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Business
Hyundai Motor India Q1 Net Profit Declines 35% Amid Export Slump and Supplier Fire
✍️ Business Standard
🗓 30 Jul 2026, 08:39 PM
👁 1
Hyundai Motor India reported a 35% drop in Q1 net profit, citing a sharp decline in exports and a fire at a key supplier that disrupted production.
Hyundai Motor India announced that its net profit for the first quarter fell 35% compared to the same period last year. The company attributed the decline mainly to a significant drop in exports, which had been a major revenue driver. Additionally, a fire at one of its key suppliers disrupted the supply chain, further impacting production and sales. Hyundai Motor India, part of the global Hyundai Motor Group, said it is working to mitigate the effects of the incident and restore normal operations.