Hyundai Motor India, the country’s second-biggest carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and exports, its first earnings report since listing showed on Tuesday.

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The ‘Creta’ SUV manufacturer said its standalone profit dropped to 13.38 billion rupees ($158.6 million) in the second quarter ended Sept. 30, from 16.02 billion rupees in the year earlier period.