Hyundai

South Korean auto major Hyundai on Wednesday reiterated its commitment to shaping mobility for India and the world, as the company marks 30 years of operations in the country. Established on May 6, 1996, the company's arm Hyundai Motor India Ltd (HMIL) has invested Rs 40,700 crore since its inception, with another Rs 45,000 crore lined up between FY26 and FY30 to drive manufacturing, electrification, future mobility and introduction of 26 new products by FY2030. HMIL has sold a total of 1.35 crore units since its inception, including 96 lakh in India and 39 lakh exported to 150 countries, the company said in a statement. It reinforces India's role in Hyundai's global success - as India's largest exporter of passenger vehicles on a cumulative basis, it added. "HMIL's 30-year journey is defined by trust earned over time and the pride of our teams delivering consistently for customers across India," HMIL MD and CEO Tarun Garg said. "As we celebrate this milestone, we look ahead with

Aggressive discounting persists in the EV market as automakers juggle inventory, competition, and evolving buyer expectations

Passenger vehicle sales surge year-on-year to about 450,000 units in April, driven by GST cuts, tax relief and rural demand, even as West Asia conflict poses risks

Hyundai Motor India Ltd on Friday reported a 17 per cent year-on-year growth in domestic sales at 51,902 units in April 2026. Domestic sales in April this year were the highest ever for the month since inception, Hyundai Motor India Ltd (HMIL) said in a statement. Exports were at 13,708 units in April 2026, it added. "We have opened the new financial year on a strong note, carrying forward the momentum built in recent months into April 2026," HMIL MD & CEO Tarun Garg said. The company's compact SUV VENUE achieved its highest-ever monthly domestic sales of 12,420 units in April 2026, the statement said.

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