Hyundai Motor India hits over 2-month high; surges 5% on heavy volumes

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Hyundai Motor India hits over 2-month high; surges 5% on heavy volumes - Business Standard

Quick Summary:

Thus far in February 2025, the stock surged 15% after the company registered a 10.5% YoY growth in exports in January 2025 on the back of stable demand for its products in the overseas markets.

The company believes that the newly launched CRETA Electric will drive phenomenal success, build strong momentum and will be a game-changer in the EV landscape.

Industry growth for domestic passenger vehicle (PV) in FY26F is expected to be in low single digits due to market stabilization after recent high-growth years.