Hyundai Motor India plans to launch localised mass-market SUV EV; shares fall nearly 6% YTD

The automaker’s shares continued trading in the red zone during Wednesday’s session amid a broad-based decline in the market.

The auto manufacturer is preparing its sales and service network ahead of the launch, and training its dealer workforce to be EV-ready. It has also inaugurated 120 kW DC fast-charging stations in New Delhi on World EV Day 2026.

Hyundai Motor also plans to expand its EV-ready sales and service network to 820 touchpoints and 650 workshops by the end of the 2026-27 financial year (FY27).

The company stated it plans to train an additional 7,000 sales personnel and more than 5,000 service personnel for EV (electric vehicle) sales, maintenance, and repair by the end of FY27.

It has trained over 10,000 sales personnel to date to support customers through their electric mobility journey.

Hyundai Motor currently has over 2,600 trained dealership service personnel available for EV maintenance and repair across HMIL EV service touchpoints.

Tarun Garg, MD & CEO of Hyundai Motor India, said: “By expanding our network of EV chargers, EV-ready sales and service touchpoints, investing in specialised infrastructure and systematically training our dealership teams, we aim to make the transition to electric mobility convenient, dependable and rewarding.”

Hyundai Motor India stock performance

Shares of Hyundai Motor India declined as much as 3.04% to hit an intraday low of ₹2,152.50 apiece on the National Stock Exchange (NSE) on Wednesday, September 9, amid a broad-based sell-off in the market.

The scrip eventually closed 1.69% lower at ₹2,182.40 per equity share on Wednesday. The stock has risen more than 1% in the past week but lost 1% over the month. On a year-to-date (YTD) basis, it has declined nearly 6%.

While the shares hit a 52-week high of ₹2,890 per unit on September 22, 2025, they touched a year’s low of ₹1,658 apiece on April 6, 2026.

Hyundai Motor India Q1 results

The firm reported a 35% year-on-year (YoY) decline in its consolidated net profit to ₹889 crore in the April to June quarter of the 2026-27 financial year (Q1 FY27), compared with ₹1,369 crore in the same period a year earlier.

Its revenue from core operations stood at ₹16,334.63 crore during the quarter under review, marking a 0.47% YoY decline from ₹16,412.87 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

Hyundai Motor India has a total market capitalisation of ₹1.77 lakh crore as of September 9, 2026, according to data on the NSE.