Hyundai Financial News

Domestic passenger vehicle sales hit a record in August led by highest-ever monthly dispatches from Maruti Suzuki on the back of festive demand and the continued strong offtake of SUVs. Hyundai Motor India, Mahindra & Mahindra and Toyota Kirloskar Motor also reported strong dispatches to dealers last month. Tata Motors, however, saw a dip in domestic passenger vehicle sales in August. «The month of August was a very good month for the industry.

Hyundai i20 facelift hatchback is set to undergo several exterior design modifications. Recent sightings of the refreshed i20 on Indian roads have revealed notable changes, particularly at the front. Spy shots suggest that the front end of the i20 will receive updates, including revisions to the grille and LED headlight units.

Tata Motors has provided a sneak peek at the upcoming facelift version of its popular SUV, the Nexon, ahead of its scheduled launch later this month. The official unveiling of both the Nexon SUV and the Nexon EV in their refreshed forms is set for September 14. The Nexon facelift SUV is poised to bring forth a range of alterations in its design and features, both internally and externally.

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's under construction in Georgia

National Highway Traffic Safety Administration has set guidelines for “quiet cars" to protect pedestrians—especially people who are blind or have low vision. Under 19 mph, the cars must emit some sound. My Mach-E beeps when I reverse.

Electric vehicle tax credits aren’t just for new EVs anymore

NEW DELHI : As India’s annual festive season takes off with the 10-day Onam festival, hopes are high at the country’s automobile manufacturers, at a time of rising rural sentiments and fading supply chain woes. Sales of both passenger vehicles (PVs) and two-wheelers are expected to be significantly higher this year, according to industry executives. The festive season traditionally begins with the Chingam, the beginning of the Malayalam new year.

Electric vehicle tax credits aren’t just for new EVs anymore

electric vehicle batteries, the company said in an official statement. Earlier in May this year, Hyundai Motor Co announced to investment of around 2 trillion won ($1.51 billion) in Ulsan, South Korea to build a designated electric vehicle (EV) factory.

Car dealers in India are estimated to end the current month with a four-year high stock as automakers resorted to pumping up inventory in anticipation of a good festive season, driven by pricier SUVs. They are estimated to end the current month with stocks of 310,000-325,000 units worth ₹24,000-26,000 crore, equivalent to 8-9% of annual sales of a car company, as per industry estimates. The expected inventory is a 7.6% jump from September 2019 levels when car inventory had reached around 300,000 units. The sales push also comes as companies seek to make the most of the new model launches and an eased availability of semiconductors.

Ola Electric has applied for certification to claim incentives under the government's production-linked incentive (PLI) scheme, becoming the third auto company eligible for subsidies after Tata Motors and Mahindra & Mahindra, a senior industry executive aware of the development said. All three are eligible to claim subsidies under the ₹25,938 crore-PLI scheme for auto and auto parts makers floated by the ministry of heavy industries (MHI) to promote local manufacturing. «It (certification for Ola Electric) is in process. Three Indian companies have so far applied for certification (to Automotive Research Association of India or ARAI) under PLI Auto.

NEW DELHI : Maruti Suzuki, Mahindra & Mahindra & Hyundai Motor India are among automakers that have offered initially at least a dozen vehicle models for testing under India’s first crash-test safety rating programme, which is modelled after the Global NCAP, according to industry officials. The government’s Bharat New Car Assessment Programme (BNCAP) will award a star rating out of five for adult and child occupant protection respectively to passenger vehicles based on their performance in a crash test at a speed of 64 kmph. The test, which is completely voluntary for automobile companies, will begin from October.

It’s not surprising, then, that car theft has also become high-tech.

Hedera Hashgraph (HBAR) continues to trade in tight-fought consolidation above the 200DMA, but with two-failed tests at resistance, many are now saying 'Hedera is going to zero' - find out in this HBAR price analysis.

Hyundai Motor India introduced the 2023 Venue in the domestic market at a starting price of ₹7.68 lakh (ex-showroom). Recently, the automaker has disclosed an upward adjustment in the pricing of its sub-four-metre SUV. Following this alteration, the base E variant of the Hyundai Venue has experienced an increase in price by up to ₹5,300, while the rates for the other variants remain unaffected.

Indian market, reported GaadiWaadi. The redesigned version has been observed undergoing extensive testing as it prepares for its debut in early 2024. According to the report from the publication, the upcoming iteration of the Creta is positioned to make a distinct entrance, potentially bringing a transformative touch to the market through its improved features and aesthetic enhancements.

A federal judge on Wednesday declined to approve a proposed settlement in a class-action lawsuit prompted by a surge in Hyundai and Kia vehicle thefts, saying it fails to provide “fair and adequate” relief to vehicle owners

A federal judge on Wednesday declined to approve a proposed settlement in a class-action lawsuit prompted by a surge in Hyundai and Kia vehicle thefts, saying it fails to provide “fair and adequate” relief to vehicle owners

Hyundai Motors North America has issued a safety recall of 63,128 cars in Canada and the United States.Of those recalled vehicles, 11,120 are in Canada, Jennifer McCarthy, a spokesperson for the company, told Global News Wednesday.The vehicles are being recalled as a safety measure due to an issue with the transmission electric oil pump for the Idle Stop & Go System (ISG), which poses a potential fire risk.The model year 2023-24 Hyundai Palisade vehicles and model year 2023 Tucson, Sonata, Elantra and Kona vehicles produced for sale in the U.S. and Canada have been affected by the recall.McCarthy said owners can continue to drive the affected vehicles, but they are being advised to park these cars outside and away from structures until the recall remedy is completed.She added that owners of the recalled vehicles will be notified by mail with instructions to bring their vehicles to a Hyundai dealer to inspect and replace the electric oil pump controller if required.“The transmission electric oil pump for the Idle Stop & Go System (‘ISG’) in the subject vehicles might have been assembled with printed circuit boards (‘PCB’) that were damaged during manufacturing by the oil pump controller supplier,” McCarthy said.“A damaged capacitor on the pump controller PCB could impact electrical operation leading to heat damage to the electric oil pump circuit board, connector, and wiring harness.

Hyundai Motor India, signed an asset purchase agreement to acquire General Motors' Indian plant. Hyundai said manufacturing operations at the plant are planned to commence in 2025.

Hyundai keeps its focus on testing the upcoming Creta facelift on Indian roads, heightening expectations for its imminent debut, potentially within the coming months. The refreshed model is anticipated to grace the local market by early next year. Shared in a report by MotorBeam, the latest images reveal the 2024 Creta shrouded in substantial camouflage.