Hyundai: India’s biggest IPO could come from South Korean car manufacturer
Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai, which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. Key Points
CNNThe real Hyundai Motor stands up at battery PLI pre-bid round
The participation of the South Korean company is notable because a similarly named Hyundai Global Motors had got sops for setting up a 20 gigawatt hour (GWh) capacity in the earlier PLI auction round for ACC batteries, held in January 2022. It was eventually concluded that this was a case of impersonation and that Hyundai Global Motors had used fake documentation while bidding. Key Points
Economic TimesHyundai buys GM’s Talegaon plant; to invest Rs 6,000 crore
Hyundai Motor India on Friday said it has completed the acquisition of General Motors (GM) India’s manufacturing plant at Talegaon in Maharashtra. The... Key Points
The Tribune IndiaAmazon to sell Hyundai cars online — Here’s what the e-commerce platform is offering
Amazon has revealed plans to revolutionize the automotive retail sector. Starting next year, the e-commerce giant will facilitate the online sale of Hyundai cars, ushering in a new era of convenience and efficiency in the traditional car-buying process for consumers. Key Points
Economic TimesAmazon to sell Hyundai vehicles online starting in 2024
Amazon (AMZN.O) will begin selling Hyundai (005380.KS) vehicles online in the U.S. starting next year, the two companies said on Thursday. Key Points
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Hyundai Motor to adopt Tesla EV-charging standard from 2024 in US
Hyundai Motor Co (005380.KS) said on Thursday it has decided to adopt Tesla Inc's (TSLA.O) electric vehicle (EV) charging technology in the United States and Canada. Key Points
ReutersHyundai Ioniq 5 outsells 2023 target in 9 months, OEM prepares for some “catching up” in the EV game
The Korean major, the second biggest in Indias car market, didnt quite anticipate the current growth trajectory of the Indian electric passenger vehicle market. However, it wants to accelerate things to tap the EV megatrend better, with localisation as the key mantra. Much of the INR 20,000 crore new investment in Tamil Nadu will go for the localisation of battery packs. Key Points
Economic TimesHyundai Motor Group to acquire 5% stake in Korea Zinc for stable EV battery supply
Hyundai Motor Group to acquire 5% stake in Korea Zinc for $397.74 million to secure electric vehicle battery supply chain. Key Points
mintSouth Korea's Hyundai to launch more EVs in India
South Korea's Hyundai Motor Group said on Tuesday it plans to launch more electric vehicles (EVs) under the Hyundai (005380.KS) and Kia (000270.KS) brands in India, in a sign that it is betting big on the world's third-largest auto market. Key Points
ReutersHyundai, Kia recalling over 91,000 vehicles due to fire risks, owners advised to park cars outside
Hyundai and Kia are recalling over 91,000 vehicles in the U.S. due to fire risks from potentially damaged electrical components. Key Points
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LG, Hyundai Motor’s $4.3 billion EV battery plant to come up in USA
The Hyundai group — which includes Hyundai Motor Co., Kia Corp. and Genesis — and LG Energy will split the investment 50-50, according to a statement Friday. Key Points
FinancialexpressSouth Korea's Hyundai to invest $2.45 billion in India
Hyundai's move comes a few weeks after the federal government said it would raise taxes on imported cars and motorbikes, including electric vehicles (EVs), as it seeks to boost local manufacturing. India's EV industry has grown rapidly, with domestic carmakers Tata Motors and Mahindra & Mahindra as well as global rivals BYD and SAIC's MG Motor lining up launches. Key Points
Economic TimesHyundai Motor India to invest Rs 20,000 crore in Tamil Nadu to develop EV ecosystem
Hyundai will setup a 1.78 lakh unit battery assembly plant, install 100 EV charging stations and also increase its IC-vehicle production. Key Points
FinancialexpressHyundai Motor India's April sales rise 3.5 per cent on year at 58,201 units
New Delhi [India], May 2 (ANI): Hyundai Motor India Ltd registered cumulative sales of 58,201 units in April, an increase of 3.5 per cent on a yearly basis. Of the total sales, 49,701 units were sold domestically and the rest 8,500 units in exports. The company has attributed this growth to the overwhelming response to […] Key Points
ThePrintHyundai Motor India registers highest annual sales in 2022-23 at 720,565 units
