Hyundai Motor's global retail sales fell 5% in the third quarter from a year earlier, as a decline in sales in Europe offset sales increases in the United States and South Korea. While Hyundai's sales of electric vehicles fell, sales of hybrid EVs, which garner double-digit profit margins, jumped more than 40% from a year earlier, Hyundai said. Hyundai said in August that it planned to double its hybrid vehicle line-up to counter a slowdown in global electric vehicle demand, while cutting targets for EV sales and delaying the development and launch of some EV models. INDIAN IPO Hyundai said proceeds from the public listing of its India unit would primarily be invested to bolster its competitiveness in the Indian market. It added it would communicate its shareholder return policy in South Korea this year after reviewing its investment plans.