Hyundai reports a 3.8 per cent drop in Q4 profit to ₹1,614 crore and outlines a plan to launch 26 models, including EVs and hybrids, by FY30 while targeting export-led growth
Maruti Wagon R slipped from the top 5 list, after achieving the second and fourth positions in February and March, respectively
Mahindra & Mahindra (M&M) emerged as the second-largest carmaker in terms of domestic PV wholesales in April, overtaking Hyundai and Tata Motors, which had ranked ahead of it in March
Hyundai Motor India on Thursday said its total sales declined 5 per cent year-on-year to 60,774 units in April. The company's sales stood at 63,701 units in April last year. The automaker said its domestic and export sales stood at 44,374 and 16,400 units, respectively, last month. The company had sold 50,201 units in the domestic market and 13,500 units in overseas regions in April 2024. The company has also crossed the 9 million cumulative sales mark in India since 1996, it added. "While the domestic market continues to face headwinds on account of various macroeconomic factors, we continue to champion 'Make in India, Made for the World' emphasising the company's strong focus on exports," Hyundai Motor India COO Tarun Garg said in a statement. This has resulted in a robust 21.5 per cent year-on-year growth in export volumes in April 2025 and 16.2 per cent growth during January to April 2025, as compared to the same period in the previous year, he added. "Overall, we remain ded
Hyundai and affiliate Kia, which together are the world's third-biggest automaking group by sales, are particularly vulnerable to US tariffs
Hyundai Motor India Ltd on Tuesday said it has partnered with Indian Oil Corporation Ltd to explore viability for mass-use of Hydrogen fuel cell vehicles in India. The company has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation, under which it has handed over one Hyundai NEXO Hydrogen FCEV to IndianOil for conducting real-world tests on Indian roads, Hyundai Motor India Ltd (HMIL) said in a statement. During the two-year trial period, HMIL and IndianOil will evaluate longevity and operational reliability over an estimated distance of 40,000 km, it added. A Total Cost of Ownership (TCO) assessment, including periodic maintenance, will also be conducted to provide critical insights into the long-term economic and environmental benefits of adopting hydrogen-powered vehicles for the Indian market, the company said. HMIL Managing Director Unsoo Kim said through the partnership with Indian Oil Corporation, the company aims to combine world-class Hydrogen fuel cell
He emphasised the significance of the move, calling Hyundai "one of the largest companies in the world" and highlighting that the steel mill will supply Hyundai's auto plants in Alabama and Georgia
Both automakers also face geopolitical tensions heightened by tariffs being levied or threatened by US President Donald Trump, which could curtail their ability to use imported components
Proxy advisory firms divided over supporting the transactions
He highlighted that the company is committed to increasing investments in EVs and advanced technology with a customer-centric approach
Hyundai Motor India is looking to position itself as a manufacturing hub for exports for emerging markets like Africa and neighbouring nations, according to a top company executive. The company, which is looking to diversify its export markets as it continues to face challenges regarding shipments to regions like the Middle East due to the Red Sea and other geopolitical issues. "We are positioning the company as a production hub for emerging markets. We are manufacturing and exporting our cost-optimised vehicle to the emerging markets," Hyundai Motor India MD Unsoo Kim told PTI. He noted that the automaker has a balanced mix of domestic and export volume, which gives it not only good profit but also a natural hedge against any market fluctuation. "We have a very suitable product line up for emerging markets," Kim said. Hyundai witnessed growth in almost all regions like Africa, Mexico and Latin America, he said. "However, the Middle East continued to face headwinds due to the Red
The company began exports in 1999 and has covered over 150 nations. It currently exports to more than 60 countries
Firm eyes 20% share in EV market
Hyundai reported operating profit of 2.8 trillion won ($1.95 billion) for October-December as it spent more on promotions in a slowing car market
Maruti Suzuki plans to ready 1,500 EV-enabled service workshops across 1,000 cities; Hyundai plans to localise the EV supply chain through battery packs
The Nifty Next 50 index is regarded as a pool of potential candidates for the flagship Nifty 50 index
The new Maruti Suzuki e-Vitara has made its debut at the Bharat Mobility Global Expo 2025 and will go on sale in March 2025
Hyundai India's Chief Operating Officer Tarun Garg says an improving ecosystem may help passenger EV penetration touch 17 per cent by 2030 from the current 2.4 per cent
Hyundai India has been gradually revealing details of Creta Electric ahead of its launch, giving us an idea of what the new EV will look like on the inside and its feature offerings
The planned investment by Hyundai Motor Group includes 11.5 trillion won in research and development for next-generation products