Street View: New launches key to Hyundai India's push past rivals

Hyundai Motor India

03/02/2026 06:35

** Hyundai Motor India HYUN.NS misses quarterly profit estimates, hurt by higher raw material costs nL4N3YY0RX

** Shares flat at 2,198.6 rupees

NEAR-TERM WEAKNESS FROM COMPETITION

** Jefferies ("underperform", PT cut to 1,900 rupees) says weak results and increased competition from Maruti Suzuki India MRTI.NS and Tata Motors Passenger Vehicles TAMO.NS to HYUN's top-selling Creta SUV cloud margin outlook; adds valuation expensive with market share at 25-year low

** Nomura ("buy," PT cut to 2,698 rupees) says under first Indian CEO, Tarun Garg, HYUN will focus on being more agile to meet 2030 domestic market share target of 15%

** Slate of new model launches from October 2026 to help improve growth trajectory "sharply" - Nomura

** Motilal Oswal ("buy", PT cut to 2,567 rupees) says while ramp-up of new Pune facility to hurt margins in near term, SUV-heavy lineup makes co well-positioned to benefit from premiumisation trend

** UBS ("buy", cuts PT to 2,690 rupees) says despite elevated costs, HYUN's broader outlook remains constructive on a strong launch pipeline and healthy exports momentum

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))