Hyundai India's Q2 profit drops 24% on high commodity costs

Hyundai Motor India's net profit for the September quarter fell 24% to ₹1,196 crore, hit by high commodity costs. Revenue stood at ₹20,696 crore, and the company recorded a new sales milestone. Hyundai expects momentum to pick up in the second half, with the launch of the Bayon marking the start of what it calls a golden product cycle.