South Korean automaker Hyundai Motor Firm reported a 20.5% drop in internet earnings to KRW 2.548 trillion (US$1.8 billion) within the third quarter of 2025, down from KRW 3.2 trillion in the identical interval final 12 months, with the imposition of import tariffs by the US authorities persevering with to weigh on the corporate’s backside line. Working revenue fell by 29.1% to KRW 2.537 trillion.
The US authorities launched a 25% tariff on South Korean imports in April, with the automaker unable to go on the entire price will increase to its clients. The tariff charge was lately negotiated down to fifteen% following extended conferences between the 2 governments, bringing it consistent with US duties on imports from Japan and the European Union.
Hyundai expects the decrease auto tariffs to permit it to “compete on a extra degree enjoying discipline” with different international automakers within the US market.
The automaker reported a 2.6% year-on-year improve in international car deliveries to 1.038 million throughout the quarter, whereas revenues rose by 8.8% to KRW 46,721 billion, helped by an improved product combine and beneficial forex trade charges. SUV gross sales rose by nearly 9% to 659,000 models, whereas gross sales of electrified autos (together with SUVs), rose by 25% to 252,000 models.
Home wholesale deliveries rose by 6.3% year-on-year to 181,000 models within the third quarter, whereas US gross sales rose by 2.4% to 257,000 models, and European gross sales had been up by 7.9% at 150,000 models.
“Hyundai’s revenue falls 20% in Q3 on US tariffs” was initially created and printed by Simply Auto, a GlobalData owned model.
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