Hyundai Profit

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

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 Motor wholesales increase 8.5% in January at 67,615 units

Hyundai Motor India on Thursday said its wholesales rose by 8.5 per cent to 67,615 units in January. The automaker had dispatched 62,276 units in the same month last year. Domestic sales saw an increase of 14 per cent to 57,115 units last month from 50,106 units in the year-ago period. Exports, however, declined by 14 per cent to 10,500 units in January as against 12,170 units in 2023. This strong growth has been fuelled by an overwhelming customer response to the newly launched Hyundai Creta, which has already garnered close to 50,000 bookings within a month opening, Hyundai Motor India COO Tarun Garg said in a statement. Further, the entry SUV exter continues its amazing run in the market clocking great sales numbers as well, he added. "Going forward, we continue to be cautiously optimistic about the momentum of the auto industry in 2024," Garg said.

Hyundai to install new plant in S Korea, to produce 200,000 EVs a year

Hyundai will invest 2 trillion won ($1.5 billion) building the plant, which will cover 548,000 square meters of land at a former motor racing circuit

Hyundai Motor August sales grow 15% YoY, total dispatches at 71,435 units

Hyundai Motor India on Friday said its wholesales increased by 15 per cent year-on-year to 71,435 units in August. The automaker had dispatched 62,210 units to its dealers in August last year. Domestic sales rose 9 per cent to 53,830 units last month, from 49, 510 units in the year-ago period, the South Korean automaker said in a statement. Exports increased 39 per cent to 17,605 units last month from 12, 700 units in August 2022, it added. "The company's sales number of 71,435 units is a key indicator of an ever-growing acceptance of our products in both domestic and export markets," Hyundai Motor India COO Tarun Garg noted. The festival season in India has kicked off on a positive note with strong Onam sales in Kerala market and this is an indication of the festive fervour in other parts of the country in the coming months, he added. Demand for SUVs in the company's portfolio remains robust, contributing more than 60 per cent to domestic wholesales in August, Garg said.

With 1,800 bookings per day, Exter's waiting period goes up to 12 weeks

The Exter comes with many segment-first features which include a voice-enabled sunroof, dashcam, and six airbags across all the variants

Hyundai declares target of selling 2 mn EVs by 2030, to invest $85 bn

The latest goal of the South Korean car manufacturer is an update from its earlier target of selling 1.87 million EVs by 2030

Hyundai sales jump 26% in February at 61,800 units, domestic sale up 29%

Hyundai Motor India Ltd (HMIL) on Monday reported a 26.4 per cent increase in total sales at 61,800 units in February. The company had sold 48,910 units in the same month last year, HMIL said in a statement. Domestic sales were up 29 per cent to 51,600 units as against 40,010 units in February 2020, the company added. Exports increased by 14.6 per cent to 10, 200 units in February as compared with 8,900 units in the same month of 2020. "The company has been consistently striving to drive a resurgence in sales, thereby contributing towards economic recovery and bringing the industry closer to pre-Covid level sales. With a cumulative sales of 61 800 units in February 2021, Hyundai has recorded growth across segments," HMIL Director (Sales, Marketing & Service) Tarun Garg said. Both domestic and export demand have recorded healthy double digit growth last month, reflecting an all-round improvement in buyer sentiment, he added.

Hyundai India profit up 6% in 2017 to Rs 22 bn, growth similar to Maruti's

The car maker's sales revenue in India increased six per cent to 6,346,672 million won