Hyundai Motor India rises after automaker announces price hike

Hyundai Motor India

20/08/2026 05:13

** Hyundai Motor India HYUN.NS shares rise as much as 1.3% to 2,202.8 rupees 
** Rise comes after co says it will raise vehicle prices by up to 1% across its portfolio, effective September 
** Hyundai says the price hike - its second this year - was driven by rising input and commodity costs and higher operational expenses
** Twenty-four of 29 brokerages rate the stock "buy" or higher; their median PT is 2,301 rupees
** Stock trades at forward 12-month PE of 28.62 vs industry median of 26.74 - LSEG data
** Co's return on equity stands at 29.9%, compared with 14.4% for peer Maruti Suzuki India MRTI.NS 
** YTD, stock down 4.3% vs 4.9% fall in Nifty 100 Index .NIFTY100  

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))