Hyundai Motor India Gets 'Buy' Rating From Yes Securities After Q3 Results, Sees 28 Upside — Here's Why

Hyundai Motor is likely to become a thriving export hub for Hyundai Motor Copr. Further, it has consistently launched/revamped models with recently launched Creta EV at aggressive price points. .NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Hyundai Motor India Ltd.'s Q3 FY25 performance was impacted by ~2.3% YoY lower exports, weak gross margins and one-off in staff cost (~60bp), leading to a 160 bp YoY/150 bp QoQ Ebitda margin contraction to 11.3%. While the passenger vehicle industry’s demand remains moderate, we expect Hyundai Motor to post steady growth given its favorable SUV mix and strong export opportunities going forward. Although Hyundai Motor is aligned well with PV segment trends, its growth has been capacity-constrained as reflected in lower domestic volume CAGR of ~9% (vs ~16% for industry) over FY21-24. The GM plant acquisition will surely boost growth through vital capacity addition in phases. Besides leveraging the strong parentage of Hyundai Motor Corp, Hyundai Motor is fast evolving in line with a dynamically changing tech landscape, which will slash lead times for new product development, make India franchise definitively robust, and help strengthen exports (~21% volume share in FY24). .Click on the attachment to read the full report:.TVS Motor Q3 Results Review - Yes Securities Reiterates As Preferred Pick Among 2Ws, Revises Target Price.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Hyundai Motor India Gets 'Buy' Rating From Yes Securities After Q3 Results, Sees 28 Upside — Here's Why

Hyundai Motor India's impressive earnings should continue unabated, says the brokerage.

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