New Delhi [India], April 1 (ANI): Hyundai Motor India Ltd achieved the highest ever annual total sales volume (domestic plus exports) of 720,565 units in the just concluded financial year 2022-23 with a yearly growth of 18.0 per cent. According to a company release on Saturday, it registered domestic sales volume of 567,546 units, which […] Key Points
ThePrint
Hyundai i20 facelift India testing begins: Expected launch date and features
Hyundai i20 facelift spotted testing in India, suggesting an upcoming launch. The hatchback boasts a sportier look, enhanced interior features, and an ADAS system. It is expected to compete against the Maruti Suzuki Baleno and Tata Altroz in India. Key Points
mintHyundai plans to drive to Dalal Street for largest IPO ever: Plans listing of local arm this Diwali
Banker pitch at HQ last week; raise of $3.3-5.6 billion may value HMIL up to $28 billion. At $28 billion, HMIL will be valued at 48 times FY23 earnings, while at the lower end of the band at $22 billion, it would be 38.4 times. Maruti Suzuki trades at 40 times FY23 earnings. Key Points
Economic TimesCitroen C3 Aircross vs Hyundai Creta: Comparison between SUVs
In India, the Hyundai Creta is priced between ₹10.8 lakh to ₹19.2 lakh. The starting price for the Citroen C3 Aircross is expected to be around ₹10 lakh (all prices, ex-showroom). Key Points
mintHyundai plans to discontinue sales of diesel sedans in India
Sales of diesel vehicles in the passenger car segment, which comprises hatchbacks and sedans, currently stand at 1.4% (April-February FY23), down from 11.4% in FY20, shows data from industry body Society of Indian Automobile Manufacturers (SIAM). Among peers, Maruti Suzuki, Skoda-VW, Renault-Nissan completely exited the diesel vehicle segment in the local market during the transition to BS-VI standards in April 2020. Hyundai, however, said it will continue to produce diesel variants for its SUV range. Key Points
Economic TimesBuy a car on Amazon? Soon that will be a reality as e-commerce platform strikes deal with Hyundai
Amazon has been gradually stepping into the automotive space, offering virtual showrooms for select brands and tools for comparing prices. Additionally, customers can purchase certain car parts and accessories through the website. Key Points
India Today
Mother of all IPOs: Hyundai Motor India files draft papers with SEBI for IPO of almost $3 billion
This IPO would be the first by an automaker in India in over 20 years since Maruti Suzuki went public in 2003. Hyundai is the country's second-biggest carmaker after Maruti Suzuki India. Key Points
Business TodayHyundai cars in India to get costlier from January 2024
New Delhi [India], December 7 (ANI): Cars manufactured by Hyundai Motor India will cost more starting January 2024. The automaker announced on Thursday that the price increase was needed owing to rising input costs, an adverse exchange rate, and an increase in commodity prices, amongst other reasons. However, the automaker maintains it will continue to […] Key Points
ThePrintHyundai Motor unit to buy General Motors' India plant in Talegaon, Maharashtra
South Korean automobile giant Hyundai Motor Co's Indian unit will buy automaker General Motors' Talegaon, Maharashtra plant, the company announced on Wednesday. Hyundai, India's second-biggest carmaker by sales, did not mention a deal value. Key Points
Economic TimesHyundai sells 60,501 units in Feb: Records highest-ever Creta sales, SUV contribution nearly two-third
Hyundai Motor India sold 60,501 units in February 2024. Of this, domestic sales stood at 50,201 units, marking a notable 6.8 percent growth compared to the previous year. Exports, on the other hand, stood at 10,300 units. Hyundai Feb Sales: SUVs lead the charge Key Points
Times Of IndiaPassenger vehicles see record wholesale deliveries
India Business News: The country's leading car manufacturers reported their best-ever monthly sales in the local market as wholesale volumes were up by more than 13% to 3,94,571 units in January. Top players such as Maruti Suzuki, Hyundai India, and Tata Motors reported strong sales in the month, indicating that demand continues to remain healthy. Key Points
Times Of India
From Hyundai Creta Facelift to Mercedes GLS Facelift: Upcoming car launches in January 2024
Kia will launch the 2024 Sonet facelift SUV in January, with deliveries expected to start in mid-January. Hyundai will unveil the 2024 Creta with updated aesthetics and additional features. Mercedes will introduce the GLS facelift SUV with cosmetic enhancements and possibly a new engine option. Key Points
mintHyundai IPO: Should you buy shares after its listing?
