Hyundai

A disruption in global shipping routes, particularly along the Red Sea, has resulted in an increase in container rates in 2024 compared to the previous year

The Centre has imposed Rs 7,300 crore penalty on eight automakers, including Hyundai, Mahindra, and Kia, for violating fleet emission norms in FY22-23

All that's left is for President-elect Donald Trump to put his name on it if he wants. Trump won the White House in large part because of voters' frustration with high prices and a sense that the United States needs major changes. But when he enters office in January, Trump will inherit an economy primed for growth. The unemployment rate is low, inflation is easing and President Joe Biden's administration has teed-up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. There's the TSMC computer chip plant in Arizona, the new Hyundai electric vehicle factory in Georgia and a modernized I-375 in Michigan, among thousands of projects under way that will take years to complete. All of that means it could be Trump, rather than Biden, who gets to tell Americans that he built the country back better. If he decides to let the projects proceed, that is. Biden, himself, acknowledged last week that the positive economic impacts

The vehicle can also be connected to a household's electricity supply to act as a backup source of power, the company said

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India

42.4 mn shares allotted to 225 funds at Rs 1,960 apiece

HMIL's chief operating officer, Tarun Garg, stated that the company's first high-volume EV, the Creta EV, will be launched in the last quarter of the current financial year

The excitement around India's largest IPO is being dampened by evident weakness in demand for cars in India as well globally

The IPO, which will be India's biggest ever, opens to investors next week and will involve the South Korean parent company selling up to a 17.5 per cent stake in its Indian division

As per the update on Sebi's website, Hyundai Motor India, which will be India's largest IPO at nearly Rs 25,000 crore, received the observation letter from the market regulator on September 24

The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs. Munish Aggarwal, Managing Director and Head - Equity Capital Markets at Equirus, expects over 30 IPOs to be launched between September-end and December. This will be across sectors, deal sizes and a combination of fresh issues and offers for sale. The strong momentum in IPO markets is driven by several key macroeconomic, sector-specific factors and the willingness of funds to look at new ideas, which is .

India is the third-biggest revenue generator globally for Hyundai after the U.S. and South Korea

Hyundai, which was the topper last year, drops to third position

The US and Korean automakers said they had signed a non-binding memorandum of understanding to consider ways to leverage their complementary scale and strengths to reduce costs

Reportedly, Hyundai is unlikely to make any changes under the hood, meaning the refreshed Alcazar retains its 1.5-litre turbo-petrol and 1.5-litre diesel engine options

Hero MotoCorp on Sunday said its wholesales increased 5 per cent year-on-year to 5,12,360 units in August. The two-wheeler major had dispatched 4,88,717 units to dealers in August 2023. The company said its domestic sales increased to 4,92,263 units last month as compared to 4,72,947 units in the year-ago period. August sales were marginally impacted by supply shortages, which will be made up in September, it added. Exports rose to 20,097 units last month as compared to 15,770 units in August 2023. The company said it is geared to ramp-up for the upcoming festive season, where it expects a healthy growth. "With faster recovery expected in the rural segment, growth in the 125cc segment, new launches in scooters and strong investment behind power brands, the company expects to grow ahead of the industry," it added.

The SUV rollout will begin with its first India-made electric vehicle early next year

Four separate company letters to Uttar Pradesh highlight the rivalry between automakers in a country where taxation is skewed in favour of EVs

The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers

Hyundai Motor's India unit this month filed for regulatory approval for a listing, which could be the nation's biggest and will see the South Korean parent raise around $2.5-$3 billion