Hyundai Motor India tanks in first quarterly report, shares plunge as profits hit rock bottom

Hyundai Motor India tanks in first quarterly report, shares plunge as profits hit rock bottom

Hyundai Motor India faced a rough debut in the public markets as its first quarterly earnings report post-IPO delivered dismal results, sending shares down nearly 3%. The automaker reported a 16% year-over-year drop in net profit for the second quarter of the fiscal year 2025, hitting ₹1,338 crore, along with a revenue decline of 8.3%, […]

Hyundai Motor snaps up GM’s Talegaon plant assets in Maharashtra to amplify manufacturing prowess

Hyundai Motor snaps up GM’s Talegaon plant assets in Maharashtra to amplify manufacturing prowess

Hyundai Motor India Limited (HMIL) has sealed the deal with an Asset Purchase Agreement (APA) to acquire key assets at General Motors India’s (GMI) Talegaon Plant. This momentous agreement encompasses the assignment of land, buildings, and other crucial assets at the plant. As an enhancement to Hyundai’s steadfast dedication to the Indian automotive arena, this […]