Hyundai Motor India share price in focus: Hyundai Motor India shares came under steep selling pressure in Wednesday’s trade (July 2), falling 5.22% to hit an intraday low of ₹2,123 apiece — marking the stock’s biggest intraday decline in the last four months. The fall also ended the stock’s six-day winning streak.

The decline in shares of India’s third-largest carmaker followed disappointing June sales figures, released after market hours on Tuesday. The numbers also came in below Street estimates, highlighting weak demand in the Indian passenger vehicle market.

The company dispatched 44,024 units to dealers in June, marking a 12% drop compared to the same period last year. However, exports remained healthy, with 16,900 units shipped during the month, as the company shifted its focus to overseas markets amid subdued domestic demand.

Earlier, management has expressed an optimistic outlook on sustained export growth, targeting 7–8% volume growth in exports for the current fiscal year despite global headwinds.

Along with the June sales figures, the company also released data for the June quarter, which also showed strong export performance, with 48,140 units being shipped, up from 42,600 units in the same period a year ago, according to its regulatory filing. As a result, the export contribution rose to 26.7% in Q1 FY26, up from 22.2% in Q1 FY25.

Commenting on Hyundai Motor sales, Mr. Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL said, “The geopolitical situation continued to affect the domestic market sentiment with domestic sales registering 44,024 units in June 2025.”

As we come closer to the beginning of production at the Talegaon plant, we remain cautiously optimistic about a gradual recovery of demand, supported by reduction in repo rates and improving liquidity on account of cut in CRR. We are closely watching the global geopolitical scenario and are committed to delivering value and innovation to our customers across both domestic and export markets,” he further added.

Brokerages remain upbeat on the company’s growth prospects

Domestic brokerage firm Avendus Spark has recently initiated coverage on Hyundai Motor India with a target price of ₹2,350 apiece, the highest target among analysts currently tracking the stock. Nomura, which already had a ‘buy’ call, reiterated its view and set a target of ₹2,291. These two are now the highest price targets on the Street for Hyundai Motor India.

Earlier, Kotak Institutional Equities maintained its ‘Buy’ rating with a target price of ₹2,050, anticipating industry trends to improve from 2HFY26, supported by multiple tailwinds despite near-term challenges.

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