Hyundai Motor India expects production at Chennai plant to normalise by June 22 after fire incident; here’s how the stock is faring

Hyundai Motor India shares were trading in the green after the carmaker on Wednesday, June 10, shared a production update following a fire incident at the supplier's manufacturing facility.

A temporary disruption in Hyundai’s production occurred due to an issue at its supplier Mobis India Limited’s manufacturing facility. “In this regard, we wish to update that the company is taking all the necessary steps so that production activities return to normal, including arranging the automotive parts from alternate source locations,” Hyundai Motor India said in a regulatory filing on Wednesday.

Hyundai further said that operations at its Pune plant and Chennai Plant 2 remain largely unaffected and are continuing as usual. The company indicated that the temporary production disruption is primarily limited to Chennai Plant 1, which is expected to regain its production pace by June 15, 2026, with all operations projected to return to normal by June 22, 2026.

The automaker said it is also in the process of ascertaining the extent of impact from the incident on its operations. It expects that any loss of production arising due to this incident shall be mostly recovered within the next quarter itself.

However, Hyundai said it does not expect any noteworthy impact on retail sales in June 2026 since they have adequate inventory in the network.

On May 31, a fire was reported at the Mobis manufacturing facility in Sriperumbudur near Chennai, which resulted in damage to spare parts inventory and production machinery. No injuries or fatalities were reported.

The Crete-maker had reported a 9.1% year-on-year increase in domestic sales at 47,837 units in May 2026. With exports of 13,300 units, HMIL’s total monthly sales stood at 61,137 units last month, marking a 4.1% year-on-year growth.

Update on first mass-market EV

Last week, Hyundai Motor India had said that it will roll out two new models from the Chennai manufacturing facility, including its first mass-market EV, this year. The company is committed to making Tamil Nadu its 'Flagship EV Hub for India,' it had said.

Hyundai Motor India is committed to enhancing localization across both electric vehicle (EV) and ICE (internal combustion engine) manufacturing operations and plans to increase localization levels from the current 82% to 90% over the next five to six years.

The company said it is well-positioned to further expand coverage across all major cities and highways over the next 2-3 years, backed by a strategically distributed network of high-capacity chargers across key urban and transit corridors, in line with its plans to broaden affordable EV offerings in India.

The auto major also aims to enhance purchasing value from Tamil Nadu-based suppliers by approximately ₹4,000 crore, which is expected to create around 2,000 additional jobs in the state over the next five to six years.

Hyundai Motor India share price

At 11:45 AM, Hyundai Motor India shares were trading at ₹1,914.3 apiece on the National Stock Exchange, rising 0.83%. It has jumped 1.07% to its intraday high of ₹1,919 per share on Wednesday.

Over the past five trading sessions, the stock has gained 2%. However, it has declined 17% over the last six months and is down over 17% since the beginning of the year.

Shares of the firm had hit a 52-week high of ₹2,890 on September 22, 2025, and a 52-week low of ₹1,658 on April 6, 2026.

The company has a total market capitalization of ₹1.56 lakh crore, according to data on the NSE.