Hyundai Motor India Ltd (HMIL) faced a challenging fiscal year 2026, with its consolidated net profit declining 4% to ₹5,432 crore. This marks the second consecutive year of profit decline for the company, which has lost its long-held position as the second-largest carmaker in India to Mahindra & Mahindra Ltd. The decline in profit was driven by intense competition and rising costs associated with the ongoing conflict in West Asia. Domestic sales fell by 2.3% to 584,906 units, while overall revenue grew by 2% to ₹70,763 crore, largely supported by a 16% increase in exports to 190,125 cars. Hyundai's managing director and CEO, Tarun Garg, expressed the company's commitment to reclaiming its number two position in the market and announced a capital expenditure of ₹7,500 crore for the current fiscal year to expand production capacity and support new model launches. Despite the challenges, the company anticipates domestic sales growth of 8-10% due to recent GST cuts and new model introductions. However, export growth is expected to slow due to geopolitical uncertainties affecting the Middle East market.