HYUNDAI is strengthening its presence in India with a strategic focus on SUV dominance, EV expansion, and manufacturing growth. Alongside its SUV success, HYUNDAI is accelerating its transition to electric mobility, with multiple EV models in development and significant investments in charging infrastructure and localization of key components to enhance cost efficiency. The upcoming Pune plant will further bolster production capacity, supporting both domestic demand and exports while positioning India as a key global manufacturing hub. Despite geopolitical challenges, HYUNDAI has successfully diversified its exports by expanding into emerging markets across Africa, Latin America, and South Asia, while also evaluating the potential for EV exports. Thus, we initiate buy from current price levels.<\/p>\n
Initiate buy with a price target of INR 2,163<\/strong><\/p>\n HYUNDAI remains optimistic about market growth, driven by favorable economic conditions, improving rural demand, and a strong pipeline of new products across both internal combustion and electric vehicle segments. With a focus on innovation, localization, and premiumization, HYUNDAI is well-positioned to sustain its leadership in India’s rapidly evolving automotive landscape. Thus, we value company 24 times of its estimated earnings for FY27 and rate it buy at current levels.<\/p>\n