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Tesla Model Y becomes 1st EV to earn world's best-selling car tag Tesla Model Y has become the first all-electric vehicle to be billed as the world's bestselling car, a report has shown. Tesla Model Y surpassed Toyota's RAV4 and Corolla models to top global sales rankings in the first quarter of 2023, according to data from Jato Dynamics. The 2023 Model Y starts at $47,490, considerably more than the 2023 Corolla ($21,550) and RAV4 ($27,575), reports The Verge. Tesla Model Y sold 267,200 units globally in the first quarter this year, compar...
Tesla Model Y becomes 1st EV to earn world's best-selling car tag
Tesla Model Y becomes 1st EV to earn world's best-selling car tag
Source: IANS
27/05/2023 11:29:59 AM
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant South Korea's Hyundai Motor Group and LG Energy Solution said on Friday they will invest 5.7 trillion won ($4.3 billion) in a battery cell plant in the United States, with an aim to begin operations in 2025. The two companies will set up a 50:50 joint venture within this year to build the plant with an annual capacity of 30 gigawatt-hours near Hyundai Motor Group's dedicated electric vehicle (EV) and battery plant under construction in Georgia, they said in separate statements....
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant
Source: IANS
26/05/2023 3:27:14 PM
Hyundai, Kia agree to $200 mn settlement over TikTok car theft challenge Hyundai and Kia have agreed to a $200 million settlement to resolve class-action litigation with owners of certain Hyundai and Kia vehicles without push-button ignitions and immobilising anti-theft devices, or so called "Kia Challenge" on TikTok. Hyundai Motor America and Kia America said in a statement they will provide cash compensation as part of the agreement to customers who incurred theft-related vehicle losses or damage not covered by insurance, in addition to reimbursemen...
Hyundai, Kia agree to $200 mn settlement over TikTok car theft challenge
Hyundai, Kia agree to $200 mn settlement over TikTok car theft challenge
Source: IANS
19/05/2023 10:24:29 AM
1 in 4 cars sold in India now has embedded cellular connectivity, Baleno leads  India's connected car sales almost doubled in 2022 with around one in four cars having in-built cellular connectivity and services to enhance in-vehicle digital experience, a report showed on Tuesday. Maruti Suzuki's Baleno was the best-selling connected car model in 2022, while MG, Hyundai, Kia and Tata Motors led in terms of connected car models' share in their portfolios. Launched in 2019 with a price of less than Rs 20 lakh with over 50 features, MG's Hector wa...
1 in 4 cars sold in India now has embedded cellular connectivity, Baleno leads
1 in 4 cars sold in India now has embedded cellular connectivity, Baleno leads
Source: IANS
11/04/2023 5:57:13 PM
Hyundai's accumulated EV sales in US surpasses 1 lakh Hyundai Motor Group's accumulated electric vehicle (EV) sales in the United States exceeded 100,000 units last month, industry sources said on Monday. Hyundai Motor, its independent Genesis brand and Hyundai's smaller affiliate Kia Corp. had sold a cumulative 104,326 EVs in the U.S. market as of the end of January, an industry official with direct knowledge of sales data said by phone. The three brands achieved EV sales exceeding 100,000 units in the US in eight years after it a...
Hyundai's accumulated EV sales in US surpasses 1 lakh
Hyundai's accumulated EV sales in US surpasses 1 lakh
Source: IANS
14/02/2023 9:47:54 AM
Hyundai Q4 net more than doubles on improved chip supplies, SUV demand 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. Net profit for the three months ended Dec. 31 jumped to 1.709 trillion won (US$1.38 billion) from 701.37 billion won during the same period of last year, the South Korean carmaker said in a statement. "An improved product mix, low incentives, the won's weakness (against the dollar) buoyed the quart...
