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.

Hyundai Motor India Limited launches ‘Hyundai Always Around’ campaign to offer seamless Sales, Service, and Exchange solutions to its customers and prospects The day-long event across India

In the mid- to long-term, the company expects a sustained demand momentum in the industry and will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins.

Standalone net profit of the Creta maker fell 16% YoY to Rs 1,338 crore even as revenue decreased 8.3% You to Rs 16,876 crore.