COO Tarun Garg noted that SUVs remain the preferred choice for buyers, with many upgrading within the brand or shifting from hatchbacks, adding that the new Venue positions Hyundai well to capture this growing demand.
30 Oct 2025 | 5570 Views | By Prerna Lidhoo and Darshan Nakhwa
As Hyundai Motor India prepares to launch the second-generation Venue compact SUV on November 4, 2025, the company has achieved its highest-ever SUV share at 71.1% of its domestic sales. Despite muted overall sales in the second quarter, Hyundai’s profitability showed a notable uptick. The company’s net profit rose 14.3% ...
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As Hyundai Motor India prepares to launch the second-generation Venue compact SUV on November 4, 2025, the company has achieved its highest-ever SUV share at 71.1% of its domestic sales. Despite muted overall sales in the second quarter, Hyundai’s profitability showed a notable uptick. The company’s net profit rose 14.3% year-on-year to ₹1,572.25 crore for the quarter ended September 30, while revenue increased 1.16% to ₹17,460.82 crore.
Hyundai’s leadership remains optimistic about sustaining growth momentum through a strong product cycle and favorable market conditions.
“We expect the industry to grow at around 5.5% CAGR, but we can beat that at 7% CAGR, driven by a very strong product cycle. In the immediate term, GST has given a big boost. Comparing September and October, we’re expecting a 20% increase in retails on average. Segment-wise, Exter plus Venue have grown by 31%. Maximum traction is coming from this segment. According to research, 80% of car buyers have said that they would like to upgrade using the tax relief. SUVs remain the most popular choice: 60% of buyers plan to upgrade to higher variants within the same brand, and 46% have shifted from hatchbacks to SUVs. With the new Venue coming, HMIL will be well-positioned to cater to this kind of demand scenario. There’s headroom for an even further increase,” said Tarun Garg, COO at Hyundai Motor India.
He added that the combined performance of Hyundai’s Exter and Venue models has been instrumental in driving SUV dominance within the company’s portfolio. The new Venue’s launch is expected to further consolidate Hyundai’s presence in India’s most competitive segment. It marks a strategic expansion of Hyundai’s product range, introducing a diesel automatic powertrain for the first time in the model’s lineup. The move directly responds to rising consumer demand for diesel automatics in the compact SUV segment, reaffirming Hyundai’s commitment to offering a diverse set of options to Indian buyers, the company said.
Hyundai’s Managing Director Unsoo Kim said the broader policy environment and consumer sentiment have created tailwinds for sustained growth. “GST has set the tone for sustained industry momentum, and there has been a positive shift in customer sentiment. The remarkable increase in sales in the last quarter has partially offset the muted demand caused by postponed purchases. Our product launch is coming at the right time, coinciding with the market momentum. We aim to keep pace with the industry’s growth momentum for this year,” said Kim.