Hyundai Motor India , the country's second-biggest carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and exports, its first earnings report since listing showed on Tuesday.

In the mid- to long-term, the company expects a sustained demand momentum in the industry and will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins.

(Reuters) -Hyundai Motor India, the country's second-biggest carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and exports, its first earnings report since listing showed on Tuesday. The company's shares ...

Standalone net profit of the Creta maker fell 16% YoY to Rs 1,338 crore even as revenue decreased 8.3% You to Rs 16,876 crore.

Domestic sales accounted for 1,49,639 units, marking a 5.75 percent decline year-on-year, while exports stood at 42,300 units.

Hyundai Motor India Ltd, which recently completed India’s largest IPO to date, released its September quarter financial results on. The South Korean auto giant’s Indian arm reported a notable decline in profits,