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Hyundai Motor India posts quarterly profit drop on high costs

Hyundai Motor India posts quarterly profit drop on high costs

- 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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