Hyundai Motor India reported solid Q2 FY26 results, driven by strong SUV sales and export performance. Total sales reached 190,921 units, a slight increase of 0.5% year-over-year. The company recorded its highest-ever rural penetration at 23.6%. SUVs now contribute over 70% of total sales, fueled by strong demand after the implementation of the Goods and Services Tax (GST) reforms.
Q2 FY26 Business Highlights
Hyundai Motor India experienced a positive Q2 FY26, marked by key achievements:
- The all-new Hyundai VENUE launched with advanced technology.
- 21 interventions were made to portfolio vitality in H1 FY26.
- Demand for SUVs remains high.
- Rural market penetration hit record levels.
Sales Performance
The company sustained overall volumes year-on-year. Dual-engine (Domestic and Exports) showed sequential growth:
- Total Sales: 190,921 units in Q2 FY26, a 0.5% YoY increase.
- Domestic Sales: 139,521 units, down 6.8% YoY.
- Exports: 51,400 units, a significant jump of 21.5% YoY.
Domestic Volume Mix
The shift in domestic volume mix continues:
- SUVs: Contribution increased to 71% in Q2 FY26.
- Hatchbacks: Represented 16% of the sales.
- Sedans: Accounted for 13% of sales.
Fuel Mix
- Petrol cars accounted for 61% of sales, Diesel 23%.
- CNG vehicles represented 15%.
- Electric Vehicles (EVs) recorded for 1.1%.
Financial Performance
Key financial highlights for Q2 FY26 include:
- Revenue: Increased to ₹174,608 Mn, up 1.2% YoY.
- EBITDA: Rose to ₹24,289 Mn, a 10.1% YoY increase.
- EBIT: Reached ₹19,114 Mn, up 13.3% YoY.
- PAT: Increased to ₹15,723 Mn, up 14.3% YoY.
Profit Before Tax (PBT) Movement Analysis
Favorable export and product mix, coupled with cost reduction efforts, improved margins:
- PBT: ₹21,260 Mn in Q2 FY26.
Source: BSE