Hyundai Q4 net more than doubles on improved chip supplies, SUV demand
Hyundai Q4 net more than doubles on improved chip supplies, SUV demand
Source: IANS
26/01/2023 4:23:22 PM
With 75 new models on display, Auto Expo set to attract 1 lakh visitors on Sunday The Auto Expo 2023, being held at the Expo Mart in Greater Noida, has created a buzz not only in NCR but across the country. In new age cars, exhibited at the expo, makers have taken full care of modern technology as well as safety. This year, a completely seperate pavilion has been set up for electric vehicles and vehicles running on natural fuel, which is attracting a huge crowd. More than 50,000 people visited the expo on Friday. It is being estimated that on Sunday, this number can ...
With 75 new models on display, Auto Expo set to attract 1 lakh visitors on Sunday
With 75 new models on display, Auto Expo set to attract 1 lakh visitors on Sunday
Source: IANS
15/01/2023 12:34:36 PM
Art and culture festival begins in Gurugram An art and culture festival has been organised in Gurugram by the 'KalaGram Society', jointly set up by the Gurugram administration and Municipal Corporation of Gurugram (MCG), in collaboration with Haryana Corporate Social Responsibility (CSR) Trust and Hyundai India Motor Foundation. The festival was inaugurated by Nishant Kumar Yadav, Deputy Commissioner, Gurugram along with other government dignitaries on Wednesday. The five-day fest will culminate on October 16, 2022. In th...
Art and culture festival begins in Gurugram
Art and culture festival begins in Gurugram
Source: IANS
13/10/2022 1:00:37 PM
Hyundai Mobis, Swiss firm to promote in-vehicle infotainment system  Hyundai Mobis, South Korea's leading auto parts maker, said on Monday it will promote an advanced in-vehicle infotainment (IVI) system jointly developed with a Swiss company for next-generation vehicles. Hyundai Mobis and Luxoft are "at the final stage" of developing the IVI platform for future vehicles and will introduce it at the International Suppliers Fair to be held in Germany on October 11, Hyundai Mobis said in a statement. The two companies' IVI platform,...
Hyundai Mobis, Swiss firm to promote in-vehicle infotainment system
Hyundai Mobis, Swiss firm to promote in-vehicle infotainment system
Source: IANS
10/10/2022 2:49:37 PM
5G-ready car sales cross 500K first time ever globally The connected car penetration surpassed that of non-connected cars for the first time ever globally, capturing almost 50.5 per cent share in the second quarter (Q2) this year. 5G-ready car sales surpassed half a million, though 4G accounted for 90 per cent of connected car sales. According to Counterpoint Research, the US overtook China to lead the global connected car market and the top five automakers were Volkswagen, Toyota, GM, Stellantis and Hyundai. The US, China and Europe acc...
5G-ready car sales cross 500K first time ever globally
5G-ready car sales cross 500K first time ever globally
Source: IANS
7/10/2022 3:51:53 PM
Hyundai, Kia's US sales up 4.4% amid chip shortage Hyundai Motor Group said on Wednesday its vehicle sales in the United States rose 4.4 per cent last month from a year earlier despite the extended chip shortage. Hyundai, its affiliate Kia Corp. and Hyundai's independent Genesis brand sold a combined 120,642 vehicles in the world's most important automobile market in September, up from 115,573 units a year ago, according to the companies' sales data. Hyundai's sales climbed 11 percent to 59,465 units last month from 53,8...
Hyundai, Kia's US sales up 4.4% amid chip shortage
Hyundai, Kia's US sales up 4.4% amid chip shortage
Source: Reuters
6/10/2022 9:15:36 AM
Union Bank of India jumps on partnering with Hyundai Construction Equipment India Union Bank Of India is currently trading at Rs. 44.25, up by 0.65 points or 1.49% from its previous closing of Rs. 43.60 on the BSE. The scrip opened at Rs. 43.20 and has touched a high and low of Rs. 44.50 and Rs. 43.00 respectively. So far 373079 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 09-Nov-2021 and a 52 week low of Rs. 33.55 on 12-May-2022. Last one week high and low of the scrip stood at ...
