software

Shares of Hyundai Motor India (HMIL) gained as much as 4% to their day’s high of Rs 2,417 in the afternoon trade on Monday, December 1, after the company reported a strong set of sales numbers for November 2025.The automobile major posted total sales of 66,840 units, marking a 9.1% year-on-year (YoY) increase. Domestic sales stood at 50,340 units, up 4.3% from a year earlier, while exports surged 26.9% to 16,500 units, reinforcing the company’s push to position India as a global production base, the company said in a regulatory filing on December 1.Tarun Garg, Wholetime Director & COO of HMIL, said the company continued to build on its sales momentum, supported by GST 2.0 reforms. He added that the sharp growth in exports further strengthens India’s role as a manufacturing hub for Hyundai globally.A major highlight for the month was the all-new Hyundai Venue, which the company described as its first software-defined vehicle in India. The compact SUV has received over 32,000 bookings within a month of launch. Garg said the model’s bold design and advanced technology stack—including ccNC infotainment powered by NVIDIA—add significant heft to Hyundai’s already strong SUV lineup.The auto maker reported a 14.3% year-on-year (YoY) rise in consolidated net profit to Rs 1,572 crore for the quarter ended September 2025, up from Rs 1,375 crore in the same period last year.EBITDA margin improved by 113 basis points year-on-year to 13.9%, supported by a favourable product and export mix, along with ongoing cost-optimization initiatives.In Q2 FY26, domestic volumes rose 5.5% quarter-on-quarter, driven by GST 2.0 reforms and a buoyant festive season. The quarter also marked Hyundai’s highest-ever domestic SUV contribution.“We aim to maintain pace with the industry’s growth momentum through the remainder of the year, while our strong export performance is set to exceed targets for FY26,” the management said.Hyundai Motor India shares have risen 35% on a year-to-date basis.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)