Hyundai Motor India , the country's second-biggest carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and exports, its first earnings report since listing showed on Tuesday.

Maruti Suzuki, a dominant force in the passenger vehicle (PV) segment, continues to leverage its expansive portfolio and widespread dealership network to maintain market leadership. On the other hand,

To support its growing demand, Hyundai recently expanded its production capacity by acquiring a new plant in Pune.

Looking ahead, the company anticipates better performance owing to the new launch of Creat EV in January, along with the recent launch of new variants of the Venue and Alcaazar models.

Hyundai Motor India share price extended its weakness after the automaker reported its Q2 results. Hyundai India share price was down for the third day in the row, with the stock losing nearly 7% in three sessions.

Reliance Power, Nykaa, 3M India, Sula Vineyards, BASF India, Natco Pharma, and Rattanindia Enterprises are among other firms expected to announce earnings today.

Domestic sales accounted for 1,49,639 units, marking a 5.75 percent decline year-on-year, while exports stood at 42,300 units.

Hyundai Motor India shares fell 5% after the country's second largest car-maker reported a drop of 16% in its profits for Q2 FY25. The auto stock has corrected 13% from its all time high. What should investors do?

When comparing Hyundai Motor India with Maruti Suzuki, which is its closest peer, MOFSL said while both OEMs are very close in competency and future growth potential, but it likes HMC’s technological prowess in emerging technologies .