Hyundai Motor's Q3 Revenue Hits 27.5758 Trillion KRW, Up 2.3% YoY (2nd Report)
[Asia Economy Reporter Kim Ji-hee] Hyundai Motor Company announced on the 26th that its sales revenue for the third quarter of this year reached 27.5758 trillion won, a 2.3% increase compared to the same period last year. Operating loss for the same period turned to a deficit of 313.8 billion won.
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Global market sales volume was recorded at 997,842 units, a 9.6% decrease compared to the same period last year. In the domestic market, despite the impact of the novel coronavirus infection (COVID-19), sales increased by 21.9% compared to the same period last year, reaching 199,051 units, due to demand recovery from the extension of the individual consumption tax reduction and strong sales of new models such as the GV80, G80, and Avante. On the other hand, overseas sales decreased by 15% compared to the previous year, with 798,791 units sold, as demand declined in all regions except for some markets such as China and India.
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