Hyundai Motor India a subsidiary of South Korean motor company Hyundai, tumbled down more than 1 per cent on the NSE (National Stock Market) after November auto sales of the company revealed a 2.4 decline compared to the corresponding month in the previous fiscal year.
The shares of Hyundai Motor went to the day low of Rs 1,515.00 per share on the NSE (National Stock Exchange) after hitting the opening bell at Rs 1,532.00 with a decline of 0.07 per cent at the opening bell level.
Hyundai shares were trading around Rs 1,895.75 per share on the NSE (National Stock Exchange), with a decline of 1.09 per cent amounting to Rs 20.80 pe share on the Indian bourse.
Auto sales november 2024
The verna manufacturer previously sold 49,451 units in the domestic market, but the numbers have decreased by 2.4 per cent from the same month last year. Additionally, sales plummeted to 13,006 units last month (from 16,350 units in November 2023), resulting in a notable 20.5 per cent decline in exports.
Regarding year-to-date (YTD) sales, the company reported that it had sold 7,09,041 units overall (domestic + export) from January to November 2024. Exports decreased by -2.8 per cent, while domestic sales increased by 0.7 per cent year-to-date.
Hyundai Motor India Q2 FY25
For the September quarter, the South Korean carmaker’s India division reported a 16 per cent decline in its total net profit, coming in at Rs 1,375 crore. During the same time last year, it reported a net profit of Rs 1,628 crore.
In addition, revenue for the quarter decreased by 8 per cent to Rs 17,260 crore from Rs 18,660 crore the previous year.
EBITDA (earnings before interest, tax, depreciation, and amortisation) for Hyundai Motor India dropped 10 per cent to Rs 2,205, and the margin shrank 30 basis points year over year to 12.8 per cent from 13.1 per cent in the previous quarter.
