Last week, a foreign brokerage initiated coverage with a 'Buy' rating and a target price of Rs 2,600, citing Hyundai’s strong product pipeline, planned capacity expansion, and supportive macroeconomic trends. The brokerage said the company’s “strategic catch-up” plan, including new launches and ramped-up production, would help it capture additional market share in the years ahead.

Hyundai Motor India manufactures and sells passenger cars, along with vehicle parts and accessories. On the earnings front, consolidated net profit fell 8.1% year-on-year to Rs 1,369.23 crore in Q1 FY26, while net sales declined 5.6% to Rs 16,179.62 crore.