Hyundai Financial News

Carrie Francom, an individual who is a Hyundai Sonata owner has eventually become emblematic of a widespread issue which is affecting thousands of drivers that is peeling paint on their vehicles, reported Moneywise.

ONGC, Biocon, and Hyundai Motor India, highlighting their potential for robust growth and value creation in the next 1 year. CLSA has upgraded ONGC to «High Conviction Overweight-PF,» citing multiple production and realization triggers, alongside attractive valuations and a strong dividend yield.

Hyundai Motor India has transported 1,56,724 units using rail freight in 2024, accounting for 26 per cent of the domestic wholesale volume made last year, the company said on Friday. Through this initiative, the company achieved a reduction of 18,352 tonne of carbon-di-oxide emission in 2024, by efficient utilisation of the rail network. The company, in 2024, also achieved one hundred per cent dispatch of its vehicles to the North-East region through rail freight.

Subscribe to enjoy similar stories. Maruti Suzuki India Ltd’s sales volume update for December sprung a positive surprise on small, entry-level cars, which saw 29% year-on-year growth to 62,324 vehicles. This is much higher than the 21% year-on-year growth in the company’s utility vehicle (UV) sales even though the base for both segments was more or less the same.

electric SUV, which is expected to launch at the 2025 Bharat Mobility Global Expo. This marks the company’s third electric vehicle (EV) in India and will replace the discontinued Hyundai Kona Electric. Positioned as a competitor in the rapidly growing EV segment, the Creta Electric will challenge dominant players like Tata Motors and join Hyundai's existing Ioniq 5 in the market.

Tata Motors' Punch is poised to climb 6 places and become India's top selling car model in 2024, as per data from Jato Dynamics. The micro SUV model will be overtaking 2023 leader Maruti Suzuki's Swift besides others like Hyundai's Creta, Tata's Nexon and Maruti's Wagon R, Baleno and Brezza models this year.

The eagerly awaited Bharat Mobility Global Expo, set to take place from January 17 at Bharat Mandapam in Pragati Maidan, Delhi, is shaping up to be a major event for electric vehicle (EV) enthusiasts, reported HT Auto. With 34 manufacturers confirmed to participate, the event promises to showcase some of the greatest electric cars, with many manufacturers unveiling new models. Among the key highlights will be Maruti Suzuki’s first-ever electric car and the debut of VinFast, a new entrant from Vietnam.

Tata Motors on Monday said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. «Effective January 2025, the price increase will vary depending on model and variant,» it added. Already, various carmakers, including Maruti Suzuki, Hyundai, Mahindra and JSW MG Motor, have announced to hike vehicle prices from the next month.

Vishal Mega Mart IPO before subscribing to the issue.

Apart from the new issues, the Street will also see three listings from Nisus Finance, Property Share REIT and Emerald Tyre Manufacturers.

The offering is entirely an offer for sale by the promoter, LG Electronics Inc., which plans to sell 101.8 million shares, or 15% of the equity capital.

Similar in size and fuel economy, these two hybrid compact sedans differ from there

Skoda recently launched its first subcompact SUV, the Kylaq, priced between Rs 7.89 lakh and Rs 14.4 lakh. Built on the MQB-A0-IN platform, the Kylaq measures under four meters in length and competes with models like Hyundai Venue, Kia Sonet, Tata Nexon, and Maruti Suzuki Brezza. It is powered by a 1.0-liter turbo-petrol engine delivering 115 hp and 178 Nm of torque, paired with either a six-speed manual or automatic gearbox. The SUV boasts several premium features, including an 8.0-inch digital cluster, a 10.0-inch touchscreen with wireless Apple CarPlay and Android Auto, ventilated seats, a single-pane sunroof, and a six-speaker Canton sound system. On the safety front, it includes six airbags, ABS with EBD, traction control, and ISOFIX mounts. The third-generation Honda Amaze is set to debut on December 4, introducing an updated design and enhanced interior with improved safety features. Prices are expected to start at ₹7.8 lakh (ex-showroom). The new Amaze borrows styling cues from the Honda Elevate and City, featuring an upright grille, sleek LED headlights, and a reimagined bumper. While its side profile remains similar to the outgoing version, the rear design echoes the Honda City’s aesthetic. Inside, the Amaze incorporates a free-standing infotainment system, digital cluster, and advanced safety systems such as ADAS. It retains the 90 hp, 1.2-liter naturally aspirated petrol engine, paired with either a 5-speed manual or CVT.

IPO party of 2024 stood out as a landmark year for fundraising, with blockbuster issues making headlines and drawing strong investor interest. However, the post-listing performance of many of these IPOs was mixed with 48% of the issues or nearly 1 in 2 slipping below their listing day close, according to an analysis by ETMarkets. Out of the 72 IPOs for which data is available, 35 are currently trading below their listing day price. On the brighter side, three issues have turned into multibaggers, while 27 have delivered strong double-digit returns since their debut.

Hyundai Motor India on Sunday said its total sales declined 7 per cent year-on-year to 61,252 units in November. The automaker had dispatched 65,801 units to its dealers in November last year, the automaker said in a statement.

Hyundai Motor India denied the media reports claiming that the company, along with other automobile manufacturers like Mahindra and Kia, could face a penalty of Rs 7,300 crore for breaching fleet emission levels. Hyundai refuted the reports and said that they are based on «extrapolations» that are not grounded in facts. The company pointed out that the articles were based on an incorrect assumption—that the 2022 amendments to the Energy Conservation Act, 2001 (EC Act), which impose stricter penalty norms, were in effect before January 1, 2023. According to HMIL, the new regulations only came into effect at the start of this year, and any claims of penalties prior to that are «fictional» and unsupported by the law.

Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens

Hyundai Motor India shares rose by nearly 2% to the day's high of Rs 1,926 on the BSE after Morgan Stanley and JPMorgan initiated coverage. JPMorgan and Morgan Stanley have initiated coverage on the automaker with an overweight rating, citing its strong growth potential, strategic positioning in the SUV and electric vehicle (EV) segments, and promising valuation metrics.

Subscribe to enjoy similar stories. Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S Ramesh, managing director and CEO of Kotak Investment Banking. With more large firms and new-age companies looking to list over the next two years, the average IPO size is likely to go up further, Ramesh said.

Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash