Hyundai Motors India reports 8% decline in June quarter net profit at Rs 1,369 crore

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Hyundai Motor India's net profit fell by 8% to Rs 1,369.23 crore in the first quarter. Revenue also decreased by 5%. Export volumes increased by 13%, offsetting weak domestic growth. Rural sales contributed significantly. The company started engine production in Pune. They anticipate a recovery in domestic demand due to monsoon and festive season. Hyundai shares closed down by 0.