Introduction:
Major automobile manufacturer is set to install nearly 600 public EV fast charging stations across India over the next 7 years. The initiative aims to support sustainable mobility and address long-distance EV commuting concerns by 2024.
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Share price movement of Hyundai:
On December 9, 2024, Hyundai Motor India Ltd opened at ₹1,850.05, down 0.58% from its previous close of ₹1,860.90. The stock reached a high of ₹1,870.35 (0.51%) and a low of ₹1,827.90. By 2:30 PM, it traded at ₹1,829.65, a 1.68% decrease, with a market cap of ₹1,48,666.58 crore.
Hyundai expands EV charging network:
Hyundai Motor India Limited (HMIL) has announced plans to install nearly 600 public EV fast charging stations across the country over the next 7 years. By December 2024, HMIL aims to establish a network of 50 fast charging stations.
This initiative is part of HMIL’s commitment to sustainable mobility and supports India’s shift to cleaner energy. The network will be strategically located along key highways and major cities to address concerns about long-distance EV commutes due to limited charging infrastructure.
To date, HMIL’s charging network has served over 10,000 customers, dispensing 7.30 lakh units of energy. HMIL has also partnered with the Tamil Nadu government to set up 100 charging stations by 2027, with 10 stations expected to be operational by 2024.
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Recent news on Hyundai:
As of December 05, 2024, Hyundai Motor India announced a price hike of up to ₹25,000 across its car models starting January 2025, citing rising input costs and supply chain disruptions impacting profitability.
Stock performance of Hyundai for Period of 1 week and 1 month:
Hyundai Motor India Ltd delivered mixed returns recently, with a 1.19% decline over the past week but a positive 1.00% gain over the past month, showcasing slight resilience in its stock performance amidst market fluctuations.
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Shareholding pattern of Hyundai:
| All values in % | Oct 2024 |
| Promoter | 82.50% |
| FII | 7.40% |
| DII | 5.80% |
| Public | 4.40% |
About Hyundai:
Hyundai Motor India Ltd (NSE: HYUNDAI) is India’s second-largest car manufacturer and top passenger car exporter. It produces 13 models, including sedans, SUVs, and EVs, from its state-of-the-art Chennai facility.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
