Hyundai Financial News

₹16.82 lakh ex-showroom, the company said on Monday. Tarun Garg, chief operating officer, Hyundai Motor India, said that the Creta N Line will feature a 1.5-litre turbo engine not available in the standard Creta. The model will have a tuned suspension to further enhance its performance, rear disc brakes and 18-inch alloy wheels to appeal to performance-oriented customers.

When David Finkelstein and his wife first got their new Hyundai EV, they drove it for months without a hitch. Then, the Ioniq 5 SUV started to repeatedly fail, rendering it inoperable. He couldn’t even open the door at times.

car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by better-than-expected economic growth especially in the last two quarters, favourable monsoons despite the El Nino conditions, and effective monetary policies that helped rein in high inflation without affecting domestic consumption buoyed demand, industry insiders said. Earlier in the year, the industry had estimated sales of 4 million units and 4.13 million units.

car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by better-than-expected economic growth especially in the last two quarters, favourable monsoons despite the El Niño conditions, and effective monetary policies that helped rein in high inflation without affecting domestic consumption buoyed demand, industry insiders said. Earlier in the year, the industry had estimated sales of 4 million units and 4.13 million units.

₹43,000, covering a variety of Hyundai vehicles including the i20 and Grand i10 Nios hatchbacks, the Aura sub-compact sedan, and the Venue sub-compact SUV. Grand i10 Nios Among these models, the Grand i10 Nios stands out with the most substantial discount, enabling customers to save up to ₹43,000. This offer comprises a cash discount of ₹30,000, an exchange discount of ₹10,000, and an additional ₹3,000 as a corporate discount.

₹25,000. The forthcoming Hyundai Creta N Line promises a captivating blend of cosmetic enhancements and interior modifications, designed to elevate the driving experience to new heights. Revealed by the brand, the 2024 Creta N Line boasts a striking all-black theme within the cabin, accentuated by vibrant red accents on the upholstery and red piping on the seats.

₹9,99,990. The Hyundai Venue Executive variant boasts several notable features across its exterior, interior, technology, convenience, safety, and powertrain aspects. Notable exterior elements include R16 dual-tone styled wheels, dark chrome front radiator grille, roof rails, and a shark fin antenna.

Verna, Creta and Tata's Nexon, Punch. The Hyundai Verna has garnered popularity as a sporty mid-size sedan taking on heavyweights like the Honda City and Maruti Ciaz. Its introductory pricing combined with regular updates spanning styling and features make it an excellent value luxury sedan.

SAO PAULO (Reuters) — Japanese auto maker Toyota (NYSE:TM) this month will announce an 11 billion real ($2.2 billion) investment in Brazil, local newspaper O Globo reported on Sunday.

Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle

Tata Motors, Mahindra, and Hyundai argue against any preferential tax treatment for these vehicles. These companies account for over 85% of the Indian car market, effectively making this an industry-wide discord. Both the camps have lobbied with various government departments and ministries, including the Prime Minister’s Office.

sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel — air taxis. Hyundai's Supernal and Embraer-backed Eve Air Mobility are developing electric aircraft that take off and land vertically. The idea is that such air taxis might provide a sustainable form of air transport for densely populated cities and areas with less developed public transport networks. Experts say they could help offset carbon emissions from the traditional aviation sector, but there are plenty of technological and regulatory challenges to making air taxis commercially viable.

As the aviation sector seeks ways to make air travel less polluting and more sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel -– air taxis

Also Read: Auto Q3 Result Review: Expect positive momentum to sustain, says Nuvama; picks Hero Moto, M&M, Minda The fundraising by Hyundai would put the valuation of its Indian operation at more than half its market capitalisation of around $47 billion in Seoul, the report added. Some domestic Indian investment banks are also likely to be appointed for the IPO in coming months.

Hyundai is recalling more than 90,000 Genesis vehicles due to a fire risk and owners are advised to park outside and away from structures until a repair is completed

Hyundai Motor India is taking a significant leap towards making electric vehicles more accessible across the country. The company has recently expanded its ultra-fast EV charging network by setting up 11 new charging stations in various cities and along major highways. These new charging stations are strategically placed to benefit cities like Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore. They are also located along highways such as Delhi-Chandigarh, Delhi-Jaipur, Hyderabad-Vijayawada, Mumbai-Surat, and Mumbai-Nashik. The aim of these charging stations is to provide quick and convenient charging options for electric vehicle owners. Most of them operate 24/7, catering to both city dwellers and long-distance travelers. The charging stations utilize advanced technology that enables vehicles to be charged rapidly and efficiently. For example, the Hyundai IONIQ 5, one of Hyundai's electric vehicle models, can be charged from 10% to 80% in just 21 minutes using these chargers. To make the charging process even more convenient, customers can use the MyHyundai app. The app allows users to discover charging stations, navigate to them, pre-book charging slots, make digital payments, and monitor the charging status. Looking ahead, Hyundai plans to further expand its ultra-fast charging network to 10 or more new locations by 2024. Additionally, as part of an agreement with the Government of Tamil Nadu, Hyundai aims to install 100 charging stations by 2027.

By Riju Mehta & Rohit Shah If you are planning on buying a car this year and your budget is between Rs 20 lakh and Rs 40 lakh, then here are five exciting new launches you should know. ET Wealth and Cardekho.com are here to help you with your car buying decision with the line-up of the most-awaited launches in 2024. HYUNDAI CRETA

Some influential dealers are pressing General Motors to introduce hybrid models, worried they risk losing customers who aren’t ready to make the switch to fully electric cars. Dealers who serve on advisory committees to the automaker have urged executives in several recent meetings to add hybrids to GM’s lineup, according to people involved in the discussions. GM has focused on fully electric cars in recent years and largely bypassed hybrids, which pair an internal combustion engine with a small battery and electric motor to boost fuel efficiency.

Munawar Faruqui secured the winner's title for the 17th season of the widely popular reality show, 'Bigg Boss.' Known for his witty one-liners and captivating presence, the stand-up comedian not only claimed the coveted trophy but also bagged a substantial prize of Rs 50 lakh.

₹12,000 crore, the people cited above said on the condition of anonymity. FAME-II, which expires on 31 March 2024, doles out demand-side cash subsidies on the sale and purchase of hybrid and electric four-wheelers for commercial use if they meet certain price and performance criteria.

By Joseph White