Hyundai Posts 4% Drop in Profit, Beats Estimates

Carmaker to drive in 26 new models in next 5 years

- NITIN KUMAR

HYUNDAI MOTOR INDIA on Friday reported a 3.7% year-on-year decline in its consolidated net profit for the January-March quarter at ₹1,614 crore. Despite the drop, the automaker surpassed the Bloomberg estimate of ₹1,332 crore. Revenue from operations during the quarter rose marginally by 1.5% to ₹17,940 crore, also exceeding estimates of ₹17,351 crore.

As it faces declining domestic sales and rising competition, Hyundai Motor unveiled an aggressive pipeline of 26 new models—20 internal combustion engine (ICE) vehicles and six electric vehicles (EVs)—to be launched by FY30 in a bid to revive momentum.