Hyundai Motor India Q2 Profit Falls 24% as Costs Rise
Hyundai Motor India reported profit after tax of 11.96 billion rupees for the quarter ended September 30, versus 15.72 billion rupees a year earlier. The company attributed the decline to rising raw-material prices.
Hyundai Motor India NSE:HYUNDAI reported a nearly 24% profit fall for the second quarter on Wednesday, as rising prices of raw materials weighed.The automaker reported profit after tax of 11.96 billion rupees ($125.65 million) in the quarter ended September 30, compared to 15.72 billion rupees in…