Page 2 - Hyundai

S Korean workers released after days of detention in Georgia return home

A plane carrying more than 300 South Korean workers released after days of detention in Georgia landed in South Korea on Friday. TV footage showed the charter plane, a Boeing 747-8i from Korean Air, landing in Incheon International Airport, just west of Seoul, on Friday. The footage later showed workers, some wearing masks, passing an arrival hall, with senior officials clapping hands. The South Korean Foreign Ministry asked media to blur the workers' faces in video and photos at the airport, citing requests by the workers who worried about their privacy. They were among about 475 people detained during the Sept. 4 immigration raid at a battery factory under construction on the campus of Hyundai's sprawling auto plant west of Savannah. The US release of video showing some Korean workers shackled with chains around their hands, ankles and waists has caused public outrage and a sense of betrayal in South Korea, a key US ally. South Korea later said it has a reached an agreement with

South Korean plane heads to US to bring workers detained during ICE raid

A South Korean charter plane left for the US on Wednesday to bring back Korean workers detained in an immigration raid in Georgia. A total of 475 workers, more than 300 of them South Koreans, were rounded up in the Sept 4 raid at the battery factory under construction at Hyundai's sprawling auto plant west of Savannah. Some were shown shackled with chains around their hands, ankles and waists in video released by US authorities. South Korea's government later said it reached an agreement with the US for the release of the workers. South Korean TV footage showed what it said was the charter plane taking off at Incheon International Airport, just west of Seoul, on Wednesday morning. The plane will return to South Korean with the detained workers on Thursday afternoon, media reports said. The workplace raid by the US Homeland Security agency was its largest yet as it pursues its mass deportation agenda. It targeted Georgia, where many large South Korean businesses operate and plan fut

Trump asks foreign firms to respect US immigration laws after Hyundai raid

Donald Trump calls on global companies to hire and train Americans, respect immigration rules, after ICE detains 475 workers at Hyundai's Georgia plant

GST reforms: Hyundai Motor India set to cut prices by up to ₹2.4 lakh

Hyundai to cut prices of Verna, Creta, Venue, i20 and Tucson by up to ₹2.40 lakh from Sept 22 after GST rate cut, making cars more affordable this festive season

S Korea to bring home 300 workers detained in Hyundai plant raid in Georgia

More than 300 South Korean workers detained following a massive immigration raid at a Hyundai plant in Georgia will be released and brought home, the South Korean government announced Sunday. Kang Hoon-sik, chief of staff for President Lee Jae Myung, said that South Korea and the US had finalised negotiations on the workers' release. He said South Korea plans to send a charter plane to bring the workers home as soon as remaining administrative steps are completed. Foreign Minister Cho Hyun is to leave for the US on Monday for talks related to the workers' releases, South Korean media reported. US immigration authorities said Friday they detained 475 people, most of them South Korean nationals, when hundreds of federal agents raided Hyundai's sprawling manufacturing site in Georgia where the Korean automaker makes electric vehicles. Agents focused on a plant that is still under construction at which Hyundai has partnered with LG Energy Solution to produce batteries that power EVs. C

Hyundai to cut prices by up to ₹2.4 lakh; Tata Motors by ₹4.65 lakh on CVs

Hyundai Motor India on Sunday said it has reduced prices of its entire model range by up to Rs 2.4 lakh to pass on the GST rate cut benefit to customers. The company said the price cut ranging between Rs 60,640 on Verna to Rs 2.4 lakh on premium SUV Tucson will be applicable from September 22. "This reform is not only a boost to the automotive industry but also a strong step towards empowering millions of customers by making personal mobility more affordable and accessible," Unsoo Kim, Managing Director, Hyundai Motor India, stated. In a separate statement, Tata Motors said it will pass on the full benefit of the GST reduction on its entire commercial vehicle range to customers, effective September 22, 2025, when the revised rates come into effect. The Mumbai-based auto major said prices of CV range would come down in the range of Rs 30,000 to Rs 4.65 lakh. The company has already announced a price cut in its passenger vehicle portfolio.

Ola Electric auditor flags 'material weakness' in inventory controls

Ola Electric's auditor flagged weak inventory controls at its main unit, as SoftBank and automakers cut stakes and regulators probe sales and consumer complaints

US immigration agents arrest hundreds in raid at Georgia Hyundai plant

immigration officials, making it the largest single-site enforcement operation in the US Department of Homeland Security's (DHS) history

Nomura backs auto rally post-GST cut; M&M, TVS Motor, Hyundai in fast lane

Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.

Bright spots emerge in corporate earnings as tariff uncertainty lingers

Companies have reported over July 16-22 a combined full-year loss of as much as $7.8 billion, with the automotive, aerospace and pharmaceutical sectors being hurt most by tariffs

Hyundai Motor has rare earths stockpile that could last about a year

Hyundai also significantly boosted its rare earths inventories during a recent period when China had slightly relaxed its export restrictions

Chennai to become Hyundai's largest export hub outside South Korea

Marking 25 years of exports from India, Hyundai targets 7-8% export growth in FY26 as demand from emerging markets rises and Chennai Port expands facilities

Hyundai Motor India Q4 results: Net profit down 3.8% at ₹1,614 crore

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

Hyundai Creta remains most sold car for the second straight month

Maruti Wagon R slipped from the top 5 list, after achieving the second and fourth positions in February and March, respectively

Domestic PV wholesales rose by 4.4% to around 353,000 units in April

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 sales dip 5% in April at 60,774 units, crosses 9 mn mark since 1996

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 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

Hyundai teams up with IndianOil to test hydrogen fuel cell in India

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

Donald Trump announces Hyundai's $5.8 billion US Steel investment

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

GM, Hyundai in talks to share pickups, electric vans in North America

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