Auto stock in focus after it partners with TVS Motor to analyze last mile mobility solutions for India

Published 20-01-2025, 03:05 pm
© Reuters.  Auto stock in focus after it partners with TVS Motor to analyze last mile mobility solutions for India
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The shares of one of the largest auto original equipment manufacturers in the world which specializes in the design, manufacturing, and sale of a wide range of automobiles, including cars, SUVs, and electric vehicles, in focus following joining hands with TVS Motor to Analyze Last-mile Mobility Solutions for India.

Price action

With a market capitalization of Rs. 1,45,717 crores on Monday, the shares of Hyundai Motor (KS:005380) India Ltd (NS:HYUN) jumped 0.21 percent, making a high of Rs. 1,792.95 per share compared to its previous closing price of Rs. 1,789.10 per share.

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What Happened

Hyundai Motor India Limited specializes in the design, manufacturing, and sale of a wide range of automobiles, including cars, SUVs, and electric vehicles has partnered with TVS Motor to Analyze Last-mile Mobility Solutions for India.

The two companies announced the partnership at the ongoing Bharat Mobility Global Expo in Delhi to conceptualise the development of advanced electric three-wheelers and micro four-wheelers in India.

The Project focus is on contributing to India’s mobility market and empowering last-mile connectivity in Indian cities. TVS Motor Company (NS:TVSM) will explore manufacturing and marketing the EVs, collaborating with Hyundai Motor with the aim of improving the mobility experience in India

Management Commentary

SangYup Lee, Executive Vice President and head of Hyundai and Genesis Global Design, Hyundai Motor said “Hyundai Motor is a customer-centric brand, and caring for people in India is our first mission. This commitment has driven us to explore designing micro-mobility solutions tailored to India’s unique environment, reimagining the iconic three-wheeler to enhance mobility experiences through thoughtful design.”

Sharad Mishra, President of Group Strategy at TVS Motor Company, stated “TVS is proud to explore a partnership with Hyundai Motor to shape the future of urban mobility. By combining Hyundai Motor’s global expertise with our deep understanding of mobility solutions, we aim to develop next-generation micro-mobility solutions that redefine last-mile connectivity.”

Domestic Volume Mix – H1 FY25

The domestic volume mix for H1 FY25 shows a mixed in sales across all categories compared to H1 FY24. SUV sales increased from 186,820 to 203,381, Hatchback sales declined from 72,517 to 60,744, and Sedan sales declined from 47,738 to 34,969.

Financials

The company’s declined by 8.3 percent from Rs 19,042 crore to Rs 17,452 crore in Q2FY24-25. Meanwhile, Net profit declined from Rs 1,628.46 crores to Rs 1,375.47 crore during the same period.

Written by Sridhar J

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