While the buzz surrounding the IPO is palpable, many brokerages are urging investors to take a cautious approach. They advise looking at Hyundai’s long-term growth potential rather than getting caught up in the excitement of quick listing gains. Key Points
India TodayHyundai drives in micro SUV Exter with price starting at Rs 5.99 lakh
Hyundai Motor India on Monday forayed into the entry-level SUV segment in the country with the launch of all-new model Exter, with introductory prices ranging between Rs 5.99 lakh and Rs 9.31 lakh (ex-showroom). Key Points
The Tribune IndiaFrom Hyundai Creta N Line to Tata Curvv: Upcoming SUVs expected to debut this year
Indian SUV market experiences growth with record-breaking sales in 2023. Tata set to launch innovative Curvv with digital features. Mahindra introduces Thar 5-door variant and XUV300 facelift. Hyundai to launch Creta N Line and Alcazar facelift with updated designs and features. Key Points
mintView: Oops, wrong Hyundai. India’s industrial policy misfires — again
It took a public notice from Hyundai Motor Co. — asserting that the successful bid by Hyundai Global Motors had nothing to do with it — for bureaucrats to realize that they had backed the wrong horse. Of the overall 50 gigawatt-hours of subsidized capacity, 20 gigawatt-hours had been earmarked for the South Korean firm. Key Points
Economic Times
Watch 2023 in a driver’s rearview mirror—from Coimbatore to Nathu la and UNESCO site
Our recent trip to Chakrata revealed a new part of the northern hills. It is reassuring that there are still some places in the hills left devoid of the maddening crowd. Key Points
ThePrintHyundai Motor's unit to buy General Motors' India plant
South Korea's Hyundai Motor Co (005380.KS) said on Wednesday its Indian unit will buy automaker General Motors' (GM.N) Talegaon plant in the Indian state of Maharashtra. Key Points
ReutersCarmakers record best-ever monthly sales in January; Maruti, Hyundai & Tata lead from the front
Indian carmakers Maruti Suzuki, Hyundai Motor India, and Tata Motors reported their best-ever monthly sales in January, with volumes growing by over 13%. Maruti Suzuki sold 166,802 units, Hyundai Motor India sold a record 57,115 units driven by the newly launched Hyundai CRETA, and Tata Motors saw sales increase by 12%. Two-wheeler companies Honda Motorcycle & Scooter India and TVS Motor Company also reported significant growth. However, commercial vehicle sales were subdued, with Tata Motors experiencing a decline, and Mahindra Tractors reporting a 17% decline in sales. Key Points
Economic TimesHyundai rolls out new Creta
Hyundai Motor India on Tuesday launched the new facelift Creta at prices starting from Rs 11 lakh (ex-showroom). It comes with a muscular look,... Key Points
The Tribune IndiaHyundai Motors finalises $5 billion battery joint venture in US
Hyundai Motors reported a net profit of 3.3 trillion won ($2.47 billion) for the January-March period versus a profit of 1.6 trillion won a year earlier Key Points
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AI chip firm Tenstorrent raises $100 mln from Hyundai, Samsung
Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group (005380.KS) and a Samsung (005930.KS) investment fund, among others. Key Points
ReutersHyundai Exter SUV spotted testing ahead of India debut, rivals Tata Punch and Citroen C3
From the spy shots, it is evident that the Exter SUV boasts squared wheel arches on its sides, with complementing alloy wheels. The vehicle's C-pillar has a dual-tone finish, while its black roof rails enhance its overall appearance. Key Points
mintHow Hyundai zoomed to biggest IPO milestone in India, where other foreign carmakers struggled
The first from a major auto player in over 2 decades, Hyundai Motor India is gearing up for a Rs 27,870 cr IPO launch Tuesday. Here’s a look at its ‘winning’ strategy and journey so far. Key Points
ThePrintHyundai's Creta N Line races into Indian showrooms, booking opened at ₹25,000: All we know so far
Hyundai is set to launch the Creta N Line on March 11 in India, with dealerships already receiving shipments. The SUV, priced between ₹19-20 lakh, boasts WRC-inspired design elements, a powerful 1.5L turbocharged petrol engine, and a sporty black and red interior theme. Key Points
