[Breaking] Hyundai Motor lowers 2026 sales target to 4 million vehicles from 4.16 million

Hyundai Motor disclosed on the 29th that it has updated its "2026 Guidance," which was released at the beginning of the year, to reflect changes in the business environment and other factors. The company lowered its annual automobile sales target from 4.16 million units to 4 million units. It also reduced its operating profit margin target for this year on a consolidated basis from 6.3% to 7.3% to a range of 5.5% to 6.5%. Additionally, the company adjusted its investment plan for this year from the previous 17.8 trillion won to 16 trillion won.