Hyundai Q3 net profit falls 24.2% as global volume slides

· Automotive & EV · South Korea

Hyundai Motor reported a 24.2% decline in third-quarter net profit, with revenue down 3.4% to 45.11 trillion won. The South Korean automaker's margin was supported by another quarter of favorable foreign-exchange movements even as volume and revenue continued to weaken. The results reflect pressure on global automakers from soft demand in key markets, with the company's profitability leaning on currency effects rather than underlying sales growth.

Why it matters：Hyundai's reliance on currency gains to cushion falling volumes illustrates how weak global demand is squeezing automaker earnings beyond China.

Key points

  • Net profit fell 24.2% year over year.
  • Revenue declined 3.4% to 45.11 trillion won.
  • Favorable forex movements supported the profit margin.

Sources (original reporting)

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