Maruti Suzuki India Partners Hero FinCorp For Retail Financing
- By MT Bureau
- March 09, 2025
Maruti Suzuki India (MSIL), a leading passenger vehicle manufacturer, has inked a Memorandum of Understanding (MoU) with Hero FinCorp to provide tailored financial options for new and pre-owned vehicles.
Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said “At Maruti Suzuki, we always keep our customers at the centre of all our offerings. Collaborating with Hero FinCorp builds on our ability to offer innovative, transparent, and attractive financing solutions that address ever-evolving customer needs for car finance. With this tie-up, MSIL today has over 40 retail finance partners for our customers to choose from, giving them a wide array of finance options to suit their varied needs.”
Abhimanyu Munjal, MD & CEO, Hero FinCorp, stated, “At Hero FinCorp, we’re on a mission to fuel Bharat’s aspirations. This partnership with Maruti Suzuki takes us a step further towards making car ownership easier, more accessible, and truly hassle-free for every Indian. As India trades up, our deep reach in Tier 2, Tier 3 cities, and beyond, combined with seamless digital journeys powered by proprietary tech capabilities, ensures that we continue empowering every Indian’s dream of upward mobility.”
Maruti Suzuki India Posts INR 33.52 Billion Net Profit For Q1 FY2027
- By MT Bureau
- July 31, 2026
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has announced its financial results for Q1 FY2027.
The company reported net sales of INR 499.59 billion, up 36 percent YoY, as compared to INR 366.206 billion for the same period last year. The net profit saw a decline of 10 percent YoY, to INR 33.52 billion, from INR 37.58 billion, on the back rise in material cost due to the ongoing geopolitical situation.
During Q1, the wholesales grew by 29.3 percent YoY, with domestic small car sales seeing 34 percent growth, while SUVs and exports clocked 44.6 percent and 28.6 growth YoY, respectively.
Maruti Suzuki India said its inventory level was at 13 days, despite sales growth on the commissioning of its second plant in Kharkhoda.
The company also has announced an investment of INR 5.61 billion towards setting up 4 compressed biogas (CBG) projects, which would serve as a key learning opportunity to plan future expansion for the same.
Hyundai Motor India Pune Plant Wins 2026 Red Dot Award For Workplace Design
- By MT Bureau
- July 31, 2026
Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has received the 2026 Red Dot Brand & Communication Design Award in the Interior Architecture category for the office space at its Pune manufacturing facility.
The selection represents the first instance of an automotive manufacturing site receiving a Red Dot Award for its administration and employee support facilities. The design layout at the Pune plant combines individual workspaces with open collaboration zones. The office incorporates employee support infrastructure, including a mother care room, dedicated meditation rooms, meeting areas fitted with writing surfaces to address language differences, personal lockers, and central document storage units for paper-based operational workflows.
Architecturally, the building utilises biophilic design elements, including interior landscaping, a central courtyard configuration and upcycled terrazzo flooring. The spatial design was developed following workforce analysis covering employee demographics, gender diversity and team communication patterns.
Tarun Garg, Managing Director & CEO, Hyundai Motor India, said, “Winning the prestigious Red Dot Award is a proud milestone for Hyundai Motor India and for the global manufacturing community. The award-winning facility at our Pune Plant demonstrates how thoughtful workplace design can positively influence collaboration, employee well-being and operational excellence. Every space has been created with our people at the centre, encouraging innovation, inclusivity and sustainability while reflecting Hyundai’s global design philosophy. This recognition reinforces our commitment to building world-class manufacturing ecosystems where exceptional products begin with exceptional workplaces.”
The award acknowledges the integration of administrative facility design within an industrial automotive context, setting standard practices for employee environment design in manufacturing complexes.
Mukundan MS Elevated As Whole-Time Director At Hyundai Motor India
- By MT Bureau
- July 31, 2026
Hyundai Motor India, one of the leading passenger vehicle manufacturers, has strengthened its Board with the elevation of Mukundan MS as Whole-time Director, effective 1 September 2026.
He is a mechanical engineer holding a Master of Business Administration (MBA), currently serves as Function Head of Production in the Chief Manufacturing Officer's office. His career spans 25 years across plant operations and production management, including supervision of capacity expansion at Hyundai's Chennai Plant 1 and integration of mixed internal combustion engine and electric vehicle assembly lines.
In addition, Young Geon Kim has been appointed to a leadership role effective 1 August 2026. Kim possesses three decades of experience in vehicle manufacturing, production technology and plant operations. Having joined Hyundai Motor India in 2025 following senior roles during the setup of Hyundai's Brazil manufacturing plant, he has overseen Genesis production readiness, Chennai plant integration and facility setup initiatives for the company.
On the other hand, Gopalakrishnan CS, Whole-time Director, Hyundai Motor India, is set to retire on 31 August 2026, due to superannuation.
Production & Export Disruption Impact Hyundai Motor India Q1 Profit
- By MT Bureau
- July 30, 2026
Hyundai Motor India, one of the leading passenger vehicle manufacturers, has announced its Q1 FY2027 results with revenue at INR 163 billion in revenue, which was marginally lower than INR 164 billion a year ago.
The EBITDA came at INR 15.11 billion, down 31 percent YoY, while net profit dropped 35 percent YoY to INR 8.88 billion.
Hyundai Motor India stated that fiscal 2027 began robustly, with cumulative sales in April and May growing 13 percent YoY and domestic volumes for the full quarter rose 5.4 percent to 139,374 units. However, a fire at a supplier facility constrained production in June, limiting overall growth. Total sales (including exports) stood at 178,082 vehicles, down 1.3 percent YoY, while exports fell to 38,708 units amid the residual impact of the US-Iran conflict on Middle East shipments and the production halt.
The company reported that its all-new Venue clocked its best-ever quarterly sales in the domestic market, while Aura and Exter attained highest-ever CNG penetration of 95 percent and 32 percent, respectively.
The rural market performed better than urban market, with penetration now reaching at an all-time high of 26 percent.
Supported by production normalisation, festive demand, new launches and capacity expansion, Hyundai Motor India expects to deliver its stated 8–10 percent volume growth guidance for FY2027 while driving sustainable and profitable growth.
Tarun Garg, Managing Director & Chief Executive Officer, Hyundai Motor Indai, said, “Q1 FY2027 was a challenging quarter affected by multiple headwinds impacting volumes and profitability. With 100 percent normalisation of production, coupled with healthy demand environment and upcoming product pipeline, recovery is likely to gain pace from Q2 onwards across both domestic and export businesses. Looking ahead, we remain committed to achieving our stated guidance of 8-10 percent YoY volume growth for both domestic and exports as well as 11-14 percent EBITDA margin in FY27.”
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