New Delhi, May 8 -- Hyundai Motor India Ltd's (HMIL) yearly profit fell for a second straight year in FY26 after its October 2024 listing, as declining domestic sales amid intense competition and higher costs linked to the West Asia war weighed on performance.

In the process, it ceded its position as the country's second-largest carmaker, behind Maruti Suzuki India Ltd, to Mahindra & Mahindra Ltd (M&M), a rank it had held since 2009.

The company announced a capital expenditure of Rs.7,500 crore for the ongoing fiscal year to expand production capacity and support the launch of new models, as it vowed to regain its number two position quickly.

"We have every intention to come back to the number 2 position.We are very passionate about ou...