Union Bank of India jumps on partnering with Hyundai Construction Equipment India
Union Bank of India jumps on partnering with Hyundai Construction Equipment India
Source: Accord Fintech
30/09/2022 11:53:09 AM
Hyundai, Kia global sales rise in August despite chip shortage Sep 1  Hyundai Motor, South Korea's biggest carmaker, said on Thursday that its sales rose 12 per cent in August from a year earlier despite an extended chip shortage. Its subsidiary Kia's sales also went up 10 per cent last month from a year earlier despite an extended chip shortage. Hyundai sold a total of 334,794 vehicles in August, up from 300,004 units a year earlier on robust overseas demand for its models, the company said in a statement. Domestic sales fell 3.5 p...
Hyundai, Kia global sales rise in August despite chip shortage
Hyundai, Kia global sales rise in August despite chip shortage
Source: IANS
1/09/2022 7:17:17 PM
Hyundai Motor opens bookings for Venue N Line SUV Car maker Hyundai Motor India Ltd on Thursday announced opening of bookings for its model Venue N Line. The company said bookings for the model can be done online or at Hyundai Signature Outlets paying Rs.21,000. According to Unsoo Kim, MD & CEO, the i20 N Line model has already received a very strong response and now, with the introduction of AVenue N Line, the company will further elevate fun driving sport utility vehicle (SUV).
Hyundai Motor opens bookings for Venue N Line SUV
Hyundai Motor opens bookings for Venue N Line SUV
Source: IANS
25/08/2022 3:20:36 PM
Hyundai sells 1.88 mn vehicles in first 6 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. Net profit for the three months ended in June rose to 3.08 trillion won (US$2.34 billion) from 1.98 trillion won during the same period of last year, the company said in a statement. In the six-month period, Hyundai sold a total of 1.88 million vehicles, achieving 43 per cent of its sales target of 4.34 million units for the year. The ...
Hyundai sells 1.88 mn vehicles in first 6 months, Q2 profit jumps 56%
Hyundai sells 1.88 mn vehicles in first 6 months, Q2 profit jumps 56%
Source: IANS
21/07/2022 12:36:06 PM
Hyundai, Rolls-Royce tie up for air mobility with electric propulsion  South Korea's automotive major Hyundai Motor Group and Rolls-Royce have teamed up to bring out an all electric propulsion and hydrogen fuel cell technology-powered air mobility. According to Hyundai, the partnership will leverage Rolls-Royce's aviation and certification capabilities and its own hydrogen fuel cell technologies and industrialisation capability. The Memorandum of Understanding (MoU) between Rolls-Royce and Hyundai includes five strategic aims: * Collaborat...
Hyundai, Rolls-Royce tie up for air mobility with electric propulsion
Hyundai, Rolls-Royce tie up for air mobility with electric propulsion
Source: IANS
20/07/2022 8:37:52 AM
IIT professor`s ePlane Company aims to ferry Indians in flying air taxi in 2023  As urban mobility giants like Boeing, Hyundai, Airbus, Toyota, Uber and Joby Aviation plan to soon ferry passengers in air taxis, the homegrown ePlane Company is all set to to build India's first flying electric taxi to make passenger commute and cargo transport up to 10 times faster, its founder and CTO Satya Chakravarthy said on Tuesday. The startup is in the final stages of building a sub-scale version of the flying aircraft and expects to commence its flight trials in the nex...
IIT professor`s ePlane Company aims to ferry Indians in flying air taxi in 2023
IIT professor`s ePlane Company aims to ferry Indians in flying air taxi in 2023
Source: IANS
19/07/2022 12:13:49 PM
Hyundai Motor to build dedicated EV plant in South Korea The union of Hyundai Motor said on Tuesday it has tentatively agreed with the company to build a dedicated electric vehicle (EV) plant in South Korea by 2025 amid a global electrification push. Hyundai and its union reached an agreement on the domestic EV plant in the carmaker's main Ulsan plant, 414 kms southeast of Seoul, a union spokesperson told Yonhap news agency. The tentative agreement is subject to a vote by unionized workers as early as this month, ahead of the one-week sum...
