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Broker keeps Hyundai Motor India at Buy, sees recovery on ₹45,000 crore expansion plan

Hyundai Motor India is projected to rebound through ₹45,000-crore investment, expanded capacity, 26 product actions and deeper localisation. The broker retains Buy, raises its target price to ₹2,600, and expects market-share recovery following a Bayon-based SUV launch in September 2026.

Newer report adds to this story , : Bayon bookings are open at ₹11,000 ahead of a 2026 festive-season launch.

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  1. Hyundai plans four EVs in India by 2029, earmarks $6.2 billion for technology and R&D through 2032, , The Hindu BusinessLine
  2. India overtakes South Korea as Hyundai's second-largest market, with nearly 306,000 vehicles sold in H1 2026, , Moneycontrol
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Reported figures

From the report. Source details below

CMP: ₹2,265
Domestic volume CAGR FY21-26: 5%
Market share FY26: 12.5%; FY21: 17.4%
Product actions planned: 26; new nameplates: 7
Capacity target FY31: 1.1 million units/year; FY26: 909,000 units/year
Localisation target: 90%; FY26: 80%; FY20: 70%
FY26-29E volume/revenue/EPS CAGR: 11%/15%/16%

The source

Source Read the source at The Hindu BusinessLine

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