Mumbai: Hyundai Motor, South Korea’s largest carmaker that produces a car every 33 seconds, has recorded its highest-ever profit and turnover in India in FY18 cushioning the carmaker from pressures in key markets of US, Europe, and China.
Hyundai Motor India’s turnover grew 5% to $5.8 billion for FY18 with profit after tax swelling 8% to $300 million.
In a market that grew 8%, Hyundai India’s domestic sales grew just 5% in FY18 to 5.4 lakh units. However, a rich model mixes and hi...