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Hyundai Motor India Ltd. reported its financial results for H1 FY 2024-25, showing a total revenue from operations of INR 3,46,046.18 million, slightly down by 1.92% year-on-year. The company sold 3,83,994 passenger vehicles in this period, with strong SUV demand driving domestic sales of 2,99,094 units. Profit Before Tax (PBT) for H1 was INR 38,532.29 million, a decrease from the prior year, while Net Profit (PAT) stood at INR 28,651.21 million, maintaining a PAT margin of 8.2%.
In Q2, revenue dipped to INR 1,72,603.84 million, a decline of 7.50% compared to the same quarter last year. Total units sold were 1,91,939, with 1,49,639 in the domestic market. PBT fell to INR 18,498.46 million and PAT to INR 13,754.69 million due to unfavorable market conditions and geopolitical factors.
Looking ahead, Hyundai anticipates sustained demand in the industry and focus on balancing growth with market share and margins. The upcoming launch of the CRETA EV is expected to be significant for its EV strategy, indicating a positive outlook amid challenging circumstances.