Hyundai Motor India holds full year view, banking on new launches, demand recovery
New Delhi, July 30 -- Hyundai Motor India on Thursday maintained its fiscal 2027 volume growth and operating margin outlook, expecting new launches and stronger demand for gas-powered vehicles to offset disruptions that hurt quarterly profit.
The carmaker's shares rose as much as 2.8% after results before ending 1.3% higher.
The company held its EBITDA margin outlook of 11%-14% for fiscal 2027 even as its first-quarter margin fell to 9.3% from 13.3% a year earlier.
First-quarter profit fell over 35% to 8.89 billion rupees ($92.91 million), while revenue fell 0.5%, hurt by higher costs and a production disruption at its Chennai plant.
"... the new model cycle starts from October with the mid SUV in the festive season. So that should al...
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