Hyundai India reported ₹1,369 crore profit in Q1 FY26, beating expectations.
Domestic sales dipped 12% YoY, but exports grew 13%, offsetting the decline.
China’s rare earth magnet ban hasn’t significantly impacted component supplies yet.
Hyundai expects export growth of 7–8% in FY26, driven by global demand.
Despite strong earnings, the stock slipped ~0.7%, weighed by global risk sentiment.
Rival automakers caution long-term magnet shortages could emerge soon.
India is fast-tracking plans to build local rare earth supply chains.
Companies are prioritizing exports to balance domestic slowdowns.