Hyundai Motor India's Q2 profit drops 17% as sales decline

Quick Summary:

Hyundai Motor India reported a 16.5% decrease in quarterly profits, marking its first earnings report since going public.

The decline was attributed to reduced domestic sales and exports.

The company's overall sales volume, including exports, experienced a 9% drop, resulting in a 7.5% decline in revenue, reaching 169.61 billion rupees.

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Article Details

Author / Journalist: Reuters

Category: EconomyBusiness

Markets: India

Topics: Hyundai Motor India Business news Market share Car sales decline Financial results Q2 profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 01:55:58 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23557884

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