India, July 24 -- German automotive major Volkswagen AG reported Friday lower profit in its second quarter as production and sales volume were hurt, mainly by China. However, sales revenues were higher than last year.
Going ahead, the firm said it stays on track in challenging environment and expects improved margin in the second half of the year. Further, the firm maintained fiscal 2026 margin view, but trimmed revenue growth forecast.
On the XETRA in Germany, the shares were losing around 0.34 percent, trading at 73.60 euros.
Oliver Blume, CEO Volkswagen, stated, "For the full year, we expect a robust performance above the prior year in a challenging environment - even though our operating result in the first half was around 12 percent...