Page 2 - Hyundai India

Hyundai Motor adds two new variants under EXTER portfolio

Automobile major Hyundai Motor India has rolled out two new variants on its popular entry level sports utility vehicle EXTER, the company said on Friday. The S(O)+ variant, equipped with manual transmission is priced at Rs 7,86,300 (ex-showroom) while S+ variant is an automated manual transmission (AMT) offered at Rs 8,43,900 (ex-showroom). Some of the key features of the newly added variants include smart electric sunroof, digital cluster with Colour TFT multi-information display, an 8" touchscreen infotainment system with Android Auto and Apple CarPlay, rear air-conditioner vents among others. In a company statement, Hyundai said the new EXTER variants come with six air bags, 3-point seatbelts for all seats, tyre-pressure monitoring system, Electronic Stability control among others. Hyundai Motor India, in August, reported a 12 per cent year-on-year decline in its sales to 63,175 units as compared to 71,435 units sold in the same month of last year.

Hyundai India targeting to raise record $3.5 billion through IPO: Report

A representative for Hyundai India declined to comment. IFR and India media have previously reported the IPO could raise about $3 billion

Hyundai Motor IPO: Here are the top 10 biggest IPOs in Indian history

If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea

Hyundai sales rise 9.5% to 63,701 units in April; exports at 13,500

Hyundai Motor India on Wednesday said its wholesales rose by 9.5 per cent year-on-year to 63,701 units in April. The automaker had dispatched 58,201 units in the same month last year. Domestic wholesales saw an increase of 1 per cent to 50,201 units last month from 49,701 units in the year-ago period. Exports rose by 59 per cent to 13,500 units in April this year as against 8,500 units in April 2023. In April, the company achieved a fourth consecutive month of 50,000-plus domestic sales this year, Hyundai Motor India COO Tarun Garg said. Driven by models like Creta, Venue and Exter, SUVs continued to be a growth driver contributing 67 per cent of automaker's domestic sales, he added.

Expect rural sales contribution at record levels in FY25: Hyundai official

Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country's second-largest automaker, which sells models like Creta and Venue, reported 11 per cent growth in rural areas last fiscal as compared to 4 per cent in urban centres. "We are confident that the contribution from rural markets to our total sales will grow further to around 20 per cent this financial year," Hyundai Motor India COO Tarun Garg told PTI. The automaker plans to further expand its presence in smaller towns as it firmly believes that for the nation to prosper, both rural and urban regions must progress in tandem, he added. Garg noted that rural sales accounted for an all-time high of 19 per cent of the company's total sales in FY23. Hyundai Motor India registered its highest ever total sales of 7,77 876 units in 2023-24 wit

Hyundai Motor picks JPMorgan, Citi to accelerate $3 billion IPO: Report

The company plans to file regulatory papers in India by May to June for an approval, said two of the three sources, all of whom declined to be named as the talks are private

Hyundai Motor India may launch India's largest IPO ever this Diwali

At the upper band, the valuation of Hyundai India would be around Rs 23.3 trillion, more than Mahindra & Mahindra and Bajaj Auto

Hyundai buys GM's Talegaon plant, will invest Rs 6,000 cr in Maharashtra

Plant will be 'catalyst' in achieving Hyundai India's target of achieving one million annual production capacity, says company

India can become biggest market for Hyundai globally in near future: CEO

India can become the biggest market for South Korean auto major Hyundai globally in the near future with demand for automobiles expected to remain strong, Hyundai Motor India Ltd (HMIL) MD and CEO Unsoo Kim said on Friday. HMIL accounts for 18.6 per cent (in the January-September period) of the South Korean automaker's global volumes. It expects to breach the 20 per cent mark in the next 2-3 years. It is in the third position after the US and South Korean markets. "We are currently number three after the US and Korea and we aim to be number one in the near future," Kim told reporters here. HMIL's contribution to Hyundai global sales stood at 15.6 per cent in 2019. Elaborating on the domestic market, the automaker noted that it expects to close the current year with 6 lakh units, its highest ever yearly sales volume in the country so far beating the previous best of 5.5 lakh units posted last year. The company is also looking at ending 2023 with its highest-ever total annual sales

Riding on fresh demand, Hyundai Motor sees around 9% growth in FY24

Between January to December 2022, HMIL had sold 552,511 units, a 9 percent YoY growth

Hyundai i20 facelift now starts at Rs 6.99 lakh, drops the turbo-petrol

The turbo petrol will be reserved for the N Line variant of the Hyundai i20 which will be launched at a later date

Hyundai to launch Tata Punch rival micro-SUV Exter in Aug; details here

The Exter is expected to get a split-headlamp treatment, similar to what Hyundai offers in Creta, Venue, and Alcazar

Hyundai planning to invest $18.2 billion in EV production by 2030

Hyundai Motor Group said on Tuesday it will invest 24 trillion won ($18.2 billion) in its domestic electric vehicle (EV) production facilities and other EV projects by 2030

A labour hurdle to South Korean auto major Hyundai's expansion in India

Hyundai's aim to boost production by buying General Motors' Talegaon plant runs up against a two-year-old labour dispute

Hyundai inks pact to acquire General Motors India's Talegaon factory

Maharashtra facility can produce 1.3 million cars and 1.6 million engines annually

Hyundai Motor India launches Hyundai Pavilion on Metaverse space

Hyundai Pavilion on Metaverse will introduce the much awaited all-electric SUV Hyundai Ioniq 5 for users to experience its various features

Aided by SUVs, Hyundai Motor India posts highest-ever sales in 2022

The rise is mainly credited to better performance in the sports utility vehicle (SUV) segment by the company and the industry

More than 56% of vehicle thefts in India occur just in Delhi-NCR: Report

Between 2011 and 2020, more than 300,000 vehicles were stolen in the national capital

Hyundai's domestic sales increase by 50% to 49,700 units in September

The Korean carmaker sold 33,087 units in the country in September last year

Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years

With more than 238,000 of the 570,000 units exported from India in fiscal 2022, Maruti Suzuki overtook Hyundai Motor India as the foremost passenger vehicle exporter