Bengaluru, June 25 -- India's passenger cars and utility vehicles sector saw robust growth in 2024, with total passenger vehicle sales reaching around 43 lakh units, up 4.2% from the previous year. Utility vehicle sales surged to 25.2 lakh units, reflecting the segment's rising dominance, while the overall automotive market was valued at $121.5 billion in 2024.

With a market capitalization of Rs 1.72 lakh crore, the shares of Hyundai Motor India Ltd closed at Rs 2,125.20 per share, increased around 2.56 percent as compared to the previous closing price of Rs 2,072.10 apiece.

As per the brokerage, Hyundai Motor India's (HMIL) capacity expansion will drive a strategic shift. HMIL, a subsidiary of Hyundai Motor Company (HMC), is India's se...