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Exports, cheaper steel help Hyundai beat Q2 India blues
Mint New Delhi
|October 31, 2025
A surge in exports and lower steel prices helped Hyundai Motor India Ltd offset a slump in domestic sales to report better profit and margins for the July-September quarter.
Hyundai's Q2 profit rose 14% y-o-y to ₹1,572 crore.
Domestic sales of India’s third-largest carmaker were washed out as consumers delayed purchases after 15 August in anticipation of a goods and services tax cut announced by Prime Minister Narendra Modi. A surge in sales after 22 September, when the new GST rate of 18% became effective on most cars, offset some of the volume impact, but couldn’t fully compensate for the lost sales during the quarter.
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