India, April 25 -- South Korean automaker Hyundai Motor Co warned on Thursday of intensifying competition and uncertain global economic conditions after posting a 2.4 per cent drop in quarterly profit, hit by a domestic sales plunge. Hyundai's cautious outlook and weak performance contrast with bullish forecasts from its U.S. rivals such as General Motors and Ford Motor Co who this week reported strong profit growth thanks to stable pricing and demand for gasoline-engine vehicles.

The once-stellar performer that outdid rivals during the severe global economic downturn more than a decade ago is now facing strong near-term headwinds from its shrinking exposure to China and faltering demand in South Korea. "We expect competition among autom...