Hyundai Financial News

Subscribe to enjoy similar stories. Hyundai Motor India Ltd's proposals to buy goods and services in excess of ₹31,000 crore next financial year from related companies, which could be more than half the purchases it made in the previous fiscal, have divided two of the country's leading proxy advisory firms. Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IiAS), both based in Mumbai, have put out contrasting notes on Hyundai's resolutions for dealing with seven related companies.

Elon Musk's electric car maker Tesla, which has been actively exploring opportunities to enter the Indian market, is opening a showroom in Mumbai’s upscale business district Bandra Kurla Complex (BKC) to sell its imported cars. Tesla has plans to set up a manufacturing plant in Maharashtra. The most popular electric car brand in the world has long been seen as a heavyweight which will disrupt Indian's nascent electric vehicle (EV) market. But Indian automaker don't seem to be scared of Musk's India venture. JSW Group Chairman Sajjan Jindal has doubted Musk’s ability to crack the Indian market, asserting that local giants Tata Motors and Mahindra & Mahindra are now deeply entrenched. JSW Group has a JV with China's SAIC Motor, JSW MG Motor India Pvt. Ltd, which sells EVs such as MG Comet EV, MG ZS EV, MG Windsor EV, MG 4 EV, and MG M9 EV. It is planning to launch several new EV models in 2025, including the Cyberster, an electric sports car. India's EV sales are merely 2.5% of the total passenger vehicle sales. Can Indian EV makers take on the world's biggest EV brand while they are still in their infancy?

Hyundai Creta EV, launched at the Auto Expo 2025, starts at ₹17.99 lakh (ex-showroom). It offers five main variants and two battery options: 42 kWh and 51.4 kWh. The model with the 42 kWh battery boasts a single-charge range of 390 km, while the 51.4 kWh model reaches 473 km.

electric vehicles globally by 2030, José Muñoz, President & CEO of the Hyundai Motor Company (HMC) said. Munoz, who was in India to review operations at the Indian subsidiary Hyundai Motor India Limited (HMIL), said, the company is committed to make EVs more accessible and suited to needs of Indian consumers. “With HMC’s target to sell 2 million EVs by 2030 globally, India will play an important role in achieving this milestone”, Munoz said, adding, “HMC will continue to support HMIL to expand its EV offering and invest in the necessary infrastructure to support this shift.” Hyundai Motor India — which launched the Creta EV earlier in January this year targeting customers in the mainstream market — plans to launch three more EVs in the coming years. Prior to the launch of the Creta EV, the company had a sole electric vehicle Ionia 5 on sale (at the upper end of the local passenger vehicle market).

Mahindra & Mahindra (M&M), driven by strong demand for its range of SUVs, raced past Korean rival Hyundai Motor in February to grab the second spot in India's passenger vehicle market behind leader Maurti Suzuki. The Mumbai-based manufacturer of the XUV700 and Thar Roxx SUVs sold 50,420 passenger vehicles, up 19% from a year earlier, in a month when industry sales were estimated to be subdued, growing just around 2% amid tepid consumer demand.

Maruti Suzuki on Saturday reported marginal growth while Hyundai and Tata Motors posted a decline in their sales in February as a slowdown in the market continued with demand remaining muted. On the other hand, Mahindra & Mahindra and Toyota Kirloskar Motor posted double-digit growth riding on their SUV and MPV models. Maruti Suzuki India (MSI) said its total domestic passenger vehicle sales were at 1,60,791 units last month as compared with 1,60,271 units in the year-ago month, a marginal year-on-year growth. Sales of the company's mini segment cars, comprising Alto and S-Presso, declined to 10,226 units as against 14,782 units in same month last year, while those of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, rose to 72,942 units as compared to 71,627 units in the year-ago month.

Hyundai Motor India on Saturday said it has received a tax demand notice of Rs 15 crore from GST authorities. The automaker on February 28 received an order from Additional Commissioner, Central GST Department, Tamil Nadu, for the period FY 2020-21 and FY 2021-22 wherein a tax demand has been raised under Section 73 of Central Goods and Service Tax Act, 2017 and Tamil Nadu Goods and Services Tax Act, 2017, the company said.