mintHyundai Ioniq 5 EV gets facelift version with bigger battery. Check details
The facelift gets an 84 kWh battery pack as against the 77.4 kWh one on the regular model. Key Points
Hindustan Times
SUV mania: Car companies poised for bumper January sales
Maruti Suzuki and Hyundai, the leading carmakers in the country, are set to achieve their best January sales driven by strong consumer demand, particularly for SUVs. Industry estimates suggest that over 375,000 vehicles will be dispatched this month, an increase of more than 8% compared to January 2023. The share of SUVs in the domestic market is expected to grow to 52-53% this year. The preference for SUVs has led to an increase in the average selling price of passenger vehicles in India. Maruti Suzuki and Hyundai are confident about the continued demand for the rest of the quarter. Key Points
Economic TimesHyundai Creta facelift launched in India at ₹10.99 lakh. All you need to know
The revamped Hyundai Creta features changes to the exterior and interior design, an expanded array of features, and advanced driver assistance systems. It is available in three powertrain options. Key Points
mintMotown spreads Christmas cheer with best deals in 5 years
Several dealers and industry executives ET spoke to said discounts on vehicles have increased by 25-50% over the same period last year, with stocks in the channel burgeoning to 700,000 units after Diwali. Carmakers have not yet planned any production cut to balance inventory but annual maintenance shutdowns at companies like Maruti Suzuki later this month are expected to help pare dealer stocks, industry watchers said. Key Points
Economic TimesHyundai makes six airbags standard across all models
Hyundai Motor India on Tuesday said all its models in the country would now come with six airbags as standard. The automaker also announced that it has decided for voluntary participation in the recently introduced Bharat NCAP with three models to begin with, and more models to follow. PTI Key Points
The Tribune IndiaGeneral Motors Employees Union calls for chain hunger strike from Oct 2
The employee union of General Motors India is calling for a chain hunger strike to demand the transfer of all workers to Hyundai Motor, which plans to acquire the manufacturing facility in Talegaon. The union accused the government of not taking the unemployment issue seriously. General Motors stopped selling cars in India in 2017 and is selling its Talegaon plant to Hyundai. Key Points
Economic Times
Maruti races ahead in SUV sales in July
The country's largest passenger vehicle maker raced ahead of home grown automaker Mahindra & Mahindra in the fast-growing segment with sales of 42,620 units last month. Mahindra sold 36,205 units, while Hyundai Motor India was next at 32,991 units. Key Points
Economic TimesIn pics: Hyundai Exter, the smallest Hyundai SUV in India
Hyundai Exter was introduced in India today. Claimed to be the smallest among all Hyundai SUVs in the Indian market, Exter stands as the most budget-friendly option in its category from the brand. Here’s a look at its top features Key Points
mintAuto Inc puts pay hikes in top gear as profits surge
With the excellent efforts of employees, Maruti Suzuki has performed well in FY23, said Rajesh Uppal, member executive board, HR, Maruti Suzuki, which recorded the highest-ever turnover of ₹1 lakh crore. Our sales of 19.66 lakh units were the highest ever... the company recognises the efforts of employees and shares the fruit of their good work with them, Uppal told ET. Key Points
Economic TimesHonda Cars India unveils mid-sized SUV ‘Elevate’
Japanese auto major Honda on Tuesday unveiled its global mid-sized SUV Elevate in India which will take on the likes of Hyundai Creta, Kia Seltos and Maruti Suzuki’s Grand Vitara. It plans to launch five new SUVs, including a fully electric model, in India by 2030. PTI Key Points
The Tribune India‘21st century calls for 21st century policing,’ why NYPD is giving free Apple AirTags to car owners
NYPD is offering free AirTags to car owners, encouraging them to use it in thier car to protect from theft. The initiative comes after a TikTok video depicting an easily accessible exploit for breaking into Hyundai and Kia cars went viral on the internet. Key Points
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