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What is the story about?
Shares of Hyundai Motor India Ltd. fell as much as 2% on Friday, January 2, after the automaker'sDecember sales numbers were below estimates.
Its total sales increased 6.6% compared to 58,702 units from 55,078 units last year, while the Street had estimated a 13% increase to 62,667 units.
Hyundai Motor's domestic business was a drag, witnessing a minor growth of just 0.5% at 42,416 units.
On the other hand, its exports business remained healthy, with sales increasing 26.5% to 16,286 units from last year.
On another note, the company on Thursday also announced that Tarun Garg assumed charge as the managing director and chief executive officer (CEO) of the firm from January 1, 2026, making him the first Indian national to lead the company since its establishment 29 years ago.
Garg succeeded Unsoo Kim, who is returning to a strategic role at Hyundai Motor Company in South Korea. The company's board had approved Garg's elevation in October as part of the firm's succession plan.
"My vision is to build on our strong foundation while accelerating HMIL's transformation towards sustainable growth, technological leadership, and unmatched customer delight," Garg said.
Shares of Hyundai Motor India are trading 1.9% lower on Friday at ₹2,270.7. The stock is down 21% from its post-listing high of ₹2,890. The stock had gained 27% in 2025.
Also Read: Stocks To Buy: Office space provider is a 'consensus buy' among analysts who track it
Its total sales increased 6.6% compared to 58,702 units from 55,078 units last year, while the Street had estimated a 13% increase to 62,667 units.
Hyundai Motor's domestic business was a drag, witnessing a minor growth of just 0.5% at 42,416 units.
On the other hand, its exports business remained healthy, with sales increasing 26.5% to 16,286 units from last year.
On another note, the company on Thursday also announced that Tarun Garg assumed charge as the managing director and chief executive officer (CEO) of the firm from January 1, 2026, making him the first Indian national to lead the company since its establishment 29 years ago.
Garg succeeded Unsoo Kim, who is returning to a strategic role at Hyundai Motor Company in South Korea. The company's board had approved Garg's elevation in October as part of the firm's succession plan.
"My vision is to build on our strong foundation while accelerating HMIL's transformation towards sustainable growth, technological leadership, and unmatched customer delight," Garg said.
Shares of Hyundai Motor India are trading 1.9% lower on Friday at ₹2,270.7. The stock is down 21% from its post-listing high of ₹2,890. The stock had gained 27% in 2025.
Also Read: Stocks To Buy: Office space provider is a 'consensus buy' among analysts who track it
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