
Hyundai Motor India beats quarterly profit view

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Hyundai Motor India reported a smaller-than-expected fourth-quarter profit drop, with a consolidated profit of 12.56 billion rupees ($132.96 million) for the quarter ended March 31, down from 16.14 billion rupees a year earlier. Analysts had anticipated a profit of 12.37 billion rupees. The results were bolstered by strong domestic and overseas demand for high-margin sports utility vehicles.
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