The company had posted net profit of Rs 1,124.09 crore in the same period of the last financial year.
Revenues from operations in the period under review rose 7.4% to Rs 17,097 crore last quarter. Total expenses too grew by 7.4% to Rs 16,077 crore in the same period.
Tarun Garg, Managing Director & Chief Executive Officer said “The year started with income tax cuts. Thereafter, there was the implementation of GST 2.0 and interest rate cuts, all of which combined have brought renewed optimism in the industry. Our volumes grew 5% sequentially in Q3. Wholesales will be stronger in the ongoing quarter as we have streamlined inventory.”
Garg informed while demand remains strong across categories, customer preference for compact SUVs seems particularly strong. The share of SUVs in total car sales rose to 56.5% between September 2025 and January post GST reset, compared to 53.8% in April-August 2025 prior to the tax cut.
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Rural demand also continues to be robust, Garg said. As much as 24% of the company’s volumes came in from rural markets last quarter, which is an all-time high.
“Six month back too rural was driving growth in the industry. Good thing now is that even urban markets have started coming back. As we move ahead, the robust January 2026 sales number gives us great momentum towards a healthy 2026”, Garg added.
Shares of Hyundai Motor India closed at Rs 2,196.50 apiece, up by 0.60% on BSE.