Hyundai, Kia sell over 2 lakh eco-friendly cars in US from Jan-Sep
The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in the first nine months, up 61.6 per cent from the 131,986 logged over the same period last year.
Hyundai, Kia sued over car thefts that went viral on TikTok in US
The US Attorney's Office for the Southern District of New York claimed in its lawsuit that the automakers were negligent in failing to include anti-theft devices in their vehicles, which would have made them much more difficult to steal, reports The Verge. The Wall Street Journal first reported the news.
Hyundai Motor India to invest Rs 20,000 cr in Tamil Nadu
The Hyundai Motor India and the Tamil Nadu government's Guidance Bureau on Thursday signed a Memorandum of Understanding (MoU) for this purpose. Speaking at the function, Chief Minister M.K.Stalin said the investment will speeded up the government's target of growing the state economy to one trillion dollars by 2030.
Hyundai Motor's Q1 net jumps 92% on SUVs, increased production
South Korea's Hyundai Motor said on Tuesday its first-quarter net profit jumped 92 per cent from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March rose to 3.42 trillion won ($2.56 billion) from 1.78 trillion won during the same period of last year, the company said in a statement.
Hyundai Motor announces new SUV 'EXTER' in India
According to the company, this new SUV will be an extremely important part of HMI's strong lineup of SUVs that already include VENUE, VENUE N Line, CRETA, ALCAZAR, KONA Electric, TUCSON and IONIQ 5. "We are proud to announce the name of our new SUV -- Hyundai EXTER that exemplifies the pulse of Gen Z buyers while empowering them with a smart mobility solution to fuel their wanderlust," Tarun Garg, COO of Hyundai Motor India Ltd, said in a statement.
Hyundai to invest $18.2 bn in EV production by 2030
Hyundai Motor, its smaller affiliate Kia and auto parts maker Hyundai Mobis will collectively make the investment to become the world's No. 3 EV maker in terms of sales by 2030, the group said in a statement. The move is in line with global carmakers' plans to fill their lineups with zero-emission vehicles to help slow the pace of global warming.
Car majors close FY23 with double digit growth
According to Maruti Suzuki, last fiscal it had sold 1,966,164 units (domestic 1,644,876 units, exports 259,333 units, other vehicle makers 61,955 units), up from 1,652,653 units (domestic 1,365,370 units, 48,907 units, exports 238,376 units) sold in FY22. The shortage of electronic components had some impact on the production of vehicles in FY 2022-23 and all possible measures to minimise the impact, Maruti Suzuki said.
Hyundai Motor considering buying GM India's Talegaon plant assets
According to Hyundai Motor India, a Term Sheet has been signed for the potential acquisition of identified assets of the plant like land and building, certain machinery and equipment situated at the General Motors India's plant in Talegaon. The Hyundai Motor India said the proposed acquisition is subject to the signing of the 'Definitive Asset Purchase Agreement'.
Hyundai Q4 net more than doubles on improved chip supplies, SUV demand
Net profit for the three months ended Dec. 31 jumped to 1.709 trillion won (US$1.38 billion) from 701.37 billion won during the same period of last year, the South Korean carmaker said in a statement. "An improved product mix, low incentives, the won's weakness (against the dollar) buoyed the quarterly bottomline despite high inflation and global economic slowdown," Seo Gang-hyun, executive vice president in charge of Hyundai's finance and accounting division, said in the company's earnings conference call.
IONIQ5 to be Hyundai's first model for India under new platform
Driving the pump-to-plug revolution, Hyundai will pioneer the development of future electric vehicles with this dedicated BEV platform that is now coming to India with the Hyundai IONIQ 5. According to Hyundai, the E-GMP platform comprises of vehicle chassis that includes the battery, motor and power electric system.