Hyundai Motor India: From GST cut to new launches, Nomura lists 3 factors powering upside
Nomura maintains a 'Buy' rating and target price of Rs 2,846 for Hyundai Motors India, expecting a 4.55% upside. The company is set to benefit from a strong model cycle and a rising SUV mix, with a 50% jump in bookings after the GST reduction. Hyundai Motor Company aims for 55 lakh units by 2030, with India contributing 15%. 26 new models are planned to be launched by Hyundai India by 2030.