Hyundai Motor India shares fall despite 10% September sales growth

Hyundai Motor India Ltd. (HMIL) is trading in the red on Wednesday, October 1, despite the company announcing positive sales growth for the month of September 2025. Shares are down 2.34% at ₹2,523.90 apiece on NSE.

The company posted a 10% increase in sales with 70,347 units sold,

up from 64,201 sold in the same month last year. Exports saw a sharp rise from 13,100 units to 18,800 units sold.

"A true example of Make in India, exports in September soared by nearly 44% YoY to 18,800 units, marking our highest export volume in the past 33 months since December 2022," Tarun Garg, Wholetime Director and Chief Operating Officer of HMIL, said in a statement.

Domestic sales saw a slight increase of just 446 vehicles from 51,101 units sold in the corresponding period last year to 51,547 in September this year.

The company also reported its highest-ever domestic SUV sales penetration at 72.4% in September. The CRETA led with a record 18,861 units sold during the month, while the VENUE registered a 20-month high of 11,484 units.

Garg said the government's recent GST reforms have induced a "synergetic alignment" enabling both domestic and export markets to grow together.

"This synchronised growth of SUVs as well as exports sales underscores HMIL’s strategic importance as Hyundai Motor Company’s global manufacturing hub - a shining example of ‘Make in India, Made for the World," he added.

Hyundai Motor India posted a net profit of ₹1,369 crore for the first quarter of FY26

, down 8% from ₹1,489.6 crore a year ago. Revenue fell 5.4% year-on-year to ₹16,413 crore from ₹17,344 crore in the year-ago period, slightly below street expectations of ₹16,575 crore. Operating performance was relatively steady, with EBITDA declining 6.6% to ₹2,185.2 crore, yet ahead of the ₹1,989 crore estimate.

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