Hyundai Motor India Limited (HMIL) is a subsidiary of Hyundai Motor Company, South Korea’s largest automobile manufacturer. It is one of India’s leading car manufacturers, offering a wide range of vehicles, including hatchbacks, sedans, SUVs, and electric cars. Known for its innovative designs, advanced technology, and customer-centric approach, Hyundai Motor India has become a trusted brand in the Indian automotive market. As of December 11, 2024, the Hyundai Motor share price on the NSE is ₹1822. Below are the projected Hyundai Motor share price target for the years 2024, 2025, 2026, 2027, 2030, 2035 And 2040.
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Hyundai Motor India Limited Company Overview
Established in 1996 and headquartered in Gurugram, Haryana, Hyundai Motor India operates a state-of-the-art manufacturing facility in Chennai, Tamil Nadu, with a production capacity of over 700,000 units annually. The company is a major exporter of automobiles, shipping vehicles to over 80 countries. Hyundai is also a pioneer in introducing electric and hybrid vehicles in India, supporting the transition to sustainable mobility. With an extensive sales and service network and a focus on innovation, Hyundai Motor India continues to strengthen its presence in the highly competitive Indian automotive sector.
| Company type | Public subsidiary |
| Traded as | NSE: HYUNDAI BSE: 544274 |
| Industry | Automotive |
| Founded | 6 May 1996; 28 years ago |
| Headquarters | Gurgaon, Haryana, India (corporate headquarters) Kancheepuram, Tamil Nadu, India (registered office) |
| Key people | Unsoo Kim (MD & CEO) Tarun Garg (WTO & COO) |
| Products | Automobiles |
| Production output | 777,876 units (2024) |
| Revenue | ₹71,302 Crore (2024) |
| Net income | ₹6,060 crore (2024) |
| Total Assets | ₹26,349 crore (2024) |
| Total Equity | ₹10,666 crore (2024) |
| Parent | Hyundai Motor Company |
| Website | https://www.hyundai.com/in/en |
Hyundai Motor Share Price Target 2025-2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹1960 | ₹1688 | ₹1925 |
| 2025 | ₹2273 | ₹1900 | ₹2170 |
| 2026 | ₹2638 | ₹2150 | ₹2440 |
| 2027 | ₹3053 | ₹2490 | ₹2770 |
| 2028 | ₹3542 | ₹2900 | ₹3220 |
| 2029 | ₹4108 | ₹3360 | ₹3730 |
| 2030 | ₹4765 | ₹3880 | ₹4280 |
| 2035 | ₹7994 | ₹7760 | ₹6400 |
| 2040 | ₹14951 | ₹6280 | ₹13300 |
Technical Analysis for Hyundai Motor India Limited
Hyundai Motor Share Price Target 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹2173 | ₹2273 |
In 2025, Hyundai Motor’s share price is projected to reach ₹2173 as the first target and ₹2273 as the second target. This growth reflects the company’s ongoing expansion in electric vehicles (EVs) and its commitment to enhancing its product lineup and market presence.
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Hyundai Motor Share Price Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹2488 | ₹2638 |
By 2026, Hyundai Motor is expected to achieve a first target of ₹2488 and a second target of ₹2638. This growth is likely driven by increasing global demand for eco-friendly vehicles and the company’s strengthening position in the EV market.
Hyundai Motor Share Price Target 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹2850 | ₹3053 |
In 2027, Hyundai Motor’s share price could reach ₹2850 as the first target and ₹3053 as the second target. The company’s focus on innovation, sustainable mobility, and global expansion will likely play a key role in this growth.
Hyundai Motor Share Price Target 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹3292 | ₹3542 |
By 2028, Hyundai Motor’s share price is projected to reach ₹3292 as the first target and ₹3542 as the second target. These targets are reflective of the company’s strong performance in the EV segment and its investments in advanced technologies.
Hyundai Motor Share Price Target 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹3805 | ₹4108 |
Looking to 2029, Hyundai Motor could see its share price rise to ₹3805 as the first target and ₹4108 as the second target. The company’s leadership in the electric and autonomous vehicle market is expected to contribute to this upward trend.
Hyundai Motor Share Price Target 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹4415 | ₹4765 |
For 2030, Hyundai Motor’s share price could reach ₹4415 as the first target and ₹4765 as the second target. This growth is a reflection of the company’s commitment to innovation and capturing market share in the rapidly evolving automotive industry.
Hyundai Motor Share Price Target 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹7394 | ₹7994 |
By 2035, Hyundai Motor’s share price may rise to ₹7394 as the first target and ₹7994 as the second target. The company’s long-term strategy of diversifying into sustainable mobility and autonomous driving technologies is likely to drive this growth.
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Hyundai Motor Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹13600 | ₹14951 |
Looking ahead to 2040, Hyundai Motor’s share price is expected to reach ₹13600 as the first target and ₹14951 as the second target. This significant rise would reflect Hyundai’s position as a global leader in the automotive and electric vehicle markets, with advancements in autonomous technologies and smart mobility solutions.
