Street View: New launches to drive Hyundai India growth amid competition

Hyundai Motor India

11/05/2026 08:30

** Hyundai Motor India HYUN.NS on Friday posted a smaller-than-expected drop in quarterly profit, aided by strong domestic and overseas demand for high-margin sports utility vehicles

** Shares up 3.03% to 1,1910 rupees on Monday

NEW LAUNCHES AID OUTLOOK, COMPETITION RISKS PERSIST

** JP Morgan ("overweight"; TP: 2,135 rupees) sees HYUN's FY27 launch pipeline, volume growth guidance and capacity expansion plans supporting long-term growth

** HSBC ("buy"; TP: 2,400 rupees) says HYUN's average selling price fell sequentially due to an adverse product mix, while gross margin contracted on commodity cost inflation

** Adds, successful new launches will be key to future growth and market share recovery

** UBS ("buy"; TP: 2,380 rupees) says concerns over launch pipeline and CAFE norms compliance have eased after HYUN announced two FY27 launches, including an EV

** Raises FY27 volume estimates while also increasing commodity cost assumptions

** Jefferies ("underperform", TP: 1,600 rupees) says margins remain under pressure amid market share losses, rising SUV competition

** Says valuation is expensive given modest earnings growth outlook and lagging EV position

** YTD stock down 19.37%

($1 = 95.1925 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))