Hyundai Financial News

Georgia Gov. Brian Kemp is telling world business leaders that the state must increase its supply of electricity produced without burning fossil fuels to meet industries’ demand for clean energy

₹6,000 crore in Maharashtra. The Indian unit of the Korean carmaker announced the deal in March 2023. With the acquisition, Hyundai's production capacity is expected to surge to one million from more than 800,000 currently.

Hyundai Motor India on Friday said it has completed the acquisition of General Motors India's manufacturing plant at Talegaon in Maharashtra. The country's second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos. The acquisition of the Talegaon facility has been completed after the fulfilment of certain conditions and the receipt of regulatory approvals from relevant government authorities and relevant stakeholders, Hyundai Motor India said in a statement.

Tata Motors, the country’s leading passenger electric vehicle maker, cautioned on Wednesday. Shailesh Chandra, managing director, Tata Motors’ passenger vehicles and passenger EV divisions, said hybrid vehicles use a small battery pack and a motor that relies heavily on a fossil-fuel engine, effectively making them gasoline-run vehicles.

India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars. That has upset the likes of Japanese automaker Toyota, which popularised hybrids with the Prius, and has since last year been urging India to cut taxes on them, saying they reduce carbon emissions compared to gasoline cars.

NEW DELHI : India's top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi's drive to reduce pollution, taxing them at just 5%, while the levy on hybrids is as high as 43%, just below the 48% imposed on petrol cars.

₹11 lakh, all the way up to ₹20 lakh ex-showroom. Garg expects the SUV to consolidate its leadership in the segment, as well as its contributions to the carmaker’s total sales in 2024, even as competition from manufacturers grows.

₹11 lakh. Since its initial introduction in 2015, the Creta has amassed a customer base exceeding 9.80 lakh in nearly nine years. Despite facing strong competition in the mid-size SUV segment, the Creta has consistently maintained its leadership position.

By Eric Onstad

Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India posted the highest-ever share of sales from rural markets in calendar year 2023 amid improved consumer sentiments and better liquidity among the rural rich. However, inflationary pressures weighed on rural demand for fast-moving consumer goods and consumer durables. While the share of rural sales at Maruti Suzuki, the country’s top carmaker, rose to 45% in CY2023, it stood at 19.1% at Hyundai and 40% each at Tata Motors and Renault India respectively. Senior industry executives ET spoke to said even in the rural markets, the gap in incomes between varied sets of consumers has been triggering demand more at the higher end of the market, which is expected to eventually percolate down and make broad based the recovery over the next few quarters. “Rural markets outpaced urban centres (at Maruti Suzuki) last year growing by 10.4%.

upcoming Hyundai Creta showcases notable alterations to its exterior design, improvements to the interior layout, an expanded array of features, and the introduction of Level 2 Advanced Driver Assistance Systems (ADAS). As per a report by HT Auto, it is highly likely that the pricing for the 2024 Hyundai Creta will surpass the current cost structure of the second-generation model. Currently, the Creta is priced between ₹10.90 lakh and ₹19.20 lakh (ex-showroom).

Hyundai Motor is set to invest a substantial amount of Rs 7,000 crore to revamp its recently acquired second plant in India. The automotive giant successfully acquired the dormant factory from General Motors Co., marking a significant development in the Indian automotive landscape. The investment agreement is poised to be officially signed at the annual World Economic Forum summit in Davos, Switzerland.

NEW DELHI : Automobile shipments from India declined 21% last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest Society of Indian Automobile Manufacturers (SIAM) data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5% to 6,77,956 units last year from 6,44,842 units in 2022.

As one of the nation’s first owners of General Motors’ new electric Chevrolet Blazer, James Hattin was loving the SUV—before the problems began. On a trip from the mountains back to his home in Burbank, Calif., he and his wife heard weird clicking noises coming from the dashboard. A short time later, the cruise control went out.

overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022.

ROG Phone 8 series, featuring the latest Snapdragon 8 Gen 3 chipset. Despite a decrease in battery capacity, the series promised improvements such as reduced bezels, water and dust protection, and lighter weight. NVIDIA launched the GeForce RTX 4080 SUPER chip, offering enhanced gaming and generative AI performance.

ChatGPT entering cars to massive dashboard displays for streaming and gaming and autonomous driving, cars of the future took a dramatic uplift at the global tech show in Las Vegas. German automaker Volkswagen announced plans to bring AI chatbot ChatGPT into its cars, integrated into its IDA voice assistant.

From electric cars to transparent TVs to the latest accessibility tech and virtual assistants backed by artificial intelligence, there was a wide range of innovations on display at the CES tech show in Las Vegas this week

The top U.S. telecommunications regulator is asking automakers how they plan to protect people from being stalked or harassed by partners who have access to vehicle location and other data

Shares of electric vehicle giant, Tesla (NASDAQ:TSLA) are down nearly 3% in afternoon trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.

Factory workers at Tesla have been told to expect pay raises this year