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Hyundai Motor India Ltd Share Price: Brokerage firm Motilal Oswal has maintained its ‘buy’ rating with a target price for Hyundai Motor India Ltd (HMIL). This comes a day after the company released its sales numbers for the month of February.
Hyundai Motor India Ltd has reported a 12.6 per cent year-on-year (YoY) jump in total sales to 66,134 units in February 2026. In an exchange filing, HMIL said, domestic sales surged 9.8 per cent to 52,407 units in February and exports grew 24.8 per cent to 13,727 units.
At 10:35 AM, shares of Hyundai Motor India Ltd were trading at Rs 2,126.70, down 1.71 per cent from its previous closing.
Motilal Oswal’s target price on Hyundai Motor India Ltd
The brokerage firm has set a target price of Rs 2,567 on Hyundai Motor India Ltd.
Key takeaways from Motilal Oswal’s coverage on HMIL
– Management indicated retail demand remains healthy across small cars and SUVs, with compact/micro-SUVs currently outperforming cars.
– New launch cycle underway with the new Venue; plans to roll out 26 models by 2030.
– Margins may stay under pressure near term due to start-up costs of the Pune plant; improving mix and localisation to aid long-term expansion.
– Expect Hyundai Motor India Ltd to deliver around 12 per cent earnings CAGR over FY25-28E.
HMIL’s Tarun Garg on Feb 2026 sales results
“We kicked off 2026 on a high note achieving our highest-ever monthly sales in January and the momentum continues in February. With a total sales (domestic plus exports) of 66,134 units, the highest for any February in our history, we posted a robust growth of 12.6% YoY. This includes domestic sales of 52,407 units, also the highest-ever February sales since inception,” said Tarun Garg, MD and CEO at HMIL.
“As we approach completing 30 years in our great country, our ambition is very clear – to make cutting‑edge connected technology accessible to all while elevating every ownership experience and carrying the spirit of Hyundai from India to the world,” he added.
Hyundai India’s $5 billion investment plan
In October last year, Reuters reported that Hyundai Motor will be investing USD 5 billion to expand its manufacturing and research operations in India.
The infusion will push Hyundai India's annual production by about a third to 1.1 million vehicles by 2030, introduce 26 cars including its first hybrid vehicle tailored for India, and launch its luxury car brand Genesis in the country, Hyundai Motor CEO Jose Munoz told reporters as cited by Reuters.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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