Hyundai Motor India posts quarterly profit drop on high costs
Hyundai Motor India posts quarterly profit drop on high costs July 30 (Reuters) - Hyundai Motor India HYUN.NS reported a 35.1% drop in first-quarter profit on Thursday, hurt by a jump in costs.
The unit of South Korea's Hyundai Motor 005380.KS reported a profit of 8.89 billion rupees ($92.96 million) for the quarter ended June 30, from 13.69 billion rupees a year before.
($1 = 95.6300 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Janane Venkatraman)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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