Hyundai Motor India enters coverage with a BUY recommendation from ICICI Securities, backed by a target price of Rs 2,150, implying an upside potential of roughly 21% from the current market price

Hyundai Motors India (HMIL) has emerged as a structurally resilient auto player, balancing growth ambitions with disciplined profitability.

ICICI Securities has reiterated a BUY call on Hyundai Motor India (HMIL), citing resilient execution in Q3FY26 despite near-term margin pressures linked to capacity expansion.

Tata Motors, Hyundai Motor India, Hero MotoCorp and other automobile companies were in high demand after Indian government's plan to reduce GST tax slabs.

Kotak Institutional Equities has issued a BUY recommendation for Hyundai Motor India, setting a 12-month fair value of Rs2,050 per share.

Tata Motors and Hyundai Motor India reported decline in sales while Mahindra & Mahindra continues to grow its numbers.