Hyundai Motor India Ltd

Hyundai Motor India to hike prices across all models amid higher costs

The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said

Hyundai Motor India to set up 2 renewable energy plants at Chennai facility

Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025. The company has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) for the purpose of setting up of a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements, Hyundai Motor India Ltd (HMIL) said in a statement. These facilities will operate under a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations and maintenance. HMIL will hold 26 per cent and FPEL will hold 74 per cent equity stake in the project, it added. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL, the company said. "As part of this partnership, HMIL will invest Rs 38 crore towards setting up

Analysts' bullish calls offset Hyundai Motor India weak debut; stock up 6%

The uptick in Hyundai Motor India's stock price follows the initiation of coverage with a bullish outlook by brokerage houses, including Motilal Oswal and Nomura

Market Today: Hyundai India IPO listing; RBI says festive demand intact

On Wall Street, both the Dow Jones Industrial Average and S&P 500 closed lower, retreating from record highs as Treasury yields increased.

Planning to apply for Hyundai Motor India IPO? Consider these risks first

Hyundai Motor IPO will open on Tuesday, October 15. Ahead of the IPO Mirae Asset has listed some key risks

Hyundai Motor India's growth engine roars on SUVs, capacity expansion

The carmaker's short-term gains may stall in neutral over high valuations

Hyundai Motor India to launch $3 bn IPO on Oct 15, know its operations

Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state

Will the Indian stock market tank post the Hyundai IPO? What history suggests

Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges

Hyundai Motor IPO: Here are the top 10 biggest IPOs in Indian history

If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea

Changing gears: India's growing love for SUVs key to Hyundai's success

The SUV segment in India is expected to grow at a CAGR of 7% to 9% from FY24 to FY29

Hyundai India recalls 1,744 units of Ioniq 5 over charging control issue

Hyundai Motor India is recalling 1,744 units of its electric model Ioniq 5, due to an issue with the integrated charging control unit, as per the information available with industry body SIAM. The company is recalling the units manufactured between July 21, 2022 and April 30, 2024 to fix the part, data on the SIAM website said. The company is recalling the units due to "potential issue in integrated charging control unit which may discharge 12V battery", it stated. When contacted, a Hyundai company spokesperson said: "At Hyundai Motor India, customer safety is our top priority. The Ioniq 5 recall is a proactive step to inspect and upgrade the Integrated Charging Control Unit (ICCU) in the affected vehicles at no cost to the customers." The company's dedicated teams will be in touch with vehicle owners and guide them through the recall process, the spokesperson said. Price of Ioniq 5 starts at Rs 46.05 lakh (ex-showroom).

Hyundai Motor India may launch India's largest IPO ever this Diwali

At the upper band, the valuation of Hyundai India would be around Rs 23.3 trillion, more than Mahindra & Mahindra and Bajaj Auto

Hyundai buys GM's Talegaon plant, will invest Rs 6,000 cr in Maharashtra

Plant will be 'catalyst' in achieving Hyundai India's target of achieving one million annual production capacity, says company

All vehicles to come with 6 airbags as standard, says Hyundai Motor India

Hyundai Motor India on Tuesday said all its models in the country would now come with six airbags as standard. The automaker also announced that it has decided for voluntary participation in the recently introduced Bharat NCAP with 3 models to begin with, and more models to follow. Under the Bharat NCAP programme, car manufacturers can voluntarily offer their vehicles tested as per the Automotive Industry Standard (AIS) 197. Based on the performance of the car in the tests, the vehicle will be awarded star ratings on a scale of 0-5, for adult occupants (AOP) and child occupants (COP). Potential car customers can refer to these star ratings to compare the safety standards of different vehicles and accordingly make their purchase decision. The carmaker also announced that its mid sized sedan Verna has received a five-star rating in adult and child occupant protection by Global NCAP. Hyundai Motor India MD & CEO Unsoo Kim said safety for all is the company's utmost priority. "We ha

Hyundai to launch its micro SUV Exter today at 12 pm, full details inside

Hyundai is set to launch its most affordable micro SUV, Exter today at 12 pm. The micro SUV is expected to be priced between Rs 6 to 10 lakhs

Hyundai India to invest Rs 4,000 cr for developing 6 EVs by 2028: CEO

Company plans six electric vehicles by 2028, says Unsoo Kim at Auto Expo

Hyundai Motor India launches Hyundai Pavilion on Metaverse space

Hyundai Pavilion on Metaverse will introduce the much awaited all-electric SUV Hyundai Ioniq 5 for users to experience its various features

Hyundai drives in new Venue with price starting at Rs 7.53 lakh onwards

Hyundai Motor India Ltd (HMIL) on Thursday launched the new version of its compact hatchback Venue, with introductory prices starting from Rs 7.53 lakh (ex-showroom Delhi), bolstering its presence in the robustly growing sub-4 meter SUV segment. The model, which competes with the likes of Maruti Suzuki Brezza, Tata Motors Nexon, Kia Sonet among others, comes with three powertrain options. The 1.2-litre petrol trim prices start from Rs 7.53 lakh, while the prices of 1-litre turbo petrol begins from Rs 9.99 lakh. The Venue diesel range also begins from Rs 9.99 lakh. The new Venue has been developed to personify the aspirations of our beloved customers. With a keen focus on design, technology, functionality and space, the model is here to elevate customer experiences," HMIL MD & CEO Unsoo Kim said at the launch event. The new Venue will build further on the legacy of the brand and thrill customers with its bold and dynamic persona, while enabling the next level of comfort, ...

Hyundai Motor opens bookings for upcoming SUV Alcazar at Rs 25,000

Hyundai Motor India Ltd (HMIL) on Wednesday announced the opening of bookings for its upcoming SUV Alcazar which is expected to hit the market later this month. The premium SUV which will come in 6 and 7 seater options can be booked either at the company's dealerships or online with a down payment of Rs 25,000, the company said in a statement. The Alcazar will be available in two engine options of 2-litre petrol and 1.5-litre diesel with choices of six-speed automatic and six-speed manual transmissions. HMIL Director (Sales, Marketing & Service) Tarun Garg said the company became the highest selling SUV manufacturer in India in 2020, through its range of SUVs such as Creta, Venue, Tucson and Kona Electric. "Today, we are pleased to open the bookings for Hyundai Alcazar, our Premium 6 and 7 seater SUV that will offer our customers quality time, making travelling together a more memorable and fun experience," he added. The Alcazar will mark HMIL's entry into the seven-seater SUV ...

Amid coronavirus panic, Hyundai sees a silver lining for auto industry

The company has also taken many internal measures, including daily temperature checking of employees and visitors at its Chennai plant and office