Hyundai Motor India sees Q1 EBITDA beat estimates; Nomura maintains Buy, raises target price to Rs 2,498

Nomura maintains 'Buy' on Hyundai Motor India and raises target price to Rs 2,498.

Hyundai Motor India's Q1 EBITDA beat estimates.

Nomura expects Hyundai Motor India to outperform the broader market from the second half of FY27 as the new product cycle begins.