Mumbai, Aug. 22 -- Crisil Ratings stated that the ratings continues to reflect the company's established position in domestic and overseas passenger car markets, robust financial risk profile and strong liquidity.

The factors also factor in the strong support from the parent, Hyundai Motor Company (HMC).

In fiscal 2026, HMIL's overall volume marginally increased by 2% on account of improved business volumes, particularly during the second half of the fiscal year, on the back of goods and services tax (GST) rate rationalisation in September. As a result, revenue of HMIL increased to Rs 70,763 crore in fiscal 2026 from Rs 69,193 crore in fiscal 2025.

Sustained volume offtake supported by new model launches, especially in the sports utili...