Hyundai Motor India HYUNDAI
No. 2 carmaker in India, localising EV batteries with Exide Energy for its own and Kia's Indian EVs
Mapped in 1 theme: Battery Storage (PLI-ACC).
Where Hyundai Motor India sits in the supply chain
Hyundai Motor India appears in 1 supply-chain layer in one theme, Battery Storage (PLI-ACC).
Battery Storage (PLI-ACC) › EV makers (cell buyers)
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 47,378 | 60,308 | 69,829 | 69,193 | 70,763 |
| Net profit | 2,902 | 4,709 | 6,060 | 5,640 | 5,432 |
Latest-year revenue ₹70,763 Cr (FY26, company-wide).
Note: EV maker; local-cell MoU with Exide.
Strengths
- MoU with Exide Energy (Apr 2024) to localise LFP cells
- Creta Electric anchors local EV volumes
Risks
- EVs are a small share of its sales
- Local cell supply depends on Exide's ramp-up
Common questions
What does Hyundai Motor India do?
No. 2 carmaker in India, localising EV batteries with Exide Energy for its own and Kia's Indian EVs.
Where does Hyundai Motor India sit in the supply chain?
Hyundai Motor India (NSE: HYUNDAI) is mapped in 1 supply-chain layer: EV makers (cell buyers) (Battery Storage (PLI-ACC)).
Who are Hyundai Motor India's peers?
In the EV makers (cell buyers) layer of Battery Storage (PLI-ACC): Tata Motors Passenger Vehicles, Mahindra & Mahindra, Ola Electric Mobility, TVS Motor Company and Bajaj Auto.
What is Hyundai Motor India's market cap and valuation?
As of 6 Nov 2026: market cap ₹1.73L Cr, P/E 37.9x, ROCE 38.4%, ROE 29.9%, dividend yield 0.99%.