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.

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.

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

Standalone net profit of the Creta maker fell 16% YoY to Rs 1,338 crore even as revenue decreased 8.3% You to Rs 16,876 crore.

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?

In the mid- to long-term, the company expects a sustained demand momentum in the industry and will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins.

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 .