Hyundai Financial News

Alan Ruck over a multi-vehicle crash on Halloween night that left the car driver with severe injuries. As per a complaint filed in Los Angeles Superior Court, the attorneys for the victim, identified as Horacio Vela, are seeking unspecified damages against Ruck, alleging negligence by the star.

The EV trend in the US at the end of 2023 is a little tough to tease out

North Korea's Kim Jong Un's satellite snaps White House, Pentagon As per United Nations data, the average number of children being born in North Korea by a mother stood at 1.8 as of 2023 amid an extended fall in birth in recent decades. The figure remains higher than North Korea's neighbours which are also witnessing a downward trend.

Gloster SUVs, along with two electric vehicles, Comet EV and ZS EV. Notably, the carmaker had previously raised the prices of its flagship SUVs, Hector and Gloster, in August of this year. MG Motor has justified its latest decision to increase prices, citing the necessity to address escalating production costs.

Hero MotoCorp, Bajaj Auto, Eicher Motors (RE) shined after strong November month sales. Hero MotoCorp, Eicher Motors with gains of close to 2% stood amongst key Nifty gainers while Bajaj Auto with gains of close to 1% was also not much behind on a day when Nifty with gains of more than 1.5% scaled new highs.

Hyundai has not disclosed the precise date of the price revision or the extent of the hike for its models. Hyundai Motor is gearing up for another round of price increases, just months after the implementation of its last hike in August of this year. The prices of models such as Venue, Verna, and Tucson were raised by up to ₹48,000 during the previous adjustment.

Tata Motors, wholesales of passenger vehicles were 1% lower y-o-y in November, with a modest 7% increase in its EV sales. Mahindra & Mahindra, however, clocked a 32% growth in its utility vehicle wholesales in November, riding on an improvement in supplies and strong demand for SUVs in the market. SUVs accounted for over 53% of all PVs delivered to dealers in November—the highest in a month.

Though the growth rate moderated when compared with the previous few months, in terms of absolute numbers, passenger vehicle wholesales last month were the best-ever for November in the domestic automobile industry. According to industry estimates, about 335,354 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, an increase of 3.9% over 322,600 units sold in the same period last year. Industry numbers were supported by market leaders Maruti Suzuki and Hyundai Motor India which reported a growth of 1.3% (134,158 units) and 3.1% (49,451 units), respectively last month. Shashank Srivastava, senior executive officer (marketing and sales) at Maruti Suzuki said, “This is the 11th straight month that the industry has reported best-ever sales for the month. Better availability of vehicles with the easing of the semiconductor shortage helped boost sales in the festive period in the first two weeks of last month.” For the whole month, demand at Maruti Suzuki remained healthy with bookings increasing by 7%, he said.

The United Auto Workers union has announced plans to try to simultaneously organize workers at more than a dozen nonunion auto factories

The United Auto Workers (UAW) union announced Wednesday their plan to unionize electric vehicle maker, Tesla (NASDAQ:TSLA) as well as the entirety of the nonunion auto industry in the United States.

Nippon Industrial Fastener Corporation (NIFCO) Korea’s group company NIFCO South India Manufacturing, for setting up the company's new automotive plastic components manufacturing plant in the state at an investment of Rs 288 crore. The company plans to set up a factory in Gauribidanur to manufacture automotive plastic parts in Chikkaballapur district. It is expecting to hire about 400 employees, 65% of which will be women.

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43-inch LED TV category is gaining prominence due to its suitability for a variety of living spaces. It offers an immersive viewing experience without overpowering smaller rooms yet provides a substantial screen size for larger areas. As technology continues to advance, these TVs boast impressive features that elevate the overall visual delight.

ACC) production-linked incentive scheme with a 20-GWh capacity by December, an official in the know said. The move offers an opportunity for applicants who did not qualify in the initial round, or couldn’t apply to avail the incentives for creating battery storage capacity in India. The heavy industries ministry is likely to conclude consultations with the ministry of new and renewable energy by December.

German automaker, Volkswagen (ETR:VOWG_p) revealed Wednesday its decision to increase salaries for production workers at its Chattanooga assembly plant in Tennessee by 11%. This announcement comes weeks after the United Auto Workers union secured substantial pay and benefit raises from the Detroit Three automakers.

(Reuters) — Car companies with production facilities in the United States are bumping up pay for their non-union workers after the United Auto Workers (UAW) secured record wage hikes and benefits for union workers at the Detroit Three automakers.

₹328.60 apiece after gaining 20% in the previous trading session. This remarkable uptick in shares can be attributed to the company's multiple order wins.

Simrat Sooch of Stoney Creek, Ont., was a true believer in electric vehicles.“The first one I had was very reliable,” said Sooch, so he didn’t hesitate to trade up.He bought a 2017 Ioniq made by Hyundai. Sooch was its second owner.

The United Auto Workers union has overwhelmingly ratified a new contract with Ford and Stellantis, a pact that, along with similar deals with General Motors, will raise pay across the industry

₹700 crore on our battery assembly plant in Chennai, Tamil Nadu, which will have a capacity of 75,000 battery packs annually in the first phase by 2025," Gopala Krishnan, chief manufacturing officer, HMIL, added. Unsoo Kim, the carmaker’s chief executive in India told Mint that while the world is currently depriortizing an EV transition, it is a temporary phenomenon.

India offers to facilitate local manufacturing of electric vehicles will be equal for foreign as well as domestic investors, government officials said, amid concerns raised by automakers in India over possible concessions in import duty to American carmaker Tesla. Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions. «The government's approach is for the industry as a whole and not for any specific company because we have very strong domestic companies in this sector,» said an official, adding that any incentives offered will be equal for domestic and foreign investors. The government is in the process of drawing up a policy to incentivise local manufacturing of electric cars, at a time when US EV maker Tesla and its relatively lesser-known Vietnamese rival VinFast are firming up their India entry strategy. While policy guidelines are yet to be finalised, local carmakers said offering concessional tariffs to Tesla will adversely impact investments that have already been made or are being made by them to produce electric vehicles.