Hyundai Motor India (HYUNDAI) Q4 20/21 earnings summary

Executive summary

• India’s second-largest carmaker and top car exporter since inception, with 12 models, exports to ~85 countries, 544 dealers and 1,355+ service points.

• Produced over 1 crore cars to date; manufacturing and export operations are supported by an integrated plant near Chennai.

Outlook and guidance

• Alcazar, a locally developed 6- and 7-seat premium SUV for India and global markets, was unveiled ahead of its planned market arrival in the coming months.

• A 10 MW rooftop solar project was planned to lift renewable power use to 89%; RE100 commitment targets 100% renewable power by 2025.

• A technical skills centre is planned to train 5,000 youth; design was expected to finish in 2021 and construction to begin in 2022.

Risk factors and uncertainties

• COVID-19 lockdown disrupted factory operations; production restarted in stages on 7 May 2020 under social-distancing and health protocols.