Hyundai Motor India Limited (HMIL) is a leading passenger vehicle manufacturer in India that designs, manufactures and sells cars and components across sedans, hatchbacks, SUVs and EVs, operating an extensive dealer and service network while exporting to emerging markets; it is a wholly owned subsidiary of Hyundai Motor Company with recently expanded manufacturing capacity including a new Pune (Talegaon) plant.

Q3 FY26 performance showed healthy top‑line momentum with total sales of 195,436 units (YoY +4.8%) supported by exports (+21.1% YoY) and the Venue launch; consolidated revenue rose 8% YoY to INR 179,735 million while EBITDA and PAT increased YoY, reflecting resilience despite commodity inflation and capacity stabilization costs that compressed sequential margins.

Product momentum is strong: the all‑new Venue recorded nearly 80,000 bookings and strong early production from the Pune plant, while CRETA achieved highest‑ever annual sales of over 200,000 units, underscoring Hyundai Motor India Limited’s SUV strength and the ability to capture premium and mid‑SUV demand at scale.

HMIL is actively scaling manufacturing and export reach — Talegaon (Pune) plant commencement and a disclosed Phase‑2 capacity expansion to 1.1 million units by CY2028 — but management expects ~100 basis‑point processing cost headwinds during the stabilization period even as localization (84%) and price actions aim to protect margins.

Management reiterated a disciplined ‘quality of growth’ approach and guided to close FY26 within an 11–14% EBITDA margin range, highlighting focus areas including exports as a growth engine, the commercial mobility (Prime Taxi) foray, a 26‑model roadmap including hybrids/EVs, and leveraging group finance capabilities to accelerate demand.