Hyundai Motor India reported a 44.8% jump in net profit to Rs 1,908 crore for Q4 FY26, with revenue growing 18.2% to Rs 20,445 crore as the company's strategic shift toward higher-margin SUV products delivered tangible financial results. The standout driver was the Hyundai Creta — both the petrol, diesel and electric variants — which sold 50,200 units in Q4 alone, maintaining its position as India's best-selling mid-size SUV by some margin. EBITDA margin expanded to 14.2% from 12.8% in the year-ago quarter, driven by the richer product mix, increasing localisation levels and operational leverage from higher volumes at the Sriperumbudur manufacturing facility in Tamil Nadu.
The Alcazar seven-seater, relaunched with a comprehensively updated design and features in late 2025, has exceeded sales projections with 8,400 units in Q4 as families increasingly opt for the practical three-row configuration at a price point well below German and Japanese premium three-row SUVs. Hyundai's premium sub-brand Genesis, while contributing a small volume of under 1,500 units per quarter, is building brand equity at the top of the market and establishing showroom traffic from high-net-worth individuals that influences consideration of the mainstream Hyundai range as well. The Ioniq 5 and Ioniq 6 EVs, priced in the Rs 45-60 lakh range, cater to the luxury EV buyer who wants European brand alternatives in that segment.
Hyundai India went public in October 2024 in the largest IPO in Indian stock market history at that time, raising Rs 27,870 crore through a complete offer-for-sale from its Korean parent. The listing has been followed by a period of mixed stock performance as investors have assessed the growth prospects against the IPO valuation, but the strong Q4 results — the second consecutive quarter of margin expansion and volume growth after a challenging FY25 — have boosted investor confidence. The management has guided for double-digit revenue growth in FY27 supported by new model launches including the Creta EV expansion, the Exter facelift and the long-awaited entry into the MPV segment with a product targeting the Innova Crysta buyer.
Hyundai India's exports made a meaningful contribution to the parent's global strategy, with 1.8 lakh units shipped in FY26 to markets in Africa, Latin America, Middle East and Asia-Pacific — positioning the Chennai plant as a key global export hub alongside the company's plants in South Korea, the Czech Republic and the USA. The government's Production Linked Incentive scheme for advanced automotive technology has incentivised Hyundai to deepen its India manufacturing investments, with the company committing to cross 40% localisation for its EV batteries by FY28 through partnerships with Indian battery cell manufacturers. This localisation commitment is critical both for PLI eligibility and for long-term cost competitiveness in the EV segment where battery costs represent over 35% of total vehicle cost.
The broader strategic picture for Hyundai India is one of sustained premium positioning in a market where the trend toward higher-value vehicles continues to broaden from the top of the income distribution toward the upper middle class. India's vehicle ownership pyramid is fundamentally shifting from one dominated by entry-level hatchbacks to one where mid-size and full-size SUVs account for a growing share of new sales, as aspiration and affordability intersect for an expanding cohort of urban and semi-urban buyers. Hyundai, with its Korean design sensibility, strong feature loading at competitive prices and consistent quality, is extremely well positioned to benefit from this structural upgrade cycle, which analysts expect to continue for at least the next 5-7 years as per capita incomes and consumer aspirations keep rising.
