New Delhi, Feb. 2 -- Hyundai Motor India Ltd is looking forward to a steady growth path, as profits rose for the second straight quarter on the back of higher rural sales, growing exports and rising sales of high-margin sports utility vehicles (SUV). The company expects the growth momentum to continue in the March quarter, with its upgraded Venue SUV already securing more than 80,000 bookings.

The Indian arm of the Korean carmaker recorded its highest-ever share of sales from rural areas at 24%, with cuts to goods and services tax (GST) powering sales during the quarter. Exports were up 21% to 48,888, with one in four Hyundai vehicles shipped abroad. Along with an increase in the share of SUVs in its sales, Hyundai saw profits rise 6% fr...