Hyundai Motor Q1 Profit Down 31% YoY

Hyundai Motor posted Q1 operating profit of 2.51 trillion won, a 31% YoY decline from 3.63 trillion won, missing forecasts.
Revenue rose 3.4% to 45.9 trillion won, while net profit fell 23.6% to 2.6 trillion won, pressured by currency and tariffs.
CEO Jose Munoz warned Middle East sales won’t recover due to US‑Israel war on Iran, adding cost pressure from 15‑20% US tariffs.
Hyundai is expanding U.S. manufacturing capacity and relies on India and South Korea as its second and third largest markets.