Hyundai Financial News

Hyundai says it will set up “mobile clinics” at five U.S. locations to provide anti-theft software upgrades for vehicles now regularly targeted by thieves using a technique popularized on TikTok and other social platforms

Construction of Hyundai's first U.S. plant dedicated to making electric vehicles is moving quickly

The Federal Aviation Administration finally has a Senate-confirmed leader

By Heekyong Yang and Joyce Lee

Samsung SDI said on Monday it will supply Hyundai Motor with electric vehicle (EV) batteries for seven years starting 2026, marking the first battery supply deal between the two companies. «The latest supply deal marks the first ever partnership between Samsung and Hyundai Motor Group in the field of electric vehicle batteries,» Samsung SDI said in a statement. The battery maker, which supplies to General Motors Co, Stellantis, and BMW among others, added that it will supply prismatic batteries manufactured at its factory in Hungary for Hyundai Motor's EVs targeting the European market from 2026 through 2032.

President Joe Biden's pick to lead the Federal Aviation Administration has moved a step closer to Senate confirmation

The automotive experts at Edmunds test SUVs of all shapes, sizes and prices

₹5 crore for its athletes, who performed well at the recently concluded 19th Asian Games in Hangzhou, China, a top company official has said. “For the Asian Games winners represented by JSW Sports, we are currently evaluating various deals ranging from ₹5,00,000 to ₹5 crore depending on the statute of the individual athlete and the sponsorship deal’s scope. These deals range from product support to influencer campaigns to content partnerships to brand endorsements & appearances," said Divyanshu Singh, chief operating officer, JSW Sports.

NEW DELHI : Earlier this month, carmaker Hyundai announced plans to offer advanced driver assistance systems (ADAS) across its entire product range in India. Why has it become fashionable to talk about ADAS and what is spurring its growth? Mint explains: ADAS uses a system of sensors, cameras and artificial intelligence to enhance a driver’s ability to drive safely and comfortably. Depending on the degree of automation, ADAS is offered in 5 tiers, with tier 5 being fully autonomous driving.

electric cars, a move aimed at laying a level playing field for the industry. Local manufacturing will also boost employment generation while bringing down overall car prices. The Department for Promotion of Industry and Internal Trade (DPIIT), which operates under the aegis of the ministry of commerce & industry, has commenced discussions to put in place a scheme for subsidising electric four-wheeler makers linked to investments made by these companies for producing vehicles in the country, senior officials in the know told ET.

₹16,000 in this latest update. When it was introduced in July this year, the SUV had a starting ex-showroom price of ₹6 lakh. It competes with models such as the Tata Punch and Citroen C3 in the compact SUV segment.

festive offer on its ZS EV. The electric car now starts at Rs 22.28 lakh for the Excite variant, Rs 24.99 lakh for the Exclusive Variant, and Rs 25.89 lakh for the exclusive pro model.

Hyundai and Kia say they're adopting North American Charging Standard ports for their electric vehicles in the U.S. and Canada, which will give the vehicles access to thousands of Tesla Superchargers across the two countries and Mexico

Hyundai announced its plans to adopt Tesla's electric vehicle (EV) charging standards. This strategic decision positions Hyundai alongside other automotive giants such as Ford, General Motors, Honda, and Polestar, all seeking to provide their drivers access to Tesla's rapidly expanding supercharger network as the electric vehicle competition intensifies.

six airbags as a standard feature in this model. Hyundai also announced its intention to send three vehicles to Bharat NCAP for comprehensive crash testing. This suggests that the Verna may have been one of the final cars to undergo testing by Global NCAP, adds the report.

₹8,000-9,000," said Tarun Garg, chief operating officer (COO), Hyundai Motors India, told Mint. Hyundai's strategy to grab an edge back from the competition involves a three-pronged strategy: make advanced safety features such as ADAS (advanced driver assistance system) available as an optional feature in more of its current line-up of products (from 38% at present to 60% by 2024 and eventually 100% of its model range), make active safety features such as ESC (Electronic Stability Control) with VSM (Vehicle Stability Management) available in one or more trims across all models, and make basic passive safety equipment like six airbags for passenger and driver, three-point seatbelt and seat belt reminders standard across all models. "We enhanced our ADAS offering from a single model (Tuscon) to five models, including the Exter, in just one year, The response has been very good.

General Motors on Monday maintained that it has done everything possible to resolve amicably the deadlock with workers at its now-closed India factory near Pune, including offering compensation at seven times the statutory requirement, even as more than 1,000 sacked workers began an indefinite chain hunger strike. The striking former workers are protesting unemployment and their non-absorption by Hyundai Motor India, which has signed an initial agreement to acquire the Talegaon facility. The American automaker is now keen on signing the final agreement with Hyundai Motor India, a spokesperson at GM said. «Everyone previously employed by General Motors at the Talegaon plant has been legally separated from GM and were offered a separation package more than seven times the statutory requirement.

Demand for critical minerals like nickel and cobalt is surging as climate change hastens a transition to renewable energy, boosting carbon emissions by miners and processors of such materials

In percentage terms, sales rose by a modest 2% during the month, hemmed in by a high year-earlier base which saw robust post-pandemic pent-up demand. Companies mostly report wholesale dispatches from plants to dealerships and not retail sales to customers. While demand for sport-utility vehicles remained robust amid a spate of new launches, there continued to be some pressure on sales on entry-level cars. Senior industry executives, however, are optimistic that the demand momentum will sustain and lift sales across segments this festive season. Shashank Srivastava, senior executive officer (marketing and sales) at market leader Maruti Suzuki said monthly sales of passenger vehicles reported the best-ever performance for the ninth straight month in September. Half yearly sales too crossed the two-million mark for the first time as consumer demand remained buoyant.

Kia Seltos, Mahindra XUV700, Honda City and Hyundai Venue amid continued strong demand. While Kia India has raised prices of its newly launched Seltos, as well as multipurpose vehicle Carens, by up to ₹50,000 with effect from October 1, Mahindra's popular SUVs Scorpio Classic, Scorpio-N, XUV300, XUV700, Thar have become dearer by up to ₹81,000. Hyundai too has increased prices of its SUVs Venue and Tucson by up to ₹48,000. Prices of Honda Cars' City and Amaze sedans have also been increased, albeit by a more modest up to ₹7,900. Some carmakers said a rise in input costs, which were not fully passed on to customers last year, necessitated the latest revision in vehicle prices.

Automakers in India set a record in monthly sales selling 363,733 cars and sport-utility vehicles in September as they accelerated dealer dispatches from factories to build stocks ahead of key festivals of Dussehra and Diwali. Sales rose by a modest 2% during the month, hemmed in by a high year-earlier base which saw robust post-pandemic pent-up demand. While demand for SUVs remained robust amid new launches, there continued to be some pressure on sales on entry-level cars. Senior industry executives, however, are optimistic that the demand momentum will sustain and lift sales this festive season. Shashank Srivastava, senior executive officer (marketing and sales) at Maruti Suzuki, said monthly sales of passenger vehicles reported the best-ever performance for the ninth straight month in September.