Automobile
Auto - 4 Wheelers
from 2,226 today
HMIL is entering a comeback phase, entering a multi-year favorable product cycle with Rs450bn investments reflecting India's growing strategic importance for HMC. We retain BUY and raise TP by ~6% to Rs2,600.
Hyundai Motor India reported Q1FY27 EBITDA margin of 9.3%, in line with JMFe, while management retained FY27 domestic volume growth and EBITDA margin guidance supported by upcoming new launches.
Hyundai Motor India reported a decent performance in a challenging quarter and maintained its guidance for volume growth and margin, supported by new product launches and robust export outlook. Maintain BUY with a target price of INR 2,450.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
