Page 2 - Hyundai Motors

Entry-level car buyers priced out even as SUV sales surge in India

Two-wheeler owners finding upward mobility challenging

Focusing on exports over domestic discounts, says Hyundai India COO

Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy

Hyundai Motor launches tariff task force, shifts some Mexico output to US

Hyundai and affiliate Kia, which together are the world's third-biggest automaking group by sales, are particularly vulnerable to US tariffs

Anchor lock-in expiry to unlock ₹2.36-trn worth shares in April-May 2025

Here are the complete details of the companies that will see the lock-in expiry of equity shares held by anchor investors, along with their estimated value and lock-in expiry dates

EV sales to surge, penetration likely to hit 12-13% in 5 years: Hyundai COO

The electric vehicle segment is set for rapid growth as its penetration in the domestic passenger vehicle segment may touch 12-13 per cent over the next 4-5 years amid favourable government policies and mainstream OEMs driving in models to cater to diverse customer needs, Hyundai Motor India Whole Time Director and COO Tarun Garg said. There is now clarity in the industry that electric vehicles are the way forward in the country, he added. "Clarity was lacking earlier whether it would be EVs or hybrid or any other technology. Now, it is clear that all the policies favour the EVs," Garg told PTI in an interaction. Mainstream OEMs like Hyundai, Mahindra and Tata Motors are already there in the sector, and now with Maruti Suzuki entering the vertical, it is now clear that the EV penetration is set to rise, he added. Garg said the EV penetration is now expected to grow steadily till 2030. "We expect that the EV penetration will grow from 2.5 per cent to around 12-13 per cent in the ne

Auto firms to raise prices from April as costs, regulations squeeze margins

Industry experts believe price hikes are influenced by multiple factors, including the rising costs of electronics, regulatory compliance requirements, and premiumisation trends

India key to Hyundai's 2 mn global EV sales target by 2030: CEO Jose Munoz

India will play an important role in achieving Hyundai Motor Company's aim of selling 20 lakh electric vehicles globally by 2030, according to its president and CEO Joss Munoz. In a town hall meeting with Hyundai Motor India employees at the Gurugram office, he said the South Korean automaker plans to strengthen its electric vehicle portfolio in India. With Hyundai Motor Company's (HMC) target to sell 2 million EVs by 2030 globally, India will play an important role in achieving this milestone, he added. He noted that HMIL is dedicated to making EVs more accessible and suited to Indian consumers' needs, aligning with the country's push for green and eco-friendly mobility solutions. HMC will continue to support HMIL to expand its EV offering and invest in the necessary infrastructure to support this shift. Hyundai Motor India Ltd (HMIL) is the third-largest market in Hyundai's global operations, Munoz stated. HMIL's IPO has helped HMC to invest and expand in new products and addit

India vital to Hyundai's 2 mn EV goal by 2030, says CEO Jose Munoz

He highlighted that the company is committed to increasing investments in EVs and advanced technology with a customer-centric approach

Hyundai Motor India hits over 2-month high; surges 5% on heavy volumes

Thus far in February 2025, the stock surged 15% after the company registered a 10.5% YoY growth in exports in January 2025 on the back of stable demand for its products in the overseas markets.

Hyundai Q3 results: PAT falls 19% to Rs 1,161 cr, revenue at Rs 16,648 cr

Hyundai Motor Company on Tuesday said its consolidated profit after tax declined 19 per cent to Rs 1,161 crore for the third quarter ended December 31, 2024. The auto major had reported a profit after tax (PAT) of Rs 1,425 crore in the October-December period of last fiscal. Total revenue from operations declined to Rs 16,648 crore in the third quarter as against Rs 16,875 crore in the year-ago period. Shares of the automaker were trading 0.24 per cent down at Rs 1,639.55 apiece on BSE.

Markets Today: Cipla, Bajaj Auto Q3; RBI; Nasdaq; DeepSeek; CLN Energy IPO

At 6:31 AM, GIFT Nifty futures pointed to a positive start, trading 76 points higher at 22,922

Models with connected features make over 25% of 2024 retail sales: Hyundai

Hyundai Motor India on Monday said the share of car sales with connected features has risen to over 25 per cent in 2024 against around 5 per cent in 2019. The company said it has sold over 6.75 lakh cars with connected features in the country since 2019. The company noted that the contribution of connected cars in its retail sales grew to 25.7 per cent last year compared with 4.7 per cent in 2019. Currently, the automaker offers connected car features in 12 of the 14 models it sells in India. "Today, connected cars drive a significant part of Hyundai's overall sales in India, surpassing half a million sales milestone. With the ever-increasing number of tech-savvy, convenience-seeking, and young car buyers, I am confident that the demand for connected car tech will rise rapidly in the coming years," Hyundai Motor India Function Head - Corporate Planning Jae Wan Ryu said in a statement. The company had introduced connectivity with the Hyundai Venue in 2019 offering 35 telematics ...

Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss

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

See acceleration of EV penetration in India in 2025-26: HMIL COO Tarun Garg

Hyundai Motor India Ltd sees a triggering of acceleration in the electrification of the passenger vehicles market in the country in 2025 and 2026, according to company COO Tarun Garg. Set to enter the mass market electric vehicle segment with the EV version of its popular SUV Creta, the company, which plans to bring four EVs in the future, is also looking at different segments, even below the mid-sized SUV segment. "India is at an early stage of electrification. Last year, we ended with about 2.4 per cent electrification. I personally feel that 2025 and 2026 are going to be great trigger points in terms of electrification, and Creta EV is going to drive it," Garg told PTI video here. In 2024, the Indian passenger vehicles segment witnessed record sales of around 43 lakh units. Citing an internal study by the Hyundai Motor India Ltd (HMIL) and also based "on some of the external consultants", he said by 2030 EV penetration could be 17 per cent. In an interaction with reporters he

Hyundai launches $18,000 compact EV in Japan to penetrate EV-wary market

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs

Hyundai Motor to invest record $16.7 billion in South Korea this year

The planned investment by Hyundai Motor Group includes 11.5 trillion won in research and development for next-generation products

Stocks to Watch, Jan 9, 2025: TCS, TaMo, M&M, Manappuram Finance, LIC, MOIL

Stocks to Watch, Jan 9, 2025: From Tata Motors to Manappuram Finance, here are few stocks that will be on investors' radar today

Creta Electric SUV: A new chapter in Hyundai's EV design and performance

The new Hyundai Creta Electric will be offered in 10 body colour options and four variants

Creta drives Hyundai to record sales with a stellar performance in 2024

The new-gen Hyundai Creta crossed 100,000 unit sales within six months in 2024, with annual sales of 186,919 units. The SUV accounted for 31 per cent of the brand's overall sales during the year

Hyundai Creta Electric: Check features, price, design, more ahead of launch

Hyundai India has unveiled the Creta Electric SUV ahead of Jan 17 launch at the Bharat Mobility Global Expo 2025. This will available in 4 variants; Executive, Smart, Premium and Excellence