The share price of both Hyundai Motor and Kia Corp slumped today after the widespread call for the companies products in India over the Kashmir anti-India post by Pakistan
For a company which holds the second largest share in the automobile industry and sold over 5,00,000 units last year alone, Hyundai Motor does have extremely little gratitude. Taking money from Indians, the company decided to peddle down an agenda against India itself with Hyundai Pakistan and Kia Motors Hyderabad both posting in solidarity of Kashmir Solidarity Day, one celebrated to hail the terrorism carried out in India.
Hyundai Motor And Kia Corp Share Price Slump Today After Boycott Call In India
As the posts went viral, a behemoth brouhaha erupted in India with the country’s citizens livid over what had transpired. To make matters worse, Hyundai India embarked on a blocking spree with it blocking Indians who lashed out at the company for asking Kashmir to be separated from India and handed over from Kashmir.
#Hyundai and #Kia shares are going down like the economy of Pakistan 🇵🇰
They have just axed themselves and tarnished their images. #BoycottHyundai#BoycottKiaMotors pic.twitter.com/O9M5sRx86L— MohitWadhwa (@mohitwadhwa01) February 7, 2022
There’s a fall of #Hyundai in the share market .
Let’s make them bankrupt .
India is one of the biggest market for cars. #BoycottHyundai pic.twitter.com/aA2ZFqNjoU— Ashoke Pandit (@ashokepandit) February 7, 2022
The post is still not deleted on Instagram. Seems @Hyundai_Global doesn't care or they support Pakistan.#BoycottHyundai #Boycottkia pic.twitter.com/8EuPvjcSJs
— Stolen Share (@Simhaverse) February 7, 2022
Despite two days passing, the post continued to stay up on the Instagram page on Hyundai Pakistan whilst Hyundai India issued a half hearted apology. Far from taking accountability for their actions, the company went onto blow its own horn, talking about how it was working for the betterment of India.
Failing to placate Indians with its lackluster approach and torrid school of though, both Hyundai Motor and Kia Corp opened to sorry displays with both the companies shares tanking. Whilst Hyundai regressed over 3%, Kia record an over 2% downtick in its share price on Monday as it continued to lose support in the second most populated country in the world.
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