Hyundai Motor India on Monday said the share of car sales with connected features has risen to over 25 per cent in 2024 against around 5 per cent in 2019. The company said it has sold over 6.75 lakh cars with connected features in the country since 2019. The company noted that the contribution of connected cars in its retail sales grew to 25.7 per cent last year compared with 4.7 per cent in 2019. Currently, the automaker offers connected car features in 12 of the 14 models it sells in India. "Today, connected cars drive a significant part of Hyundai's overall sales in India, surpassing half a million sales milestone. With the ever-increasing number of tech-savvy, convenience-seeking, and young car buyers, I am confident that the demand for connected car tech will rise rapidly in the coming years," Hyundai Motor India Function Head - Corporate Planning Jae Wan Ryu said in a statement. The company had introduced connectivity with the Hyundai Venue in 2019 offering 35 telematics ...
Hyundai Motor India Ltd sees a triggering of acceleration in the electrification of the passenger vehicles market in the country in 2025 and 2026, according to company COO Tarun Garg. Set to enter the mass market electric vehicle segment with the EV version of its popular SUV Creta, the company, which plans to bring four EVs in the future, is also looking at different segments, even below the mid-sized SUV segment. "India is at an early stage of electrification. Last year, we ended with about 2.4 per cent electrification. I personally feel that 2025 and 2026 are going to be great trigger points in terms of electrification, and Creta EV is going to drive it," Garg told PTI video here. In 2024, the Indian passenger vehicles segment witnessed record sales of around 43 lakh units. Citing an internal study by the Hyundai Motor India Ltd (HMIL) and also based "on some of the external consultants", he said by 2030 EV penetration could be 17 per cent. In an interaction with reporters he
The rise in Hyundai India share came after global brokerage firm Citi Research initiated coverage with 'Buy' for target price of Rs 2,250
The new-gen Hyundai Creta crossed 100,000 unit sales within six months in 2024, with annual sales of 186,919 units. The SUV accounted for 31 per cent of the brand's overall sales during the year
The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said
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
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
On Wall Street, both the Dow Jones Industrial Average and S&P 500 closed lower, retreating from record highs as Treasury yields increased.
Hyundai Motor IPO will open on Tuesday, October 15. Ahead of the IPO Mirae Asset has listed some key risks
The carmaker's short-term gains may stall in neutral over high valuations
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
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
If successful, this IPO will mark Hyundai Motor Co.'s first listing outside of South Korea
The SUV segment in India is expected to grow at a CAGR of 7% to 9% from FY24 to FY29
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).
At the upper band, the valuation of Hyundai India would be around Rs 23.3 trillion, more than Mahindra & Mahindra and Bajaj Auto
Plant will be 'catalyst' in achieving Hyundai India's target of achieving one million annual production capacity, says company
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 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
Company plans six electric vehicles by 2028, says Unsoo Kim at Auto Expo