Hyundai Motor India Ltd

Hyundai Motor India’s shares have surged 3% after Goldman Sachs initiated coverage with a ‘buy’ rating, citing the company’s growth potential in the SUV segment and electric vehicle market.

Hyundai Motor India Ltd navigated a week of significant financial developments, including a tax demand notice and a director reappointment, amidst positive market trends and international trade agreements.

Hyundai Motor India’s shares surged to a new lifetime high, driven by ambitious export plans and a promising growth forecast, as the company aims to become the largest export hub outside South Korea.

Hyundai Motor India has made strategic moves, including a divestment from Ola Electric and a focus on exports, to navigate market volatility and adapt to changing consumer preferences and regulatory environments.

Hyundai Motor India’s stock surged 2.06% to Rs 1837.00, driven by market confidence and a ‘Very Bullish’ sentiment analysis, positioning the company for growth in the Indian automotive market.

Hyundai Motor India shares rose 2.06% as the company’s stock benefited from positive market sentiment, amidst a growing passenger vehicle market in India.