Hyundai Motor India witnessed a 2.5% drop in its stock price after reporting a decline in domestic sales for February 2025. As of 10:15 AM, the shares were trading 2.45% lower at Rs 1,687.60.
The company’s total sales, including domestic and exports, stood at 58,727 units, marking a 2.93% year-on-year (YoY) decline from 60,501 units sold in February 2024.
Domestic sales saw a sharper decline of 4.93%, with 47,727 units sold compared to 50,201 in the same period last year. Hyundai attributed the sales dip to ongoing geopolitical challenges, but the company remains optimistic that upcoming tax reforms will boost demand in the coming months.
On a month-on-month (MoM) basis, Hyundai’s cumulative sales fell by 10.48% from 65,603 units in January 2025. The decline has been consistent over the past three months, with December 2024 sales at 67,615 units.
Despite weak domestic performance, Hyundai’s exports surged 6.8% YoY to 11,000 units in February 2025, up from 10,300 units in February 2024. The automaker continues to be a leading vehicle exporter in India.
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