Hyundai vehicles will cost up to Rs 25,000 from the new year. The company has decided to increase prices due to increase in input cost, exchange rate and logistics. The increased rates will be applicable on all the company's models from January 1, 2025.
Tarun Garg, Whole Time Director and Chief Operating Officer, Hyundai Motor India Limited (HMIL), said, 'Our endeavor at the company has always been to pocket as much of the incremental cost as possible, so that our customers are not affected. However, due to continuous increase in input costs, marginal adjustments in prices have become necessary.
Hyundai's sales fell 7% and exports fell 20% in November.
Hyundai sold a total of 61,252 units in November, down 7% from the same period last year. In November last year, the company sold 65,801 vehicles.
At the same time, this decrease in the domestic market is 2%. The company sold 49,451 cars in the Indian market in November 2023, which declined to 48,246 in November 2024.
Apart from this, last month the company's exports decreased by 20%. The company managed to sell only 13,006 vehicles in the overseas market in November this year as against 16,350 last year.
The company's profit fell by 16% in the July-September quarter
Hyundai Motor India in the second quarter of the financial year 2024-25 Rs. 1,375 crore in consolidated net profit. It has decreased by 16.5% year-on-year. In the same quarter a year ago, the company posted Rs. 1,628 crore profit was made.
Operational income in the July-September quarter was Rs. 17,260 crores. In the same quarter a year ago, it was Rs. 18,639 crores. It has decreased by 7.39% year-on-year. The amount received from the sale of goods and services is called revenue.
Hyundai India's total revenue down 8.34%
Hyundai India's total revenue in the July-September quarter fell 8.34% year-on-year to Rs. 17,452 crores. The total revenue of the company in the second quarter of the financial year 2023-24 was Rs 19,042 lakh crore.
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