Hyundai Motor posted Q1 consolidated operating profit of 2.5 trillion won, 31% lower YoY but 48% higher QoQ.
Decline driven by weaker sales volumes, rising input costs, higher incentive spending and increased warranty provisions.
Offsetting factors were higher hybrid electric vehicle mix and favorable foreign‑exchange movements.
Hyundai plans an improved product cycle in H2 2026 and to expand its hybrid EV lineup despite limited near‑term visibility.