Hyundai Motor Posts Record Q1 2026 Revenue of KRW 45.94 Trillion

JAKARTA, Jakartaweekly.com — Hyundai Motor Company recorded its highest-ever first-quarter revenue in Q1 2026, driven by strong hybrid vehicle sales and solid performance from high-value models.

According to a press release received by Jakartaweekly.com, Hyundai posted revenue of KRW 45.94 trillion, up 3.4 percent compared to the same period last year.

“This achievement reinforces Hyundai’s competitiveness amid rising global demand for electrified vehicles and premium segments,” the company stated on Friday, May 8, 2026.

Hyundai also reported that its EV sales in the first quarter of 2026 increased 14.2 percent year-on-year to 242,612 units. This performance was supported by strong sales of both EV and HEV models, which recorded 58,788 units and 173,977 units, respectively.

Electrified vehicles accounted for 24.9 percent of Hyundai Motor’s total global sales, while hybrid electric vehicles contributed 17.8 percent. Both figures marked the company’s highest quarterly records of all time.

“These results demonstrate the market’s accelerating shift toward high-value EV models while reinforcing Hyundai’s leadership in the electrification sector,” the statement added.

Hyundai also expanded its global market share from 4.6 percent to 4.9 percent. In the United States, Hyundai’s market share rose from 5.6 percent to 6 percent, reflecting stronger competitiveness in one of the world’s largest automotive markets.

The U.S. market remained a major growth driver, with sales increasing 0.3 percent to 243,572 units, amid weakening performance in several other global markets.

Hyundai Profit Declines

Despite record revenue, Hyundai’s operating profit fell 30.8 percent year-on-year to KRW 2.51 trillion, primarily due to the impact of U.S. tariffs during the period.

The company’s net profit also declined 23.6 percent to KRW 2.58 trillion, with an operating profit margin of 5.5 percent.

Hyundai’s global wholesale sales from January to March 2026 totaled 976,219 units, down 2.5 percent from the previous year due to slowing global demand amid geopolitical uncertainty.

Sales outside South Korea also declined 2.1 percent to 817,153 units, while domestic sales in South Korea fell 4.4 percent to 159,066 units ahead of the launch of several key new models throughout 2026.

(Read Jakartaweekly.com news on Google News)