Hyundai Motors

See acceleration of EV penetration in India in 2025-26: HMIL COO Tarun Garg

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

Hyundai launches $18,000 compact EV in Japan to penetrate EV-wary market

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs

Hyundai Motor to invest record $16.7 billion in South Korea this year

The planned investment by Hyundai Motor Group includes 11.5 trillion won in research and development for next-generation products

Stocks to Watch, Jan 9, 2025: TCS, TaMo, M&M, Manappuram Finance, LIC, MOIL

Stocks to Watch, Jan 9, 2025: From Tata Motors to Manappuram Finance, here are few stocks that will be on investors' radar today

Creta Electric SUV: A new chapter in Hyundai's EV design and performance

The new Hyundai Creta Electric will be offered in 10 body colour options and four variants

Creta drives Hyundai to record sales with a stellar performance in 2024

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

Hyundai Creta Electric: Check features, price, design, more ahead of launch

Hyundai India has unveiled the Creta Electric SUV ahead of Jan 17 launch at the Bharat Mobility Global Expo 2025. This will available in 4 variants; Executive, Smart, Premium and Excellence

Hyundai Motor reports 2.4% decline in sales at 55,078 units in Dec 2024

Hyundai Motor India Ltd on Wednesday reported a 2.4 per cent decline in total sales at 55,078 units in December 2024, as compared to 56,450 units in the same month a year ago. The company, however, recorded its highest-ever yearly domestic sales of 6,05,433 units in 2024, Hyundai Motor India Ltd (HMIL) said in a statement. In December domestic sales were at 42,208 units, as compared to 42,750 units in December 2023, down 1.3 per cent, it said. Exports last month were at 12,870 units, as against 13,700 units in December 2023, down 6.1 per cent. For 2024, domestic sales were at 6,05,433 units, up marginally from 6,02,111 units in 2023, the company said. "HMIL has managed to sustain sales momentum in 2024, despite strong headwinds faced by the industry at large. Achieving highest-ever domestic sales three years in a row, reflects customers' preference for brand Hyundai as their trusted smart mobility solutions provider," HMIL Whole-time Director and Chief Operating Officer Tarun Garg

Hyundai Motor to set up 600 charging stations for EVs over next 7 years

India's second-largest carmaker is set to launch its first mass-market electric car, the Creta EV, in the coming months

Hyundai to increase car prices by up to Rs 25,000 amid rising costs

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

Maruti Suzuki sales rise 10% in Nov; Hyundai down 7%, TaMo up marginally

Maruti Suzuki India on Sunday reported a 10 per cent year-on-year increase in its total sales at 1,81,531 units in November. The automaker had dispatched 1,64,439 units to its dealers last November last year. Total domestic passenger vehicle wholesales were at 1,41,312 units as compared with 1,34,158 units in the year-ago month, a growth of 5 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, stood at 9,750 units as against 9,959 units in November 2023. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, declined to 61,373 units as compared to 64,679 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,003 units last month as compared to 49,016 units earlier. Sales of van Eeco were at 10,589 units last month as against 10,226 units in November 2023, while that of light commercial vehicle Super Carry stood at 2,926 units as against 2,509 units earlier.

Hyundai India receives show cause notice for alleged tax discrepancies

Tax authority Maharashtra alleges 'excess input tax credit claimed' by Hyundai India in GSTR 3B/9, which is not confirmed in GSTR 2B/8A of GSTR 9, along with RCM tax paid by the company

Hyundai bets on CNG vehicles, sees rising demand in rural and urban India

Hyundai Motor India Ltd is betting big on CNG fuel option with sales of models equipped with the technology witnessing increasing demand across rural and urban markets in the country, according to a top company official. The company, which currently offers CNG option in its three models -- Grand i10 NIOS, AURA and EXTER -- has seen an increase in contribution of the CNG models to its domestic sales to 11.4 per cent in FY24 from 9.1 per cent in FY22. So far in the April-October period this fiscal, the contribution of CNG models to the company's domestic sales has risen to 12.8 per cent. Its overall vehicle sales across different fuel options stood at 3.54 lakh units in the domestic market during the period. "At present, India already has more than 7,000 CNG stations and aim is to have approximately 17,500 CNG stations by 2030 which will further fuel the CNG demand," HMIL Whole-time Director and COO Tarun Garg said on the reasons behind the company's bullishness on CNG models. With a

Hyundai Motor names Jose Munoz as CEO, first foreign leader of automaker

Munoz, 59, joined Hyundai in 2019 as global chief operating officer, with responsibility for the carmaker's north and south American operations

Hyundai Motor India shares skid 5%; record new low on muted Q2 performance

Looking ahead, the company anticipates better performance owing to the new launch of Creat EV in January, along with the recent launch of new variants of the Venue and Alcaazar models.

Hyundai Motor Q2 result: Profit drops 16.5% to Rs 1,338 cr on weak demand

The company's shares fell nearly 3 per cent before recovering to trade down about 1 per cent in late afternoon trading

Hyundai Motor India shares drop 3% on weak Q2 numbers; profit tanks 16% YoY

The fall in Hyundai Motor India's stock price follows its announcement of financial results for the second quarter of the FY25, which is also its maiden quarterly earnings since its market debut

Hyundai Motors unveils new hydrogen car in bet on clean fuel's future

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

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

Hyundai Motor's Q3 operating profit falls 7%; misses analysts' estimates

Some analysts said its stock price decline on Thursday reflected disappointment about the lack of a shareholder return policy following the Indian IPO