Hyundai Shares Dip 2% on Weak December Sales; First Indian CEO Appointed

Business
M
Moneycontrol•02-01-2026, 16:06
Hyundai Shares Dip 2% on Weak December Sales; First Indian CEO Appointed
- •Hyundai Motor India's shares fell 1.91% to ₹2267.20, dropping over 2.5% initially, due to weaker-than-expected December sales figures.
- •December 2025 total sales rose 6.6% year-on-year to 58,702 units, but missed market expectations of a 13% increase to 62,667 units.
- •Domestic sales saw a marginal 0.5% growth to 42,416 units, while exports surged 26.5% to 16,286 units.
- •Tarun Garg became the first Indian MD and CEO of Hyundai Motor India from January 1, 2026, replacing Unsoo Kim.
- •Hyundai Motor India shares listed on Oct 22, 2024; recovered from a low of ₹1542.95 to a high of ₹2889.65.
Why It Matters: Hyundai shares dropped due to missed sales targets, despite a new Indian CEO taking charge.
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