Hyundai Motor India's Q3 profit falls on lower domestic car sales, exports

Total car sales fell 2.4% year-over-year, which dragged revenue down by 1.3% to 166.48 billion rupees. Hyundai Motor's exports slid 7.5% in the quarter, as the Red Sea crisis continued to impact exports to the Middle East, one of its largest markets. The company sells just over three-fourths of its cars in India, one of the largest markets for the parent company Hyundai outside South Korea and where its 14% market share trails only Maruti Suzuki's 40%.