By Kashish Tandon <\/p>\n
July 30 (Reuters) – Hyundai Motor India on Thursday maintained its fiscal 2027 volume growth and operating margin \u200coutlook, expecting new launches and stronger demand for gas-powered \u200cvehicles to offset disruptions that hurt quarterly profit. <\/p>\n
The carmaker’s shares rose as much \u200bas 2.8% after results before ending 1.3% higher. <\/p>\n
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. <\/p>\n
First-quarter profit fell \u200cover 35% to 8.89 \u2060billion rupees ($92.91 million), while revenue fell 0.5%, hurt by higher costs and a production disruption at its \u2060Chennai plant. <\/p>\n
“… the new model cycle starts from October with the mid SUV in the festive season. So that should also help \u200bus to \u200bimprove the volumes,” CEO and \u200bMD Tarun Garg said on \u200ca post-earnings conference call. <\/p>\n
Hyundai expects CNG vehicles, which accounted for a record 18% of quarterly sales, to also drive growth. <\/p>\n
India’s auto market recovered after New Delhi cut taxes last September, but Hyundai India said higher raw material costs and weaker exports due to \u200cthe Middle East conflict weighed on \u200bearnings. <\/p>\n
Higher steel and commodity prices continued to \u200bpressure margins despite price \u200bhikes during the quarter. <\/p>\n
The automaker plans to launch \u200ca mid-sized SUV in the Creta \u200bsegment during the \u200bfestive season, followed by an electric vehicle in the Venue segment later this fiscal year. <\/p>\n
It also plans to expand its \u200bCNG lineup to \u200csix models by 2030 from three currently, Garg said. <\/p>\n
($1 = \u200b95.6300 Indian rupees) <\/p>\n
(Reporting by Kashish Tandon in Bengaluru; Editing \u200bby Janane Venkatraman and Nivedita Bhattacharjee) <\/p>\n","protected":false},"excerpt":{"rendered":"By Kashish Tandon July 30 (Reuters) – Hyundai Motor India on Thursday maintained its fiscal 2027 volume growth…\n","protected":false},"author":2,"featured_media":113889,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[4135,295,702,4389,2880,2670,6857],"class_list":["post-113888","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hyundai-motor","tag-ebitda-margin","tag-hyundai","tag-hyundai-motor","tag-hyundai-motor-india","tag-operating-margin","tag-outlook","tag-volume-growth"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/113888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=113888"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/113888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/113889"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=113888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=113888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=113888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}