Page 9 - Hyundai Motors

Hyundai Motor bolsters US presence with $5 billion EV battery venture

Rivals General Motors Co and Samsung SDI are also set to announce plans to build a joint venture EV battery manufacturing plant in the U.S., sources said

Hyundai Motor's reports 109% increase in Q1, beating expectations

Hyundai Motor Co reported a 109% increase in first-quarter profit thanks to a rise in vehicle output as a global chip shortage eased

Maruti, Hyundai witness drop in retail sale market share in FY23: FADA

Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with shortage of electronic components, according to automobile dealers' body FADA. Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent. Earlier, the auto major had stated that it faced shortage of electronic components last fiscal with an order backlog of around 3.8 lakh units. Similarly, Hyundai Motor India saw an increase in retail sales at 5,25,088 units last fiscal, however its market share dropped to 14.51 per cent. It had sold 4,79,027 units

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 unveils Genesis GV80 Coupe concept car at exhibition in New York

South Korea's largest carmaker Hyundai Motor has unveiled the Genesis GV80 Coupe Concept at its exhibition hall Genesis House New York, the company said on Tuesday

Hyundai plans to launch Punch rival: Here is all you need to know

There were rumours that Hyundai was planning to bring its micro SUV Casper, to India, but recent sightings have confirmed that it is not the Hyundai Casper, but an entirely new vehicle

BS VI phase 2: Hyundai joins peers, bids farewell to diesel engine sedans

Diesel engine vehicles have seen a steep hike in prices after the second phase of BS-VI norms was implemented by the government

We want to become No. 1 EV player in India, says Hyundai's Unsoo Kim

"The Indian govt's initiatives on EVs are very strong and customers want to buy EVs. This will make the country's conversion to EVs faster than other markets, and I hope even faster than the US"

Hyundai motors Q4 net profit more than doubles on improved chip supplies

Hyundai Motor said on Thursday that its fourth-quarter net profit more than doubled from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won

Hyundai Motor elevates senior management; Tarun Garg becomes COO

Hyundai Motor India Ltd on Monday announced senior management elevations, including that of Tarun Garg as Chief Operating Officer. Garg, who was earlier Director (Sales, Marketing & Service) will oversee sales, marketing, service and product strategy in his new role, Hyundai Motor India Ltd (HMIL) said in a statement. As part of the changes in its senior management leadership, HMIL also said Gopala Krishnan CS, Vice President (Production) has been elevated as Chief Manufacturing Officer (CMO) overseeing production, quality management and supply chain. The elevations are effective from January 1, 2023, it added. In addition to their new elevated roles, Tarun Garg and Gopala Krishnan CS will continue to serve as whole-time directors on the HMIL board, the company said. HMIL Managing Director and CEO Unsoo Kim said,"The elevations stand testimony to Hyundai Motor India's commitment to recognise and appreciate its leadership.

Registration of electric passenger, motor vehicles doubles this year

Driving growth is Tata Motors, with 25,795 registrations, against 10,200 last year

Will post highest ever domestic sales in 2022: Hyundai's Tarun Garg

Says product portfolio in line with customer's choice for SUVs, non-committal about sales volume; Hyundai's best show so far was in 2018 at 550,002 units

Hyundai India opens bookings for Venue N Line; here's what to expect

The compact SUV comes with various exterior and interior changes to give it a sporty styling, inspired by motorsport.

Hyundai mulls speeding up construction of US EV plant amid new law

Hyundai Motor plans to roll out 17 EV models by 2030, including six Genesis models, with Kia scheduled to release 14 EVs by 2027

Hyundai Motors ranks third in global vehicle sales in 2022 first half

South Korea's Hyundai Motor Group said on Monday it ranked third in first-half global vehicle sales on increased high-end model sales despite the lack of automotive chips

Hyundai to voluntarily recall over 70K vehicles over faulty parts

Hyundai Motor will voluntarily recall more than 70,000 vehicles to fix faulty components, the Transport Ministry said

Hyundai Motor sold 1 million 'green' cars in 13 years, reveals data

Hyundai Motor Group's cumulative sales of eco-friendly vehicles surpassed the 1 million mark in July, 13 years after its entry into the green-car market, data showed

Hyundai sells 1.88 mn vehicles in first six months, Q2 profit jumps 56%

Hyundai Motor said on Thursday that its second-quarter net profit jumped 56 per cent from a year earlier on improved product mix and a weak won

Hyundai to unveil all new Tucson SUV on Wednesday; here's what to expect

Hyundai Tucson SUV will be seen with fresh exterior styling, a revamped cabin, and new features

Hyundai Motor to build dedicated electric vehicle plant in South Korea

The planned EV plant is part of Hyundai Motor Group's plans announced in May to invest 63 trillion won ($49.8 billion) in its domestic businesses by 2025.