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Exports, cheaper steel help Hyundai beat Q2 India blues

Mint Chennai

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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.

- Nehal Chaliawala

Exports, cheaper steel help Hyundai beat Q2 India blues

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.

Sales remained strong through the festive period in October, the company’s management said after reporting the second quarter earnings. It is bullish on the sales momentum continuing through the rest of the quarter.

MEER VERHALEN VAN Mint Chennai

Mint Chennai

Hospitals ramp up against chem risks

Driven by the escalating risks of rapid industrial expansion, India is rolling out major new public health measures to combat chemical emergencies, which significantly enhance hospitals’ response to local chemical threats and improve their capacity to manage a sudden surge of patients, as per officials and documents reviewed by Mint.

time to read

1 min

October 31, 2025

Mint Chennai

Mint Chennai

Speed up development in states that need to catch up with others

India's lagging states have little space for fiscal expansion but could make public spending on social schemes more efficient

time to read

4 mins

October 31, 2025

Mint Chennai

Mint Chennai

Rate shocks in Asia show why economists should be sceptics

The words of governors may not reflect underlying considerations

time to read

3 mins

October 31, 2025

Mint Chennai

Mint Chennai

Trump meets with Xi, declares immediate cut to tariffs

U.S.-China summit offers relief to both sides while high-stakes rivalry carries on

time to read

5 mins

October 31, 2025

Mint Chennai

Lodha Developers Q2 profit rises 87%

Lodha Developers Ltd’s net profit jumped 86.6% jump to ₹789.8 crore in the July-September quarter, against ₹423.1 crore in the corresponding year-ago period.

time to read

1 min

October 31, 2025

Mint Chennai

The upliftment of Bihar calls for an entirely new policy approach

Political parties are promising giveaways but appear unable to focus on the basics of development

time to read

3 mins

October 31, 2025

Mint Chennai

Mint Chennai

Fed divisions reveal new caution over continued cuts

Federal Reserve Chair Jerome Powell delivered a blunt message for investors who have assumed the central bank would be on cruise control toward a third rate cut in December: Not so fast.

time to read

4 mins

October 31, 2025

Mint Chennai

Europe winter, Russia damage to lift petro-products demand

continue in months ahead.

time to read

2 mins

October 31, 2025

Mint Chennai

Where technology ambition meets capital crunch

India’s technology sector stands at a critical inflection point— flush with talent, buzzing with innovation, but still searching for the capital and policy vision to match its ambition.

time to read

4 mins

October 31, 2025

Mint Chennai

boAt’s post-IPO dream of a premium avatar to face a tough reality

Five years ago, during the covid-19 pandemic, a crop of homegrown electronics brands flooded the market with near-identical smartwatches and wireless earbuds as they vied to offer the cheapest versions of these products.

time to read

2 mins

October 31, 2025

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