Page 11 - Hyundai Motors

High fuel prices shifting demand for diesel models: Hyundai official

Leading automaker Hyundai India on Wednesday said that skyrocketing prices of fuel in the country is increasing the demand for diesel models for the company. Director (sales and marketing) of Hyundai India Tarun Garg said diesel models are 30 per cent more fuel-efficient than the petrol versions which is causing the rise in demand in favour of the former. Speaking to reporters at Domjur in Howrah district, Garg said "Hyundai is concerned about the rise in fuel prices. But since diesel models are 30 per cent more fuel-efficient than petrol versions, there is a hike in demand for the former". He said though 2021 faced the second wave of the pandemic, sales are now back to normal to pre-Covid levels. However, the company is wary of a possible third wave, the official said Garg said that demand for SUVs is going up and Hyundai's share of this category to overall sales is 47 per cent. According to him, Hyundai's market share last year was 17.4 per cent, the highest ever in the company

Hyundai Motor Group's high technology was behind Korea's 'crazy archery'

As Korean national archery team achieved all three gold medals at the 2020 Tokyo Olympics, attention is also focusing on Hyundai Motor Group, which has supported Korean archery.According to the industry on the 27th, Hyundai Motor Group started a technical support project for Korean archery to win the medals at Tokyo Olympics, led by Chairman Chung Eui-sun, who is the chairman of the Korean Archery Association since the 2016 Rio Olympics in Brazil.Chairman Chung judged that Korean archery is the best in the world, but combining Hyundai Motor Group's future cars R & D technology will improve the athletes' skills more, and started to support high-tech technologies such as AI, vision recognition, and 3D printing. It is for making the quality and performance of the equipment more perfect and contributing to minimizing various problems, such as athletes' mental health.Hyundai Motor Group listened archery athletes' opinions and carefully reviewed on areas that could apply with the ...

Hyundai Motor buys US-based robotics firm Boston Dynamics for $880 mn

Hyundai Motor Group said on Monday its three affiliates and its chief have acquired a controlling stake in US-based robotics firm Boston Dynamics for $880 million

Hyundai plans to invest $7.4 bn in US by 2025 on EVs, production facilities

Hyundai plans to invest $7.4 billion in US by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions

Hyundai undertakes six-day maintenance shutdown at manufacturing plant

Hyundai Motor India has commenced annual maintenance shut down at its Chennai-based manufacturing facility for six days starting May 10 amid the second wave of coronavirus pandemic.

Hyundai Motor to phase out Kona EVs in domestic market amid recalls

The firm looks to shift its focus to Ioniq 5 EVs

Hyundai Motor, Kia take $8.5-billion hit after Apple deal called off

Hyundai is traditionally known for its reluctance to work with outsiders

Hyundai Motor India starts export of all-new i20 premium hatchback

Hyundai Motor India Ltd (HMIL) on Monday said it has started exports of its all-new i20 premium hatchback

Maruti, Hyundai to ramp up production in Dec as festive demand sustains

Carmakers concentrated on reducing inventory while factory production was lesser this month due to holidays, and November auto sales fell below estimates as a result

Kia's second coming with its new compact utility vehicle Sonet

With the Sonet, the Hyundai subsidiary is hoping to replicate the successful debut it had with the Seltos

Hyundai Motor names Ganesh Mani, Tarun Garg as whole-time directors

Appointments are for a period of three years, effective August 24, 2020

Auto sales bounce back in August on low base effect, pent-up demand

Dispatches at India's top two car makers, Maruti Suzuki India and Hyundai Motor India, zipped past not only the pre-Covid phase but also the months preceding the pandemic

Hyundai launches mobility membership to deepen engagement with customers

The owner of a new Hyundai car can download the HMM from an application store

All new version of Creta received over 55,000 bookings: Hyundai Motors

The model established leadership in the SUV segment by attaining highest sales in the month of May and June 2020, HMIL said in a statement

India plans incentives to double auto exports in next five years: Report

Govt wants to promote exports and has identified some sectors, including autos and textiles, for which incentive plans are being designed, said a senior government official

Kia, Hyundai and LG Chem join hands to identify EV startups for investment

New Energy Nexus, the international startup support organisation, will manage and facilitate the competition -- 'EV & Battery Challenge (EVBC)' -- the companies said in a joint statement

How Hyundai's Creta beat the odds to become most sold car in May

Smart positioning, continued communication and a global design language have played a big role, say experts

Hyundai Motor sees 500 bookings in two days after resuming operations

Hyundai Motor has got the approval to start the factory in Sriperumbudur, with 7,500 people per day (in two shifts) and resumed operations

Cruise along safely in the Kia Carnival, a suitable car for these times

One-touch door opening and space that allows for adequate physical distance make the Kia Carnival a suitable car even for these times, writes Pavan Lall

Hyundai's profit slumps 44%, its lowest first-quarter level in a decade

Net profit for January-March was $376 million, far below than expectations