Hyundai Motor India reports a 16% drop in net profit and faces sales decline amid market challenges.

Hyundai Motor India reported a 16% drop in net profit to Rs 1,375 crore and a 7.5% decrease in revenue to Rs 17,260 crore for the quarter ending September 2024. Sales declined by 5.75% year-over-year to 1.92 lakh units, with SUVs being a strong segment. Despite market challenges, the company maintained profitability through cost controls. Hyundai plans to launch the Creta EV soon, aiming to balance volume, market share, and margins.

November 12, 2024
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