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Hyundai Motor India Ltd. Related news

Hyundai India gears up for mass-market electric vehicles, to invest $200 million

Hyundai India gears up for mass-market electric vehicles, to invest $200 million

Hyundai Motor India (HMIL) said it is working on a new platform to introduce mass market electric vehicles in India and is in talks with local vendors for supply of parts. The company has plans to launch such vehicles in two-three years.

A senior company official said it will have to invest a minimum of $200 million to set up this new platform for mass market EVs.

Hyundai eyes mass market for EVs, to develop new platform for India

Hyundai eyes mass market for EVs, to develop new platform for India

Hyundai Motor is planning to develop a new electric vehicle (EV) platform for India to address the mass market. The company plans to invest around $200 million to develop the new platform.

"We are working on a (electric) platform, which will be for Indian mass market and it would cost around $200 million," said S S Kim, MD and CEO of Hyundai Motor India, adding that the product may be launched in the next 3-4 years.

Hyundai India to use Kia Motor’s manufacturing plant

Hyundai India to use Kia Motor’s manufacturing plant

Hyundai Motor India is considering a proposal to use the manufacturing plant of sister firm Kia Motors in Andhra Pradesh as the company’s plants in Tamil Nadu are being operated at a 100% capacity utilisation and it has no immediate plans to invest in setting up a new manufacturing facility, people aware of the development said.

Kona SUV to be cheaper on GST cut

Kona SUV to be cheaper on GST cut

PUNE: Hyundai, second biggest car maker, which launched its first full-electric Kona SUV last week at Rs 25.30 lakh pan India showroom, could become cheaper by Rs 1.40 lakh.

Finance Minister Nirmala Sitharaman in her maiden Budget to promote e-mobility had proposed to slash the Goods and Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

Hyundai launches Kona Electric in India, priced at ₹25.30 lakh

Hyundai launches Kona Electric in India, priced at ₹25.30 lakh

South Korean automaker Hyundai on Tuesday launched it's first fully electric SUV — Kona Electric, in India. The vehicles priced at ₹25.30 lakh, promises a driving range of 452 km/charge.

“India is ushering into a new era with clean and connected mobility...Hyundai is leading the future mobility solutions globally and will bring in the most relevant technology in the clean mobility space in the Indian market," S.S. Kim, MD and CEO, Hyundai Motor India Limited said.

Hyundai unveils new engine technology to cut emissions, up performance

Hyundai unveils new engine technology to cut emissions, up performance

With an eye on potential markets like India, Korean auto giant Hyundai Motor Group on Wednesday announced the world’s first continuously variable valve duration (CVVD) engine technology to feature in future Hyundai and Kia vehicles.

CVVD optimises both engine performance and fuel efficiency while also being eco-friendly.

Hyundai Venue crosses 34,000 bookings

Hyundai Venue crosses 34,000 bookings

Pune: Hyundai, India’s second biggest Korean car maker’s new attractive sub-compact SUV model Venue has bucked the trend of steep falling cars sales in Asia’s third biggest economy.

Thanks to competitive pricing and its best features, Hyundai Venue has crossed 34,000 bookings within a month of its launch in the fiercely competitive but slowing economy. Buyers have to make a down payment of Rs 25,000 for the booking.

Hyundai and Kia to invest in self-driving startup Aurora

Hyundai and Kia to invest in self-driving startup Aurora

Bengaluru: Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies.

"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said.

Hyundai's first electric SUV in India 'Kona' to be launched in July

Hyundai's first electric SUV in India 'Kona' to be launched in July

South Korean auto major Hyundai will drive in its first electric vehicle 'Kona' SUV into India in July, followed by a brand new 'Grand i10' before the festive season as it looks to increase its share in the auto market here, a top company official said Wednesday.

Besides, the automaker, which is present in India through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL),

Hyundai fuel cell ride

Hyundai fuel cell ride

Hyundai Motor India Ltd (HMIL) will bring its fuel cell SUV, the Nexo, to India soon after it launches its fully electric SUV Kona in July this year.

However, the company was not keen to launch hybrid powertrains as the current GST structure did not offer any relaxation on such models, Puneet Anand, senior general manager and group head (marketing) of HMIL, had said on the sidelines of the launch of the Venue in New Delhi.

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