Hyundai Motor India posts quarterly profit drop on high costs

A Hyundai logo is pictured on the electric Ioniq 5 parked at the National Stock Exchange during the listing ceremony of Hyundai Motor India Limited IPO in Mumbai, India, October 22, 2024. REUTERS/Francis Mascarenhas 30 Jul 2026 05:59PM July 30 : Hyundai Motor India reported a 35.1 per cent drop in first-quarter profit on Thursday, hurt by a jump in costs.The unit of South Korea's Hyundai Motor reported a profit of 8.89 billion rupees ($92.96 million) for the quarter ended June 30, from 13.69 billion rupees a year before.($1 = 95.6300 Indian rupees) Source: Reuters