
CosmicTaco
Hyundai Motor India Reports 19% Profit Decline in Q3
- Hyundai Motor India reported a 19% decline in consolidated profit after tax for Q3, down to Rs 1,161 crore, due to subdued demand and geopolitical factors.
- Total revenue from operations fell to Rs 16,648 crore, with a 2% dip in passenger vehicle sales to 186,408 units, including strong SUV segment performance.
- Despite challenges, Hyundai remains optimistic about growth, focusing on EV penetration and alternative eco-friendly powertrains, with the newly launched Creta Electric expected to be a game-changer.
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