Page 8 - Hyundai

Pact inked between Hyundai, SK On for EV battery partnership in US

Hyundai Motor Group said on Tuesday it has signed an initial pact with car battery maker SK On to secure batteries for its dedicated electric vehicle (EV) plant in the United States.

Hyundai to introduce global battery electric platform in India with Ioniq 5

Hyundai Motor India on Thursday said it will introduce its global dedicated battery electric vehicle platform in the country with its upcoming model Ioniq 5, slated to debut in the Auto Expo in January next year. The Ioniq 5 will be the company's first model in the country based on the electric Global Modular Platform (E-GMP). "With the introduction of E-GMP to India, we will be able to provide customers with advanced battery electric vehicles, derived from a platform that is modular, scalable and versatile," Hyundai Motor India MD & CEO Unsoo Kim said in a statement. Conceptualised and engineered to pivot the future transformation of electric mobility, E-GMP will usher in a new league of electric vehicles for the new age customers in India, he added. The automaker currently sells a single electric model -- Kona Electric in the domestic market. Last year, the South Korean auto major had announced plans to invest around Rs 4,000 crore to drive in six electric vehicles in India by .

Hyundai breaks ground on $5.5 billion electric car plant in Georgia

A robotic dog delivered a champagne toast and Georgia's governor and junior US senator shared a brief bipartisan celebration ahead of high-stakes elections as Hyundai Motor Group broke ground Tuesday on its first US plant dedicated to making electric vehicles. Just five months after Hyundai announced the USD 5.5 billion manufacturing plant in Bryan County west of Savannah, vast areas of the site have already been cleared of trees. Euisun Chung, executive chairman of Hyundai Motor Group, said the plant will be the envy of the industry. The South Korean company plans to open the factory in 2025, with at least 8,100 employees producing up to 300,000 electric vehicles per year. Georgia officials say it's the largest economic development project the state has ever seen. This is transformational for the region, not just for people's children now, but for their grandchildren," Gov. Brian Kemp said. This is going to be a project that will resonate for generations to come. The timing could

Hyundai Motor Group to invest $13 bn in mobility software development

Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software programme to all of its vehicles and offer its customers regular software updating services

Hyundai Motor India posts highest PAT in 4 years at Rs 2,861.77 cr in FY22

Hyundai Motor India Ltd recorded a 55 per cent rise in its profit after tax at Rs 2,861.77 crore in the fiscal ended March 31, 2022, its highest in four years, according to financial data accessed by business intelligence platform Tofler. The company, which is an unlisted entity, had posted a profit after tax (PAT) of Rs 1,847.16 crore in 2020-21, down from Rs 2,355 crore that it had recorded in 2019-20. The previous highest PAT of Hyundai Motor India Ltd (HMIL) was at Rs 2,581.73 crore in 2018-19. In the fiscal ended March 31, 2018 the company had posted a PAT of Rs 2,124.17 crore, according to the data by Tofler. In terms of operating revenue, it was also the highest in four years at Rs 47,042.79 crore in FY22, as compared to Rs 40,674.01 crore in FY21. The Indian arm of South Korean auto major had posted an operating revenue of Rs 42,978.63 crore in the fiscal ended March 31, 2020. In 2018-19, the company registered its highest operating revenue at Rs 43,258.09 crore. For the

TaMo takes a shot at mainstreaming EVs with sub-Rs 10-lakh priced e-Tiago

India's first electric car is acknowledged to be the Lovebird, from Eddy Current Controls (India) in 1993

Hyundai, Royal Enfield improved the most in dealer satisfaction study: FADA

The overall dealer satisfaction index improved from 657 points last year to 719 points this year, the study noted

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 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, Kia's US sales fall by 11% amid global chip shortage

Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United States fell 11 per cent last month from a year earlier amid the prolonged global chip shortage.

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 Motor launches first electric sedan 'Ioniq 6', takes on Tesla

The Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group plans to introduce through 2030 to secure a projected 12% of the global EV market

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

M&M drives in Scorpio-N, hopes to stay in top gear with 'disruptor SUV'

Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster

Take note, Elon Musk: this company is quietly dominating the EV race

Tesla still sells far more cars, but it took firm a decade to deliver as many electric vehicles as Hyundai and Kia have managed in a few short months

Toyota and Suzuki take hybrid route to co-develop a mid-sized SUV

Toyota to name it Urban Cruiser Hyryder; Suzuki's version is expected in August

Hyundai India confident of keeping SUV lead as competition heats up

Korean carmaker introduces facelift of popular model Venue, plans more launches

Virtus review: VW's sleek, good-looking sedan takes on underserved segment

Virtus bets big on price, local content and design

Hyundai drives in GRAND i10 NIOS Corporate Edition at Rs 6.28 lakh

Hyundai Motor India on Monday said it has launched GRAND i10 NIOS Corporate Edition with prices starting from Rs 6.28 lakh (ex-showroom).

Hyundai Motor Group to invest more than $10 billion in US up to 2025

Hyundai Motor Group on Friday announced plans to invest $5.5 billion in Georgia to build EV and battery facilities.