Hyundai Motor India Limited Fundamentals
| Parameter | Value |
| Market Cap | ₹148,447Cr |
| P/E Ratio (TTM) | 24.88 |
| P/B Ratio | 10.97 |
| Industry P/E | 22.07 |
| Debt to Equity | 0.08 |
| ROE | 44.12% |
| EPS (TTM) | 73.44 |
| Dividend Yield | 0.00% |
| 52 Week High | ₹1842 |
| 52 Week Low | ₹1820 |
| Book Value | 166.47 |
| Face Value | 10 |
Hyundai Motor India Limited Financial Results
| All in ₹Cr. | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 43,258 | 42,979 | 40,674 | 47,043 | 59,761 | 68,539 |
| Expenses | 38,415 | 38,694 | 36,497 | 41,628 | 52,308 | 59,569 |
| Operating Profit | 4,843 | 4,285 | 4,177 | 5,415 | 7,454 | 8,969 |
| OPM % | 11% | 10% | 10% | 12% | 12% | 13% |
| Other Income | 662 | 699 | 424 | 576 | 1,112 | 1,457 |
| Interest | 128 | 156 | 165 | 132 | 142 | 158 |
| Depreciation | 1,410 | 1,616 | 1,944 | 2,136 | 2,155 | 2,172 |
| Profit before tax | 3,968 | 3,213 | 2,493 | 3,723 | 6,269 | 8,095 |
| Tax % | 35% | 27% | 26% | 23% | 26% | 26% |
| Net Profit | 2,582 | 2,355 | 1,847 | 2,862 | 4,654 | 5,954 |
Source: https://www.screener.in/company/HYUNDAI/#profit-loss
Hyundai Motor India Limited Balance Sheet
| All in ₹Cr. | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| Equity Capital | 813 | 813 | 813 | 813 | 813 |
| Reserves | 14,318 | 15,823 | 18,965 | 9,472 | 12,255 |
| Borrowings | 1,354 | 1,175 | 1,188 | 832 | 1,058 |
| Other Liabilities | 10,014 | 10,274 | 13,193 | 14,537 | 12,416 |
| Total Liabilities | 26,498 | 28,084 | 34,159 | 25,654 | 26,541 |
| Fixed Assets | 7,205 | 6,559 | 6,052 | 7,519 | 6,935 |
| CWIP | 796 | 529 | 1,332 | 639 | 1,674 |
| Investments | 137 | 141 | 147 | 147 | 147 |
| Other Assets | 18,360 | 20,854 | 26,627 | 17,349 | 17,785 |
| Total Assets | 26,498 | 28,084 | 34,159 | 25,654 | 26,541 |
Source: https://www.screener.in/company/HYUNDAI/#balance-sheet
Hyundai Motor India Limited Shareholding Pattern
| Promoters | 82.50% |
| FIIs | 7.36% |
| DIIs | 5.77% |
| Public | 4.37% |
| No. of Shareholders | 15,34,464 |
Source: https://www.screener.in/company/EIEL/consolidated/#shareholding
Hyundai Motor India Limited Peers comparison
| Sector: Automobile | Industry: Automobiles – Passenger Cars | ||||
| Name | CMP Rs. | Mar Cap Rs.Cr. | NP Qtr Rs.Cr. | Sales Qtr Rs.Cr. | ROCE % |
| M & M | 3067.65 | 381471.11 | 3361.06 | 37923.74 | 13.58 |
| Maruti Suzuki | 11203.6 | 352244.1 | 3102.5 | 37449.2 | 21.82 |
| Hyundai Motor I | 1832.75 | 148918.44 | 1337.79 | 16876.17 | 51.41 |
| Mercury EV-Tech | 94 | 1785.75 | 1.6 | 19.48 | 2.96 |
| Hindustan Motors | 27.07 | 564.82 | 4.86 | 0.79 | 2.32 |
Source: https://www.screener.in/company/HYUNDAI/#peers
FAQs
1. What is the share price target for Hyundai Motor in 2025?
Ans: In 2025, Hyundai Motor’s share price is expected to reach ₹2,173 as the first target and ₹2,273 as the second target, indicating gradual growth in the company’s performance.
2. What is the share price target for Hyundai Motor in 2026?
Ans: For 2026, the share price target is ₹2,488 for the first target and ₹2,638 for the second target, driven by advancements in innovation and market expansion.
3. What is the share price target for Hyundai Motor in 2027?
Ans: In 2027, Hyundai Motor’s share price is projected to reach ₹2,850 as the first target and ₹3,053 as the second target, supported by increased demand for its vehicles and technological developments.
4. What is the share price target for Hyundai Motor in 2028?
Ans: By 2028, Hyundai Motor’s share price is anticipated to rise to ₹3,292 for the first target and ₹3,542 for the second target, reflecting positive market growth and innovation in the automotive industry.
5. What is the share price target for Hyundai Motor in 2029?
Ans: For 2029, Hyundai Motor’s share price target is ₹3,805 for the first target and ₹4,108 for the second target, indicating continued upward momentum driven by global expansion and demand for electric vehicles.
6. What is the share price target for Hyundai Motor in 2030?
Ans: In 2030, Hyundai Motor’s share price is expected to reach ₹4,415 for the first target and ₹4,765 for the second target, driven by ongoing growth in the automotive sector.
7. What is the share price target for Hyundai Motor in 2035?
Ans: By 2035, the share price target for Hyundai Motor is ₹7,394 for the first target and ₹7,994 for the second target, reflecting strong potential growth and technological advancements.
8. What is the share price target for Hyundai Motor in 2040?
Ans: In 2040, the projected share price targets for Hyundai Motor are ₹13,600 for the first target and ₹14,951 for the second target, driven by global growth and leadership in the automotive and electric vehicle sectors.
Q.9 What are the NSE and BSE codes for Hyundai Motor India Ltd.?
Ans: The BSE code for Hyundai Motor India Ltd. is 544274, and the NSE code is HYUNDAI.
Q.10 Who is the owner of Hyundai Motor India Ltd.?
Ans: The owner of Hyundai Motor India Ltd. (HMIL) is Hyundai Motor Company (HMC).
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