Hyundai Motor to build dedicated EV plant in South Korea
Hyundai Motor to build dedicated EV plant in South Korea
Source: IANS
12/07/2022 3:13:14 PM
Hyundai to create new US affiliate after $10.5 bn investment pledge  Hyundai Motor Group said on Thursday it is setting up a new investment affiliate in the US, in a follow-up to its pledge to invest $10.5 billion in the world's largest economy. The new affiliate, tentatively named HMG Global, will be established in Delaware state in the US and funded by Hyundai's three flagship arms -- Hyundai Motor, Kia and Hyundai Mobis, according to regulatory filings posted by the companies. "The establishment of the new affiliate will enable us t...
Hyundai to create new US affiliate after $10.5 bn investment pledge
Hyundai to create new US affiliate after $10.5 bn investment pledge
Source: IANS
1/07/2022 8:45:07 AM
On-road hydrogen vehicles to cross 1 mn globally by 2027 The number of hydrogen vehicles in service globally is likely to exceed 1 million in 2027, from just over 60,000 in 2022 -- a substantial growth of over 1,500 per cent, a new report showed on Monday. Hydrogen vehicles use hydrogen propulsion systems as their onboard fuel. The chemical energy of hydrogen and oxygen reacts with the fuel cell and converts the energy to electricity. Juniper Research forecasts that the consumer market will lead the hydrogen vehicles space, with consumer vehi...
On-road hydrogen vehicles to cross 1 mn globally by 2027
On-road hydrogen vehicles to cross 1 mn globally by 2027
Source: IANS
20/06/2022 2:44:40 PM
Hyundai finds itself on a sticky path Korean car maker Hyundai Motor India found itself on a sticky road with its statement that many Indians consider as insufficient and skirting over the issue of whether Kashmir is an integral part of India. To control further damage, Hyundai Global should come out with an appropriate statement, said a brand expert. On Twitter the handles 'Boycott Hyundai' and 'Boycott Kia' started trending. It all started on February 5 with a tweet from a handle Hyundai Pakistan Offici...
Hyundai finds itself on a sticky path
Hyundai finds itself on a sticky path
Source: IANS
7/02/2022 4:54:01 PM
Hyundai to present robotics-based mobility vision at CES Hyundai on Thursday announced it will unveil its future mobility vision based on robotics technologies at an upcoming international consumer electronics event in the US, reflecting its drive for a transition into an advanced mobility service provider. Under the theme of "Expanding Human Reach," Hyundai Motor will present its view of how robotics can bring changes to the future in terms of the role and means of transportation during the Consumer Electronics Show (CES), slated to t...
Hyundai to present robotics-based mobility vision at CES
Hyundai to present robotics-based mobility vision at CES
Source: IANS
23/12/2021 2:06:07 PM
Speedbreaker: Semiconductor issues still hurting but supply constraints easing says Hyundaii  Slowly easing supply side constraints for semiconductors as well as stabilising commodity prices has charged-up Hyundai Motor India's outlook for 2022. Besides, the automobile major expects healthy demand to sustain during the initial phase of next year. In conversation with IANS, Hyundai Motor India's Director Sales and Marketing Tarun Garg said though it is hard to give a timeline for normal supply of semiconductors, however, the shortages have eased. "Semiconduc...
