Hyundai Motor India's FY24 margins among the highest in India
A look at Hyundai Motor India's FY24 numbers reveals that the company has profit margins that are ahead of most of its peers
15 Oct 2024
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The dual advantage of volume growth, coupled with increased realizations in the export market, has enabled Hyundai Motor India to remain one of the most profitable carmakers in the country.
According to data from the Red Herring prospectus of its Indian subsidiary, the Creta and Venue manufacturer, it achieved an operating (EBITDA) margin of 13.08% in FY24 -- one of the highest among Indian carmakers.
This is higher than most of its listed peers such as Mahindra & Mahindra, and Tata Motors' PV division.
Market leader Maruti Suzuki is the only listed automaker that has a somewhat ...
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