May 8 : Hyundai Motor India reported a smaller-than-expected fourth-quarter profit drop on Friday, aided by strong domestic and overseas demand for its high-margin sports utility vehicles.
The unit of South Korea’s Hyundai Motor reported a consolidated profit of 12.56 billion rupees ($132.96 million)for the quarter ended March 31, from 16.14 billion rupees a year before.
Analysts, on average, had expected profit to fall to 12.37 billion rupees, per data compiled by LSEG.
($1 = 94.4625 Indian rupees)