Speedbreaker: Semiconductor issues still hurting but supply constraints easing says Hyundaii
Speedbreaker: Semiconductor issues still hurting but supply constraints easing says Hyundaii
Source: IANS
11/12/2021 2:55:18 PM
Hyundai Motor India aims to launch six EVs by 2028 Automaker Hyundai Motor India aims to expand its electric mobility plans for the market by 2028. The company will line up six battery-run electric vehicles during the period, it said on Wednesday. "Catering to the diversity of the Indian market, Hyundai's line-up of six 'Battery Electric Vehicles' will cater to multiple segments including mass market and mass premium segments in India," the automaker said. Besides, the company plans to invest approximately Rs 4,...
Hyundai Motor India aims to launch six EVs by 2028
Hyundai Motor India aims to launch six EVs by 2028
Source: IANS
8/12/2021 8:20:37 PM
Hyundai, Kia unveil electric concept SUVs at LA auto show  Hyundai Motor and affiliate Kia Corp have unveiled their electric concept SUVs at the Los Angeles Auto Show as they strengthen their all-electric portfolios in line with rival carmakers' electrification push. Hyundai and Kia debuted the large-sized "Seven" and flagship "EV9" concept models built on Hyundai Motor Group's dedicated EV platform, called E-GMP, at the US motor show during a two-day media preview on Wednesday and Thursday. The carmakers are p...
Hyundai, Kia unveil electric concept SUVs at LA auto show
Hyundai, Kia unveil electric concept SUVs at LA auto show
Source: IANS
19/11/2021 10:32:53 AM
Genesis to launch only electric models from 2025  Hyundai Motor Group's independent Genesis brand said on Thursday that it will launch only hydrogen fuel cell or battery-powered vehicles from 2025 in line with its rival carmakers' electrification push. The Genesis brand will complete its lineup with eight hydrogen and battery models by 2030 and aims to sell 400,000 units a year in global markets, the group said in a statement. The lineup is currently composed of the GV80 and GV70 SUVS, as well as the G90, G80, electrified...
Genesis to launch only electric models from 2025
Genesis to launch only electric models from 2025
Source: IANS
2/09/2021 11:36:30 AM
Hyundai to cut output at US plant on chip shortage South Korea's Hyundai Motor said on Wednesday that it will reduce production at its US plant this week due to a chip shortage. Hyundai Motor will cut vehicle production at the Alabama plant from Tuesday to Friday (US time) over a lack of semiconductor parts, a company spokesman said over the phone. The Alabama plant halted operations for one week last month due to the same problem, reports Yonhap news agency. From January to July, Hyundai's vehicle sales rose 22 percent to 2....
Hyundai to cut output at US plant on chip shortage
Hyundai to cut output at US plant on chip shortage
Source: IANS
18/08/2021 3:08:22 PM
HMIL garners over 11,000 bookings for SUV Alcazar Automobile major Hyundai Motor India on Monday said it has garnered over 11,000 bookings for its recently-launched premium SUV Alcazar. The vehicle was launched less than a month ago. "So far we have already sold over 5,600 units of Hyundai ALCAZAR in the market and with the addition of this 6 & 7 Seater SUV to our line up," said Tarun Garg, Director (Sales, Marketing & Service), Hyundai Motor India. "We are now offering our valued Indian customers a stellar ra...
HMIL garners over 11,000 bookings for SUV Alcazar
HMIL garners over 11,000 bookings for SUV Alcazar
Source: IANS
20/07/2021 9:04:36 AM
Hyundai, Kia expected to log sharp rebound in Q2 Hyundai Motor and its affiliate Kia are set to report a sharp rebound in operating profit for the second quarter on strong demand for their vehicles that offset output disruptions by semiconductor shortages, analysts said on Tuesday. Hyundai and Kia, which together form the world's fifth-biggest carmaker by sales, are expected to have posted operating profits of 1.86 trillion won ($1.6 billion) and 1.34 trillion won, respectively, for the quarter ended June 30, according to a median fo...
