Hyundai Financial News

An industrial park being built in Indonesia on the tropical island of Borneo that has attracted billions of dollars in foreign and domestic investment is damaging the environment in an area where endangered species live and migrate

Tata Motors has launched its much awaited Tata Nexon facelift in India today. Starting at an introductory price of ₹8.09 lakh, the SUV is available in 11 variants and six colurs. Interested buyers can book the SUV for ₹21,000.

Georgia will give Hyundai Motor Group a projected $2.1 billion in tax breaks and other incentives to build electric cars and batteries in the state

Read More)Wipro Holdings (UK) has completed the transfer of its entire shareholding in Wipro 4C NV to Wipro IT Services UK Societas, with the effective date being September 12, according to reports. Both Wipro Holdings (UK) and Wipro IT Services UK Societas are wholly-owned subsidiaries of the company, while Wipro 4C NV operates as a step-down subsidiary.

By David Shepardson

passenger vehicles in the country increased to its highest-ever level last month on back of robust demand for sports utility vehicles, however, wholesale volumes of entry cars and motorcycles remained weak due to pressure on disposable income of consumers at the lower end of the market. According to data available with industry body Society of Indian Automobile Manufacturers (SIAM), as many as 359,228 passenger vehicles were sold in August, which is an increase of 9.4% over 328,376 units sold in the corresponding period of the last financial year.Vinod Aggarwal, President, SIAM said, “Last month saw the highest ever August month sales for passenger vehicles and three-wheelers, while two-wheeler sales remained at levels similar to a year ago. We have also observed good growth in commercial vehicle segment in August 2023. Demand remained strong especially for newer models launched in the utility vehicle segments by Maruti Suzuki, MG Motor and Hyundai, mirroring the shift in consumer preference towards feature-packed larger cars.

Ujjivan SFB. Goldman Sachs recommends a buy rating on HDFC Bank while Citigroup maintains a sell rating on Persistent Systems and ICICI Securities initiated a coverage on Craftsman Automation with a target of Rs 5557.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Persistent Systems: Sell| Target Rs 3790 The Q2 is likely to remain soft compared to expectations. Persistent has performed well recently in the last 1 month.

Hyundai Motor India Limited has introduced the refreshed i20 premium hatchback in India, with prices ranging from ₹6.99 lakh to ₹11.01 lakh, exclusive of showroom charges. The 2023 version of the i20 boasts cosmetic enhancements, additional features, and upgraded safety features, while discontinuing the turbo-petrol engine. Hyundai is also providing the option of an extended warranty, covering up to three years or one lakh kilometers.

Tata Motors has unveiled the 2023 Nexon EV facelift, featuring significant improvements compared to the previous model. The electric SUV now adopts the Curvv-inspired design language, similar to its petrol and diesel counterparts. Furthermore, the updated Nexon EV introduces several pioneering technological enhancements.

President Joe Biden has nominated a former Obama administration official to lead the Federal Aviation Administration, which has been without a permanent leader for a year and a half

President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration, which has been without a permanent leader for a year and a half

A South Korean maker of automotive seating will build a $35 million factory in eastern Georgia to supply a new Hyundai Motor Group plant outside Savannah

Hyundai, the country's second-largest carmaker, is steadfast in its commitment to this fuel. Tarun Garg, COO of Hyundai in India, emphasized the company's success with diesel variants and its determination to maintain a competitive edge. This decision stands out as Hyundai's key rival, Maruti Suzuki, has completely abandoned the diesel category, with other brands like Skoda, VW, and Audi following suit. «Demand remains strong for our diesels.

Mint explains the current developments in the EV industry in the country: Even though the Indian EV industry is in its early stages, the growth plan under the ‘Make in India’ initiative aims to make the country a manufacturing hub for various sectors including the EV industry. The government aims to achieve 100% local production of EVs under this initiative.

Honda Cars India, the local unit of the Japanese automaker, on Monday launched its mid-sized sport utility vehicle (SUV) Elevate, marking its return to the popular SUV sub-segment in the country. The starting ex-showroom price for this model is ₹11 lakh, and the top-end variant is priced at ₹16 lakh.

Honda Cars has officially entered the compact SUV segment with the launch of the Elevate SUV. The all new Honda Elevate comes at a starting price of ₹10,99,900 (ex-showroom). Whereas, the top end variant will be available for ₹16 lakh (ex-showroom).

Hyundai Motor on Monday launched the N brand's first all-electric model, the Ioniq 5 N, in the domestic market as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N, first unveiled at the 2023 Goodwood Festival of Speed in Great Britain in July, comes with an 84 kWh battery pack and can accelerate from zero to 100 kph in 3.4 seconds, the company said in a statement. The new model represents a new segment of driver-focused high-performance EVs since it boasts advanced cornering and racetrack capabilities as an everyday sportscar, reports Yonhap news agency. It is priced at $58,000 after individual consumption taxes and tax benefits given to environment-friendly vehicles. It can travel about 350 kms on a single charge, the statement said. Ioniq 5 N combines the standard Ioniq 5 model's electric global modular platform (E-GMP) with N's motorsport-bred technologies.

About a third of first-time car buyers in the Indian market now drive home an SUV compared to less than a tenth a decade ago, when hatchbacks ruled the country's roads, according to industry data. The share of additional and replacement buying in the category during this period has fallen to 69% from a whopping 92% in 2014. «There is not only an increased preference for the body type, with the introduction of more compact models there is a price overlap between entry SUVs.

Maruti Suzuki Grand Vitara, Hyundai Creta, Kia Seltos and Tata Nexon 2023. The Japanese automaker is set to launch the Elevate SUV with seven single colour options - Platinum White Pearl, Lunar Silver Metallic, Obsidian Blue Pearl, Radiant Red Metallic, Golden Brown Metallic, Meteoroid Gray Metallic and Phoenix Orange Pearl. The Honda Elevate will come with a 10.25-inch touchscreen infotainment system, compatible with wireless smartphone connectivity.

India manufacturing foray is being closely watched, India’s ambition to be on the global EV manufacturing map is palpable. While every state wants a piece of the EV pie, there is one that has had its eyes firmly set on the space for a while — Tamil Nadu. Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.

Hyundai and LG Energy Solution are spending an additional $2 billion and hiring an extra 400 workers to make batteries at the automaker's sprawling U.S. electrical vehicle plant that is under construction in Georgia