Hyundai

Hyundai Motor India Ltd on Wednesday said it will hike prices of its vehicles by up to 1 per cent across its portfolio from next month citing various cost escalations. The company has planned to increase the prices of its cars up to 1 per cent across the portfolio, effective May 2026, Hyundai Motor India Ltd said in a regulatory filing. The price revision is attributed to a combination of various cost escalations, it added. The quantum of increase will vary based on the variants and models, HMIL said. "The company's endeavor is always to absorb rising costs to safeguard our customer from price fluctuations. However, the escalating input costs have necessitated to pass on a part of this impact through a marginal price revision," it said.

If the current geopolitical situation persists that results in supply chain disruptions and firm commodity prices, CLSA expects 30-40 per cent cuts to auto sector's FY27 earnings.

Hyundai Motor India on Sunday said its total sales increased 11.5 per cent year-on-year to 73,137 units in January. The company's total sales stood at 65,603 units in January last year, Hyundai Motor India said in a statement. The automaker said its dispatches to dealers in the domestic market increased 9 per cent to 59,107 units last month as compared with 54,003 units in the year-ago period. Exports stood at 14,030 units last month as against 11,600 units in January 2024. "Achieving our highest-ever monthly domestic sales of 59,107 units, alongside highest-ever total sales of 73,137 units with a strong 11.5 per cent year-on-year growth, reflects not only Hyundai's brand leadership but also the collective strength of our people, partners and customers," Hyundai Motor India MD and CEO Tarun Garg said in a statement.

The company did not disclose the cost of the robots, but said deployment would begin across all of its manufacturing sites as part of a push into "physical AI"

Hyundai Motor India has launched Prime HB and Prime SD taxi models with petrol and CNG options, aiming to diversify volumes as domestic competition heats up and rankings tighten

The partnership was formally unveiled at the Narendra Modi Stadium in Ahmedabad in the presence of senior leadership from both organisations

The import duty on cars will rise to 50 per cent from 20 per cent, dealing a significant blow to India's largest vehicle exporters to Mexico including Volkswagen, Hyundai, Nissan and Maruti Suzuki

While India's CAFE formula resembles the European Union, it lacks any adjustments for protecting small cars

Hyundai Motor Group pledged 125.2 trillion won over the same period

Hyundai's Tarun Garg said small cars' share in PV sales has continued to fall despite GST rate cuts, with SUVs driving most of the market's growth and consumer upgrades

The Supreme Court on Wednesday eased its ban on green firecrackers in Delhi-NCR, allowing their offline sale under strict conditions. The court noted that smuggled firecrackers cause more pollution

Automakers worldwide are cutting electric vehicle prices as demand slows; Tesla, Hyundai, Nissan and Chinese brands lead a global price war to attract buyers

Industry estimates impact for every dealer at ₹3-5 crore

Hyundai Motor India and the United Union of Hyundai Employees have signed a three-year wage settlement effective April 2024, offering an industry-best salary hike and enhanced employee welfare

With the GST rate cuts expected to bring domestic sales back on a growth path, Hyundai Motor India Ltd is looking to ride on a 'double engine' drive of accelerated sales in the home market and continued momentum in exports, according to a top company official. In the last six to eight months, when the domestic market was slightly sluggish, the company had pressed the accelerator on exports in contrast to the last few years when the focus was on meeting demand in India due to capacity constraints, Hyundai Motor India Ltd (HMIL) Whole-time Director and Chief Operating Officer Tarun Garg said in an interaction. The company's domestic sales in the April-August period this fiscal were down 11.2 per cent at 2,20,233 units as against 2,47,992 units in the same period last fiscal. On the other hand, exports in the April-August period this fiscal grew by 12.45 per cent at 80,740 units as compared to 71,800 units in the year-ago period. "We have been very strong in export, but in the last fe

The plant, one of the major industrial sites that South Korean companies are currently building in the US, was slated to begin operations later this year

A plane carrying more than 300 South Korean workers released after days of detention in Georgia landed in South Korea on Friday. TV footage showed the charter plane, a Boeing 747-8i from Korean Air, landing in Incheon International Airport, just west of Seoul, on Friday. The footage later showed workers, some wearing masks, passing an arrival hall, with senior officials clapping hands. The South Korean Foreign Ministry asked media to blur the workers' faces in video and photos at the airport, citing requests by the workers who worried about their privacy. They were among about 475 people detained during the Sept. 4 immigration raid at a battery factory under construction on the campus of Hyundai's sprawling auto plant west of Savannah. The US release of video showing some Korean workers shackled with chains around their hands, ankles and waists has caused public outrage and a sense of betrayal in South Korea, a key US ally. South Korea later said it has a reached an agreement with

A South Korean charter plane left for the US on Wednesday to bring back Korean workers detained in an immigration raid in Georgia. A total of 475 workers, more than 300 of them South Koreans, were rounded up in the Sept 4 raid at the battery factory under construction at Hyundai's sprawling auto plant west of Savannah. Some were shown shackled with chains around their hands, ankles and waists in video released by US authorities. South Korea's government later said it reached an agreement with the US for the release of the workers. South Korean TV footage showed what it said was the charter plane taking off at Incheon International Airport, just west of Seoul, on Wednesday morning. The plane will return to South Korean with the detained workers on Thursday afternoon, media reports said. The workplace raid by the US Homeland Security agency was its largest yet as it pursues its mass deportation agenda. It targeted Georgia, where many large South Korean businesses operate and plan fut

Donald Trump calls on global companies to hire and train Americans, respect immigration rules, after ICE detains 475 workers at Hyundai's Georgia plant

Hyundai to cut prices of Verna, Creta, Venue, i20 and Tucson by up to ₹2.40 lakh from Sept 22 after GST rate cut, making cars more affordable this festive season