Hyundai, Kia expected to log sharp rebound in Q2
Hyundai, Kia expected to log sharp rebound in Q2
Source: IANS
13/07/2021 9:41:12 AM
Hyundai optimistic of sales uptrend Automobile major Hyundai Motor India is optimistic of a sales uptrend backed by a year-on-year repeat of pent-up demand as well as more upgrade options. Accordingly, the company's latest research has thrown-open new finding that pin hopes on a new wave of customers, who are ready and willing to buy automobiles for personal mobility. "Aspirations of customers are continuously going up. In the automobile sector, this need for upgrade is mostly focused around the SUV segment,&qu...
Hyundai optimistic of sales uptrend
Hyundai optimistic of sales uptrend
Source: IANS
25/06/2021 4:15:23 PM
Hyundai to provide 'Medicare Oxygen'`equipment to states most affected by Covid Automobile manufacturer Hyundai Motor India's philanthropic arm - Hyundai Motor India Foundation - on Tuesday announced its CSR project 'Back-to-life'. Accordingly, the project is aimed at ensuring the uninterrupted delivery of lifesaving 'Medicare Oxygen' equipment to most affected Covid -19 states : New Delhi, Maharashtra, Tamil Nadu, Haryana and Telangana. "The entire project has been accelerated from procurement to delivery, thereby meeting the critical need...
Hyundai to provide 'Medicare Oxygen'`equipment to states most affected by Covid
Hyundai to provide 'Medicare Oxygen'`equipment to states most affected by Covid
Source: IANS
12/05/2021 9:22:12 AM
Hyundai Motor India April cumulative sales at over 59K units Automobile manufacturer Hyundai Motor India's cumulative sales during April stood at 59,203 units. Accordingly, the company sold 49,002 units in the domestic market during the month under review. It shipped out 10,201 units to foreign countries last month. "While our efforts presently focus primarily on supporting the lives and livelihood of people, we have also received positive sales results in April 2021," said Tarun Garg, Director (Sales, Marketing & Service), H...
Hyundai Motor India April cumulative sales at over 59K units
Hyundai Motor India April cumulative sales at over 59K units
Source: IANS
1/05/2021 1:10:25 PM
Hyundai expands key plant suspension on chip shortage Hyundai Motor said on Friday it will temporarily suspend another domestic plant next week due to an electronic parts shortage. Hyundai will halt the operation of the Asan plant, 100 kilometers south of Seoul, which produces the Grandeur and Sonata sedans, from Monday to Tuesday, a company spokesman said over the phone. Previously, the country's biggest carmaker said it would suspend the No. 1 plant in Ulsan, 414 km southeast of Seoul, which produces the IONIQ 5 all-electric car and ...
Hyundai expands key plant suspension on chip shortage
Hyundai expands key plant suspension on chip shortage
Source: IANS
9/04/2021 1:33:43 PM
Hyundai faces production disruption from April due to chip shortage - FT SEOUL - A widespread chip shortage affecting automakers is expected to disrupt production at South Korea's Hyundai Motor from April, the Financial Times reported on Wednesday, citing a person with direct knowledge of the situation. A Hyundai spokesperson told Reuters the company was aware of the auto industry's rising concerns over chip supplies, and that it was closely monitoring the situation to take necessary measures and optimise production in line with the supply conditions. ...
Hyundai faces production disruption from April due to chip shortage - FT
Hyundai faces production disruption from April due to chip shortage - FT
Source: Reuters
24/03/2021 10:21:55 AM
Hyundai Motor India adds new Board members Automobile manufacturer Hyundai Motor India has added two new Directors on its Board. According to the company, Ganesh Mani S., Director-Production, and Tarun Garg, Director- Sales, Marketing & Service have been inducted on the Board. The new Board members will hold office for a period of three years effective August 24, 2020, to guide the company's strategy, operations and lead the "organisation's initiatives towards a successful and meaningful future". Hyundai...
Hyundai Motor India adds new Board members
Hyundai Motor India adds new Board members
Source: IANS
3/09/2020 9:11:10 AM