HYUNDAI
Hyundai Inster EV micro SUV launched globally, may come to India as Creta EV. Check specs
The Hyundai Inster EV, with its retro-modern design and advanced features, presents a stylish and functional option for urban drivers. This compact electric SUV combines innovative technology with a spacious interior, making it a compelling choice in the evolving electric vehicle market.
Hyundai India IPO banks set for country's 2nd biggest payday with $40 million fee: Report
The evolving financial landscape in India, characterized by the Hyundai India IPO and the rise in private company IPOs, presents significant opportunities for financial institutions like Nomura and Jefferies Financial Group to capitalize on the flourishing market and drive investment banking fees to new heights.
Car discounts: Check offers on cars of Maruti, Tata, Honda, Hyundai, Mahindra, Skoda and Volkswagen
Car makers like Maruti Suzuki are offering significant discounts on various SUV models to boost sales in a slow market. This approach is driven by the need to clear inventories and attract customers amidst muted demand, as highlighted by industry analysts.
Hyundai IPO: A chaebol looks at India to break out of a Korean trap
Just as Indian stock markets are trading near record highs, Hyundai expects the listing of the equity shares in India "will enhance our visibility and brand image", and "provide liquidity and a public market" for the shares.
Hyundai's first Indian EV, the Kona, discontinued. Here's the reason why
Hyundai discontinues Kona Electric in India, focusing on mass-market Creta EV. The Kona faced challenges with sales performance. The upcoming Creta EV aims to compete with MG ZS EV and Tata Curvv, offering a range of 400-500 km.
Hyundai flags concerns with 'changes' by Indian govt ahead of planned Rs 25,000 crore IPO
Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in the local unit, flagged the importance of stable policies for confidently making technological upgrades. They also highlighted concerns about localisation norms like PLI for automotive technology, aiming to reduce import dependence and lower manufacturing costs with significant initial capital investments.
Hyundai Motor IPO: 10 things investors should know about the public offer
Hyundai Motor's Indian arm has filed preliminary papers with SEBI for a $2.5-$3 billion IPO. The company aims to raise funds by selling shares through a public offer.
With DRHP, Hyundai steers towards $3 billion public listing
India's largest public issue will be an offer-for-sale (OFS) of up to 142.2 million shares, or a 17.5% stake, by South Korean parent Hyundai Motor Co.
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.
Auto sales enter slow lane in May, expected to bounce back in the festive season
In May, automobile sales slowed down due to heatwaves, election uncertainties, and a high base effect. Maruti Suzuki's sales grew 4.4% year-on-year, but this was lower than the 13.8% growth seen in May 2023. Hyundai Motor India and Tata Motors also saw modest growth, while Mahindra and Mahindra and Toyota India experienced significant increases in sales. Industry leaders expect a sales rebound post-election and with a good monsoon forecast. The auto sector's growth aligns with India's 8.2% GDP rise in 2023-24.
Passenger vehicle wholesales in slow lane in May due to high base effect, elections
Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India all reported varying levels of growth.
Hyundai sales up 7 pc at 63,551 units in May
Hyundai Motor India Ltd (HMIL) saw a 7% year-on-year rise in total sales, reaching 63,551 units in May. Domestic vehicle dispatches increased by 1% to 49,151 units, while exports surged by 31% to 14,400 units. Despite a maintenance shutdown, HMIL maintained healthy sales, with SUVs driving growth. Rural penetration stood at 20.1%.
Car dealers may end up with ₹44,000 crore worth of inventory as demand cools off
Carmakers in India are forecast to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by the end of May, as demand cools after a three-year run of high sales. Passenger vehicle registrations are expected to fall by 5% in May from a year earlier, due to election-related uncertainties, the completion of marriage season, and heat waves in key markets, particularly Delhi NCR.
SUVs roar on country roads as sales from rural India sees a spike
Hyundai Motor's top three cars sold in rural India during January-April 2024 were all SUVs, nudging out the small car Grand i10 from the podium for the first time. SUVs such as Exter, Venue, and Creta accounted for two-thirds (67%) of Hyundai's rural sales in the first four months of the calendar year.
Ignored by desis, small cars are driving Made in India ambitions elsewhere
India's car market shift towards SUVs impacts small car and sedan sales, despite being crucial for exports. Maruti Suzuki leads in exports, shipping to diverse destinations. Hyundai's exports include Verna, Aura, and Grand i10Nios. Price hikes and SUV preference lessen small car demand, but industry anticipates a revival by 2026-2027.
Hyundai ties up with Laxmi Group to commence Venue production in Nepal
Hyundai Motor India has started local assembly of the Venue compact SUV in Nepal through a partnership with Laxmi Group. The plant, Nepal's first automotive assembly facility, has an annual capacity of 5,000 units. Hyundai's CEO praised Nepal for this milestone, thanking the government for their support and expressing hopes for further policies to boost local assembly efforts.
Maruti Suzuki Swift 2024 launched at Rs 6.49 lakh, also available on monthly subscription of Rs 17,436
Maruti Suzuki Swift Price: Maruti Suzuki has launched the new Swift 2024 in India, priced at Rs 6.49 lakh (ex-showroom). The fourth-generation Swift comes with a new design and improved features, including a 9.0-inch touchscreen infotainment system. It will be available in nine colors and two transmission options, manual and automatic. The new Swift boasts of being 10% more fuel efficient for the manual variant and 14% more fuel efficient for the automatic variant. Safety features include 6 airbags as standard across all variants. The new Swift is powered by a new 1.2-liter Z-Series petrol engine, offering enhanced performance and a reduction in emissions.
Hyundai sales rise 9.5 pc to 63,701 units in April
Hyundai Motor India's April wholesales grew by 9.5% to 63,701 units, with domestic sales up 1% to 50,201 units. Exports increased by 59% to 13,500 units. SUVs like Creta and Venue were key sales drivers.
Hyundai to rev up India capacity to tap rising demand
To expand production, Hyundai Motor India will open its Pune plant - acquired from General Motors - in the second half of next calendar year. The company is upgrading the facility for producing more than 200,000 vehicles annually. Adding the Chennai plant's capacity of 824,000 vehicles, Hyundai Motor India's annual capacity will reach more than one million vehicles a year, the company said.
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