Hyundai Motor India's Q2 profit falls 24% on rising commodity costs

Hyundai Motor India's quarterly profit fell about 24% to Rs 1,196 crore from Rs 1,572 crore a year earlier, as costlier copper and steel squeezed margins. Revenue still crossed Rs 20,000 crore in a quarter for the first time, reaching Rs 20,696 crore, helped by strong demand after last year's GST cuts. Expenses jumped 24% to Rs 19,302 crore.