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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai Motor Company    A005380   KR7005380001

HYUNDAI MOTOR COMPANY

(A005380)
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India's October car, motorbike sales skid as dealers caution over stock

11/09/2020 | 06:40am EST
A view shows cars parked during lockdown by the authorities to limit the spreading of coronavirus disease (COVID-19), in New Delhi

NEW DELHI (Reuters) - Retail car sales in India fell by 8.8% in October and motorbikes by 26.8% from a year ago, with purchasing slow to recover from the effects of the ongoing COVID-19 pandemic, data released by automobile dealers on Monday showed.

The sales numbers, based on vehicles registered in the country, were higher than September as more people visited car showrooms, but the Federation of Automobile Dealers Association (FADA) warned that momentum is slow.

New cars fared better than older models, entry-level motorcycles saw poor demand and discounts offered by automakers in October 2019 were higher - all of which affected sales this year, FADA President Vinkesh Gulati said in a statement.

Sales last year were also higher because the festive season ended in October, whereas this year it includes November, he added.

Automakers typically stock up dealerships ahead of major festivals, that begin in September and run until October or November, during which Indians make large purchases.

Companies including Maruti Suzuki, Hyundai Motor and Hero MotoCorp reported strong dealer demand in October in anticipation of high sales in the run up to the festival of Diwali this week.

The chairman of Maruti Suzuki told reporters last month that while India's leading carmaker expects strong sales between October and December, it would be hard to predict the situation from January.

FADA has asked automakers to realign their production after Diwali based on actual inventory levels so dealers are not left holding a large stock at the end of the year.

The average inventory with dealers for passenger vehicles is about 35-40 days worth of sales, while for motorbikes and scooters it is higher at 50-55 days, FADA said, which is higher than the 15 days worth of stock dealers held earlier this year.

(Reporting by Aditi Shah; Editing by Alexander Smith)

By Aditi Shah


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HERO MOTOCORP LIMITED -1.84% 3205 End-of-day quote.3.08%
HYUNDAI CORPORATION -2.27% 17250 End-of-day quote.8.15%
HYUNDAI MOTOR COMPANY -4.19% 240000 End-of-day quote.25.00%
MARUTI SUZUKI INDIA LTD -1.53% 8024.75 Delayed Quote.6.53%
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Financials
Sales 2020 103 985 B 94,2 B 94,2 B
Net income 2020 1 875 B 1,70 B 1,70 B
Net Debt 2020 57 348 B 52,0 B 52,0 B
P/E ratio 2020 32,6x
Yield 2020 1,57%
Capitalization 50 732 B 46 009 M 45 963 M
EV / Sales 2020 488x
EV / Sales 2021 441x
Nbr of Employees -
Free-Float 71,0%
Chart HYUNDAI MOTOR COMPANY
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Hyundai Motor Company Technical Analysis Chart | A005380 | KR7005380001 | MarketScreener
Technical analysis trends HYUNDAI MOTOR COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 27
Average target price 264 518,52 KRW
Last Close Price 240 000,00 KRW
Spread / Highest target 66,7%
Spread / Average Target 10,2%
Spread / Lowest Target -41,7%
EPS Revisions
Managers and Directors
NameTitle
Eui-Sun Chung Chairman & Co-Chief Executive Officer
Won-Hui Lee Co-President, Co-CEO & Director
Eon-Tae Ha Co-Chief Executive Officer & Director
Chang Jae-hoon Co-President & Co-Chief Executive Officer
José Munoz Global Chief Operating Officer
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