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New Delhi, November 19: Maruti Suzuki may soon make its entry into the electric passenger vehicle segment with the upcoming e Vitara. The Maruti Suzuki e Vitara was first showcased in India earlier this year at the Auto Expo. The production of the e Vitara reportedly began in August at Suzuki's Hansalpur factory in Gujarat. Since exports began in August, over 7,000 units of the e Vitara have been shipped to international markets. As per a report of ACKO Drive, the Maruti Suzuki e Vitara launch ...Read More >
New Delhi [India], October 22 (ANI): South Korea's top three conglomerates, Samsung, SK, and Hyundai Motor, saw the largest asset growth over five years, as per a report by Pulse, the english service of Maeil Business News Korea. According to an analysis conducted by corporate tracker CEO Score of 52 business groups with comparable assets between fiscal years 2019 and 2024, the total asset value of the groups rose 42.8 per cent from 1,897.3 trillion won (USD 1.3 trillion) in 2019 to 2,709.09 tr ...Read More >
Garg, who currently serves as Whole-time Director at HMIL, is expected to lead the company's growth strategy amid changing market conditions in India. Hyundai Motor India Limited (HMIL) has announced Tarun Garg as its new Managing Director and Chief Executive Officer (CEO), effective January 1, 2026. He will replace Unsoo Kim, who is returning to Hyundai Motor on December 31. This strategic move was announced in the company's regulatory filings. Garg, who currently serves as Whole-time Directo ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday. As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive th ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday.As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive than ...Read More >
New Delhi: The mood at Hyundai Motor India Ltd's office in Gurugram isn't exactly upbeat today. Passenger vehicle sales data for June were released on 1 July. And for the South Korean carmaker, once the No. 2 in India by some distance, it once again made for dismal reading. The company has finished behind Mahindra and Mahindra four out of six months this calendar year. Indeed, it has trailed the Indian company every month this fiscal year. And that is bad news for José Munoz. In January, Munoz ...Read More >
NEW DELHI: The Indian Institute of Technology Delhi (IIT Delhi), in collaboration with Hyundai Motor Group has entered into a strategic memorandum of understanding (MoU) to advance innovation in electric vehicle (EV) and battery technology. This partnership aims to drive transformative research and development that will shape the future of sustainable mobility in India. Under the MoU, the Hyundai Center of Excellence (CoE) will be established at IIT Delhi. This is a joint collaboration with two ...Read More >
CHENNAI: Hyundai Motor Group has partnered with three Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification. The three institutes are IIT Madras, IIT Delhi and IIT Bombay. The Hyundai Centre of Excellence (CoE), which will be set up on IIT Delhi campus, will operate through sponsorships from Hyundai Motor Group. The primary objective of the Hyundai CoE is to take the lead in driving advancements in batteries and elec ...Read More >
Seoul, November 27: Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value. In the buyback plan approved by the board of directors, Hyundai will repurchase 4.66 million shares, worth 1 trillion won, within a three-month period starting Thursday, the company said in a regulatory filing. They account for 1.7 per cent of the company's overall listed shares. Hyundai said the purpose of the repurchase i ...Read More >
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