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Hyundai thinks that the recently released Creta Electric will certainly drive extraordinary success, construct solid energy and will certainly be a game-changer in the EV landscape, it claimed.
Hyundai Creta Electric (Photo: Shahrukh Shah/ News 18).
Hyundai Motor India on Tuesday claimed its combined earnings after tax obligation decreased 19 percent to Rs 1,161 crore for the 3rd quarter finished December 31, 2024, struck by restrained need and geo-political aspects.
The vehicle significant had actually reported a Profit After Tax (RUB) of Rs 1,425 crore in the October-December duration of last monetary.
Total earnings from procedures decreased to Rs 16,648 crore in the 3rd quarter as versus Rs 16,875 crore in the year-ago duration.
The decrease in margins was primarily because of restrained need & & geo-political aspects, the business claimed.
“While the obstacles continue the total market because of international aspects, our service basics continue to be solid, and we continue to be positive in our capability to utilize our staminas and proactively discover possible possibilities to boost our quantities and earnings,” Hyundai Motor India Managing Director Unsoo Kim said.
The company said it sold a total of 1,86,408 units of passenger vehicles during the third quarter, a dip of 2 per cent as compared with 1,90,979 units in the same period of last fiscal.
The sales in the third quarter of this fiscal include 1,46,022 units in the domestic market with a strong contribution from the SUV segment, it added.
Hyundai said it has achieved its highest-ever CNG penetration during the quarter, reaching 15 per cent which was 12 per cent in the third quarter of the previous year.
During the quarter, the automaker said it has demonstrated robust growth in rural penetration reaching 21.2 per cent compared to 19.7 per cent in the same period last year.
The export volume stood at 40,386 units, it added.
The automaker said it is confident about its growth trajectory and is committed to drive long-term value for its stakeholders.
The company has a positive outlook on growing EV penetration in India and is headed towards electrification with a holistic approach, it added.
Hyundai believes that the newly launched Creta Electric will drive phenomenal success, build strong momentum and will be a game-changer in the EV landscape, it said.
The company is also building a strong EV ecosystem in India like localisation, charging infrastructure, etc and along with three more EVs planned in due time, the company is expected to greatly contribute to India’s EV growth story, it added.
Aligned with the aggressive capacity expansion plans from the Pune plant, the company will also be focusing on diversifying its product portfolio, it said.
The company said it will also look to explore opportunities in alternate eco-friendly powertrains.
With access to Hyundai Motor Company’s global powertrain technologies like hybrids, hydrogen, flex-fuel etc., the company believes it is well placed to adapt to any change in demand dynamics and regulatory environment, it added.
Shares of the automaker were trading 0.99 per cent down at Rs 1,627.35 apiece on BSE.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
