Hyundai Motor India Ltd (HMIL) announced plans to launch a localised mass-market SUV built on a dedicated EV platform, according to reports from Business Standard, Outlook Business, and Rediff Moneynews. The company currently operates an EV portfolio that includes the IONIQ 5 and the CRETA Electric. This new SUV represents Hyundai's strategic expansion into the growing electric vehicle segment with locally manufactured, mass-market offerings. The upcoming SUV will be an important addition to Hyundai's electric portfolio as the company looks to take EVs beyond the premium and early-adopter segments, potentially allowing the automaker to compete for a much larger section of the SUV market while leveraging India's growing EV ecosystem.
HMIL is actively preparing its sales and service network infrastructure ahead of the new SUV launch. The company has inaugurated 120 kW DC fast-charging stations in New Delhi on World EV Day 2026, as reported by Business Standard and Rediff Moneynews. The auto maker plans to expand its EV-ready sales and service network to 820 touchpoints and 650 workshops by the end of FY27, with the latest reports indicating this timeline has been updated to FY27. Currently, HMIL operates 185 DC fast-charging stations across 105 cities, with charging capacities ranging from 60 kW to 240 kW. The company plans to increase its proprietary network to 600 fast-charging stations by 2030, covering major cities, highways and Hyundai dealerships. As part of its World EV Day initiative, Hyundai is offering complimentary charging to Hyundai EV owners at its own public charging stations from September 9 to September 11, 2026, when accessed through the myHyundai app.
HMIL is implementing comprehensive training programs for its dealer network to support the EV transition. The company plans to train an additional over 7,000 sales personnel and more than 5,000 service personnel for EV sales, maintenance and repair by the end of FY27, according to Outlook Business and Rediff Moneynews. Currently, over 10,000 sales personnel have been trained to support customers through their electric mobility journey, while over 2,600 trained dealership service personnel are available for EV maintenance and repair across HMIL EV service touchpoints. The company has already delivered around 16,000 person-days of EV service training and invested approximately ₹2 crore in making its training centres EV-ready. The programme covers high-voltage safety, EV diagnostics, battery handling and specialised repair procedures. On the sales side, more than 17,000 trained sales personnel are targeted by the end of FY2026-27, with the programme covering EV technology, charging requirements, vehicle capabilities and ownership considerations.
Hyundai Motor India shares declined as much as 3.04% to hit an intraday low of ₹2,152.50 on the National Stock Exchange on Wednesday, September 9, amid a broad-based sell-off in the market. The stock eventually closed 1.69% lower at ₹2,182.40 per equity share on Wednesday. The stock has risen more than 1% in the past week but lost 1% over the month, and on a year-to-date basis, it has declined nearly 6%. While the shares hit a 52-week high of ₹2,890 per unit on September 22, 2025, they touched a year's low of ₹1,658 apiece on April 6, 2026. The automaker has a total market capitalisation of ₹1.77 lakh crore as of September 9, 2026, according to data on the NSE.
Hyundai Motor India reported a 35% year-on-year decline in its consolidated net profit to ₹889 crore in the April to June quarter of the 2026-27 financial year (Q1 FY27), compared with ₹1,369 crore in the same period a year earlier. The company's revenue from core operations stood at ₹16,334.63 crore during the quarter under review, marking a 0.47% YoY decline from ₹16,412.87 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26). The financial results reflect the challenging market conditions and the ongoing transition to electric mobility that the company is undertaking through its comprehensive EV infrastructure and workforce training initiatives.
