Hyundai Motor shares were in the news today, gaining over 5% to hit a 52-week high of ₹2,549.50 per share on the NSE. Shares of Hyundai Motor India, India’s second-largest passenger carmaker after Maruti Suzuki, gained for the second consecutive day. The government has proposed next-generation GST reforms, including rationalisation of GST rates by Diwali 2025.
Experts believe that GST 2.0 reforms could reduce GST rates on automobiles from the current 28% to 18%, leading to lower prices and improved sales in the upcoming festive season.
Hyundai Motor shares have surged over 13% in the last two trading sessions, while its market capitalisation has crossed ₹2 lakh crore. As of 2 pm, the stock was trading 4.7% higher at ₹2,537 per share and had a market capitalisation of ₹2.06 lakh crore.
Hyundai Motor’s IPO, which is still India’s largest IPO by issue size, saw low demand from investors when it was launched for public issue in October 2024. Hyundai Motor’s IPO listed at ₹1,931 per share, lower than its issue price of ₹1,960 per share.
After listing, Hyundai Motor shares continued to decline further and hit a 52-week low of ₹1,541.70 in April 2025. However, the stock recovered from its all-time low and currently Hyundai Motor stock is trading 65% above its 52-week low and 30% above its IPO issue price of ₹1,960 per share.
Hyundai Motor India Q1 Results
Hyundai Motor’s profit after tax (PAT) declined 8% to Rs 1,369 crore in Q1 FY26 from Rs 1,489.6 crore in the same period last year. The automaker’s operating revenue declined 5.4% to Rs 16,413 crore from Rs 17,344 crore in the same period a year ago.
The company reported an 11.5% decline in domestic sales to 1.32 lakh units in the quarter ended June 30, 2025. Meanwhile, its exports grew 13% to 48,140 units. Total sales during the quarter declined by 6.1% to 1.80 lakh units.