HD Hyundai Heavy Industries (HHI) is looking to set up a shipyard in India and has already made a visit this month to scout for potential sites, people aware of the developments told ET.

Venu Srinivasan made early on was to strike out on his own, establishing TVS Motor as a quality-driven global brand.

Subscribe to enjoy similar stories. Facing intense competition in China and heavy regulation in Europe, overseas automakers were counting on the U.S. to keep their engines humming.

Anand Mahindra, Chairman of Mahindra Group, expressed confidence in his company's ability to compete with Tesla if it enters the Indian electric vehicle (EV) market. He referenced the influx of foreign automakers after India's economic liberalization in 1991. Companies like Daewoo, Ford, General Motors, and Hyundai brought new technologies and designs. Mahindra noted his company survived that competition.

Bajaj Finance, Maruti, Tata Motors, SBI Card, Suzlon Energy among others will be in focus due to various news developments and third quarter results. Bajaj Finance, Maruti, Tata Motors, Adani Power and Ambuja Cements Shares of Bajaj Finance, Maruti, Tata Motors, Adani Power and Ambuja Cements will be in focus as the companies will announce their third quarter results today.

Q3FY25 revenue from operations for the Korean carmaker, known for producing the 'Creta' SUV and 'Grand i10' and 'i20' hatchbacks, was reported at Rs 16,648 crore, reflecting a 1.3% decrease from Rs 16,875 crore in the corresponding quarter of the previous financial year.

Tata Steel, Bajaj Auto, Cipla, ITC, Coal India among others will be in focus due to various news developments and third quarter results. Tata Steel Tata Steel on Friday reported a 36% year-on-year fall in its December quarter consolidated net profit at Rs 327 crore versus Rs 513 crore posted in the year ago period.

promotions in a slowing car market. Hyundai, which together with affiliate Kia is the world's third-biggest automaker by sales, reported operating profit of 2.8 trillion won ($1.95 billion) for October-December, compared with 3.4 trillion won in the same period a year earlier.

Tata Motors, India's biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview.

Subscribe to enjoy similar stories. New Delhi: Automakers have thrown the gauntlet: 2025 will be the year of electric vehicles (EVs). The new-energy vehicles held the centre stage across manufacturers exhibiting models at the Bharat Mobility Global Expo 2025.

Sugar stocks such as Praj Industries, Balrampur Chini, Bajaj Hindustan Sugar, and Dalmia Bharat will be in focus after Union Minister Nitin Gadkari announced that India is set to achieve its 20% ethanol blending target within the next two months. The practice of blending ethanol with petrol began as a pilot project in 2001. «We will achieve this target of 20% ethanol blending in the next two months. The use of E20 (petrol with 20% ethanol) will help in reducing pollution,» Gadkari said while speaking at an event.

new electric car models this year, many in the premium market, with longer driving ranges and faster charging times, to attract buyers as demand for EVs slows down globally.

Kotak Mahindra Investment Bank. Domestic corporates played a substantial role, with their deal contribution almost doubling to $48 billion in CY24, up from $26 billion last year. Notable deals include the merger of Viacom and Disney, Aster DM and Quality Care, and Bharti Group's acquisition of a stake in BT Group. After a brief slowdown last year, Indian conglomerates are driving significant activity across sectors, focusing on diversification and strategic expansion. Major M&A deals in CY24 include Adani Group's buyouts in industrials and infrastructure, Birla Group's acquisitions in industrials, and Reliance's acquisitions in TMT and infrastructure, it said.

CLSA has initiated coverage on the recently listed Hyundai Motor India with an «Outperform» rating and a target price of Rs 2,155, predicting an upside potential of 20.5%, citing the automaker's strong growth prospects and strategic expansion plans. Describing Hyundai’s positioning as ‘aspirational yet affordable’, the brokerage firm notes that while Hyundai is currently experiencing a period of low growth amid elevated utilization rates, the company's outlook remains promising.