Hyundai Motor India Share Price: Brokerages upbeat on Rs 45,000 crore investment plan - Check fresh targets

Hyundai Motor India Share Price:A day after Hyundai Motor India Limited (HMIL) announced a massive investment plan of Rs 45,000 crore by FY2030, several brokerages have turned bullish on the company’s long-term growth outlook. The plan, unveiled during Hyundai’s first-ever Investor Day on Wednesday, focuses on localisation, eco-friendly models, and expanded manufacturing capacity in India.

Hyundai’s growth roadmap

Hyundai aims to capture over 15 per cent domestic market share by FY2030, with utility vehicles (UVs) contributing more than 80 per cent of total sales. The company also expects CNG, hybrid, and electric vehicles to account for over half of its portfolio by the end of the decade. The automaker targets 1.5x revenue growth by FY2030 and plans to launch seven new models, including luxury offerings under the Genesis brand.

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Tarun Garg takes charge as new MD & CEO

The company also announced the appointment of Tarun Garg as its new Managing Director and CEO, signalling a renewed leadership push as Hyundai enters its next phase of expansion in India.

Hyundai Motor India Share Price Target

Following the investment announcement, top brokerages including Morgan Stanley, HSBC, and Nomura issued positive updates on Hyundai’s India outlook:

- Morgan Stanley maintained an Overweight rating with a target price of Rs 3,066, calling India Hyundai’s “second-largest market after the US” in the coming years. It expects the Rs 45,000 crore capex, seven new nameplates, and multi-powertrain strategy to drive long-term growth.

- HSBC reiterated a Buy rating with a target of Rs 2,800, projecting a 7 per cent 5-year volume CAGR and steady 11–14 per cent EBITDA margins. It, however, flagged near-term pressure from higher capex and backend-loaded launches.

- Nomura also maintained a Buy rating with a target of Rs 2,846, citing Hyundai’s strong positioning in the SUV, MPV, and CNG segments and the upcoming launch of the Genesis brand as key positives.

Hyundai Motor India Share Price

Shares of Hyundai Motor India were up 0.92 per cent at Rs 2,441.90 on Thursday. The stock hit a day’s high of Rs 2,471.70, giving it a market capitalization of Rs 1.99 lakh crore. Over the past six months, the stock has delivered around 50 per cent returns, outperforming the broader market.