HMIL Q3 results: New Hyundai Venue clocks 80,000 bookings; Creta SUV crosses 2 lakh sales in 2025
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The newly launched Hyundai Venue has received close to 80,000 bookings, while the Creta SUV crossed the landmark 2 lakh sales mark in calendar year 2025, reaffirming Hyundai Motor India Limited’s (HMIL) stronghold in the SUV segment, Managing Director and CEO Tarun Garg said on Monday.
Addressing his first earnings call as HMIL’s first Indian MD & CEO, Garg said SUVs, particularly compact SUVs, continue to be the biggest beneficiaries of changing consumer preferences and recent policy support.
“Compact SUVs have seen the strongest growth momentum, and the response to the new Venue has been extremely encouraging with nearly 80,000 bookings so far,” Garg said.
The company’s flagship mid-size SUV Creta reclaimed its position as India’s best-selling SUV in 2025, recording its highest-ever annual sales of over two lakh units. This translates into an average of around 550 Cretas sold every day, underlining the model’s sustained popularity in the domestic market.
January 2026
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SUVs gain further ground post-GST
Garg noted that structural shifts in demand have accelerated in recent months, aided by GST reforms, improved consumer sentiment and increasing preference for feature-rich vehicles.
Industry data shared by the company showed that SUV contribution to total passenger vehicle sales rose to 56.5% between September 2025 and January 2026, up from 53.8% in the April–August period, with compact SUVs accounting for a major share of the incremental growth.
While SUVs remained the primary growth driver, HMIL said demand has picked up across segments. Models such as Aura and Exter recorded their highest-ever monthly sales in recent months, signalling improving momentum beyond the SUV portfolio.
Rural markets also played a critical role, with rural contribution to Hyundai’s domestic sales crossing 24%, the highest ever for the company, supported by network expansion, infrastructure spending and rising SUV adoption in non-urban regions.
Hyundai remains optimistic about demand in the coming quarters, backed by a strong order book, improving urban sentiment and a diversified product portfolio. “We are well positioned across segments to leverage the opportunities emerging from improving market conditions,” Garg said.
Q3 sales rise 4.8% YoY
HMIL reported steady growth in the third quarter of FY26, supported by strong demand for SUVs, robust export performance and rising traction in rural markets, even as margins faced pressure from higher input costs and capacity stabilisation expenses.
The country’s second-largest carmaker sold 1,95,436 vehicles in Q3 FY26, up 4.8% year-on-year, aided by a 21% jump in exports, while domestic volumes remained largely flat at 1,46,548 units, the company said during its media conference call on Monday.
In his first month as HMIL’s MD, Garg drove Hyundai India to its “highest-ever” monthly sales of 73,137 units in January 2026, registering an 11.5% year-on-year growth, including monthly export sales of 14,030 units, up 20.9% year-on-year.
On the earnings front, the auto major reported consolidated revenue of ₹179,735 crore in Q3 FY26, an increase of 8% YoY compared with ₹166,480 crore in the corresponding quarter last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 7.6% year-on-year to ₹20,183 crore, while net profit increased 6.3% to ₹12,344 crore.
The EBITDA margin for the quarter stood at 11.2%, broadly flat compared with 11.3% in Q3 FY25 but lower than the 13.9% recorded in the preceding quarter.
Sequentially, margins were impacted by higher processing costs from the Pune plant ramp-up, increased marketing spends and elevated commodity prices, particularly precious metals, aluminium and copper, as per the company.
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