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.
4 months ago
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