passenger vehicles, including 146,022 units in the domestic market and 40,386 units for export.
EV and Alternate Powertrain Outlook: Charting the Future
Looking ahead, HMI is setting its sights on India’s evolving EV landscape with the newly launched Creta Electric, poised as a “game-changer.” The company is building a robust EV ecosystem encompassing localization, infrastructure, and new product launches. By diversifying its powertrain technologies with hybrids, hydrogen, and flex-fuel options, Hyundai is gearing up to meet shifting regulatory and market demands.
Aligned with its expansion plans at the Pune facility, HMI aims to deliver long-term value to stakeholders while actively exploring eco-friendly and innovative solutions.
Leadership Insight
Commenting on the results, Unsoo Kim, Managing Director, stated:
“While global challenges persist, Hyundai Motor India’s strong fundamentals position us to seize emerging opportunities. With a focus on innovation and electrification, we are confident in driving sustainable growth and profitability in the years ahead.”
As Hyundai Motor India navigates macroeconomic and geopolitical challenges, its strategic investments in EVs and alternative powertrains underscore its commitment to a sustainable and dynamic future. The company’s continued emphasis on market diversification, electrification, and customer-centric innovations positions it as a key player in India’s automotive transformation.
