Hyundai Motor India has wrapped up FY26 with a confident smile, a healthy balance sheet, and enough growth plans to keep rival automakers nervously refreshing their spreadsheets. Celebrating 30 years in India, Hyundai Motor India Limited (HMIL) announced strong Q4 and full-year financial results, proving that the Korean carmaker’s India story is far from slowing down.
The company reported FY26 revenue of INR 707,633 million, marking a 2.3% growth, while Q4 revenue stood at INR 189,162 million, rising 5.4% year-on-year and 5.2% quarter-on-quarter. EBITDA for FY26 came in at a healthy 12.2%, showing Hyundai’s continued focus on what it calls “quality of growth” — which sounds far more sophisticated than simply selling a lot of Creta-sized dreams.
Hyundai’s FY26 journey was packed with milestones. The company officially commenced operations at its Pune plant, strengthening its manufacturing backbone for future expansion. The New Venue, the first model rolling out from the Pune facility, has already become a strong growth driver and even secured a prestigious 5-star Bharat NCAP safety rating. Safe to say, Hyundai wants buyers to feel protected while arguing over who gets to control the panoramic sunroof.
Q4 FY26 turned out to be particularly rewarding for the automaker. Hyundai achieved its highest-ever quarterly domestic sales, helped by GST 2.0 reforms and smart product interventions. Wholesale volumes rose 8.7% YoY, while rural penetration hit a record 25%, proving Hyundai badges are now equally comfortable outside malls and inside village wedding processions.
CNG demand also continued to surge, with Hyundai recording its highest-ever quarterly CNG contribution at 18%. This growth was aided by the brand’s entry into the commercial mobility space and rising customer preference for lower running costs. Meanwhile, the humble Aura quietly became one of Hyundai’s biggest success stories, registering its highest-ever quarterly and annual sales volumes. Somewhere, compact sedan loyalists are feeling vindicated.
The company’s export business also showed resilience despite geopolitical uncertainties. Hyundai’s exports grew 9.4% YoY in Q4 FY26, while full-year exports jumped 16.4%, further strengthening India’s role as a manufacturing hub for emerging markets.
To reward shareholders, the Board of Directors has recommended a dividend of INR 21 per share, translating to a generous 210% payout on the face value of INR 10 per share. Not bad for a company that started its India journey selling the Santro to families debating whether power steering was really necessary.
Looking ahead to FY27, Hyundai is preparing an aggressive product offensive. The company will launch two completely new nameplates in the SUV segment. One will target the highly competitive mid-size SUV market, while the other will introduce Hyundai’s localized dedicated EV in the compact SUV space — a sign that Hyundai wants a bigger slice of both the petrol and electric pies.
Hyundai expects domestic and export volumes to grow by 8-10% each in FY27. To support this expansion, the company has earmarked nearly INR 7,500 crore in capital expenditure and plans to maintain EBITDA margins between 11-14%.
Speaking about the company’s performance, Managing Director and CEO Tarun Garg said FY26 demonstrated Hyundai’s ability to navigate challenging market conditions while capitalizing on emerging opportunities through strong exports, strategic product actions, and operational flexibility. He also confirmed an additional 70,000-unit expansion at the Pune facility after Phase-II, taking Hyundai’s total India production capacity to 1.14 million units by 2030.
With SUVs multiplying faster than traffic signals in Indian cities and EV competition heating up, Hyundai appears ready for its next chapter. And if FY26 is any indication, the company is not planning to spend its 30s quietly.
