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.

Hyundai Motor India share price extended its weakness after the automaker reported its Q2 results. Hyundai India share price was down for the third day in the row, with the stock losing nearly 7% in three sessions.

To support its growing demand, Hyundai recently expanded its production capacity by acquiring a new plant in Pune.

Hyundai Motor India Limited launches ‘Hyundai Always Around’ campaign to offer seamless Sales, Service, and Exchange solutions to its customers and prospects The day-long event across India

Looking ahead, the company anticipates better performance owing to the new launch of Creat EV in January, along with the recent launch of new variants of the Venue and Alcaazar models.

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 shares fell 5% after the country's second largest car-maker reported a drop of 16% in its profits for Q2 FY25. The auto stock has corrected 13% from its all time high. What should investors do?

HMIL stock dropped 0.98 per cent to Rs 1,804.45 per share on the BSE, a sizeable decline from its listing price of Rs 1,931 per share

When comparing Hyundai Motor India with Maruti Suzuki, which is its closest peer, MOFSL said while both OEMs are very close in competency and future growth potential, but it likes HMC’s technological prowess in emerging technologies .