Hyundai India net profit grows 21.5% in 2018-19 despite slow down

The company achieved its highest ever wholesale sales volume--of 52,001 units--in October 2018.

Hyundai Motor India Ltd (HMIL) on Tuesday reported a 21.5 per cent growth in net profit in 2018-19, bucking a slowdown hurting the domestic passenger car sales across the industry.

The company reported Rs 2,581.7 crore as net profit in 2018-19, compared to Rs 2,124.2 crore a year ago. Overall sales rose by around 3 per cent to 7.1 lakh units from 6.9 lakh last year. HMIL sales in the domestic market increased to 5.45 lakh units during 2018-19, from 5.36 lakh units. It was a 2 per cent growth, said the company in its annual return filed with the Ministry