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Emkay upgrades Hyundai Motor India as SUV-led expansion targets 1.1m-unit capacity

Emkay upgraded Hyundai Motor India with a Rs 2,600 target, citing an SUV-led product cycle. Hyundai plans new models, capacity expansion to 1.1 million units, Rs 45,000 crore localisation investment and higher exports as India becomes a key global hub.

Newer report , , Mint : Hyundai Motor India opens Bayon bookings as shares rebound

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Reported figures

From the report. Source details below

Emkay target price: Rs 2,600, raised from Rs 2,450
Implied upside: 16.8%
SUVs: 68% of domestic volume in FY26 versus 52% in FY22
Export share target: 30% within five years versus 24.5% in FY26
Capacity target: 1.1 million units annually by FY31 versus 909,000 in FY26
Localisation target: 90% versus 80% currently and 70% in FY20

Also in the report

  • 26 strategic product actions over five years
  • 7 new nameplates over five years
  • India targeted as Hyundai's second-largest global market by CY30/FY30, from fourth currently

The source

Source Read the source at Financial Express

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