New SUV launches to drive India's Hyundai Motor success, says Morgan Stanley
03/09/2026 06:19
BUZZ-New SUV launches to drive India's Hyundai Motor success, says Morgan Stanley ** Analysts at Morgan Stanley believes Hyundai Motor India HYUN.NS will benefit from upcoming internal combustion engine SUV launches, which could spur re-rating of stock
** Brokerage has "overweight" rating and TP of 2,438 rupees
** Co's EBITDA margins, sales volumes, and market share are near the bottom and should start improving on the back of upcoming SUV launches, analysts say
** Adds, exports to become a growth driver, helped by India becoming global production hub for Venue SUV
** 23 out of 28 analysts rate the stock "buy" or higher, median PT at 2,327 rupees
** Shares up 0.6%; YTD, shares down 5.34%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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