Hyundai Motor India Q2 Revenue Sets Record as Costs Squeeze Profits
Hyundai Motor India’s revenue topped Rs.20,000 crore for the first time in the September quarter, while rising commodity costs continued to erode profitability for a third straight quarter.
NEW DELHI, Oct. 28 -- Hyundai Motor India Ltd's revenue crossed Rs.20,000 crore for the first time in the September quarter, but rising commodity costs continued to erode profitability, leaving the car maker dependent on price increases, easing input costs and new-model sales to restore margins. Ne…