Hyundai News - Latest Updates & Headlines
EV battery fire suppression technology developed in South Korea
Seoul, April 14: Hyundai Mobis said on Monday it has developed a new electric vehicle (EV) battery safety technology that automatically discharges fire suppressant in the event of a battery cell ignition to prevent fires from spreading to adjacent cells.
Suppliers scramble to respond to looming US auto parts tariffs
Seoul, April 11: South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.
Hyundai Motor to freeze vehicle prices in US through early June
Seoul, April 5: Hyundai Motor will freeze prices of all new vehicles sold in the United States through early June, a move aimed at easing consumer concerns over rising costs following Washington's imposing of 25 per cent duties on all imported vehicles, the automaker's American subsidiary said.
Hyundai Motor rules out immediate price hike in US despite tariff hike
Seoul, April 3: Hyundai Motor has no plans to raise vehicle prices in the United States for now despite Washington's 25 per cent duties on automobile imports under US President Donald Trump's ‘America First’ trade policy, the automaker's chief executive officer (CEO) said on Thursday.
Steelmakers brace for Trump's tariffs with US production, higher-value products
Seoul, April 2: South Korean steelmakers are bracing for US President Donald Trump's sweeping tariffs with possible plans to build production facilities in the United States, industry officials and market observers said on Wednesday.
Hyundai Motor India Limited record sale of 7,62,052 units in FY 24-25
New Delhi, April 1: Hyundai Motor India Limited (HMIL) recorded total sales of 7,62,052 units in FY 24-25, the company said in its filing to the exchanges on Tuesday.
Hyundai Motor's March sales down 2 pc, Kia reports 2.2 pc rise
Seoul, April 1: Hyundai Motor said on Tuesday its monthly sales for March dropped 2 per cent from a year earlier due to a decline in overseas markets.
Hyundai Steel temporarily shuts down rebar plant on low demand
Seoul, April 1: Hyundai Steel, South Korea's second-biggest steelmaker, said on Tuesday it has temporarily shut down one of its three domestic steel reinforcement bar (rebar) plants due to low demand.
Hyundai Motor to hire top-tier foreign engineering talent
Seoul, March 31: Hyundai Motor said on Monday it will open a global recruitment programme this week to secure top-tier overseas talent across various fields of engineering.
SK hynix top pick for foreign investors in Q3: Report
Seoul, March 29: Major chipmaker SK hynix was the top pick for foreign investors in the first quarter of the year, data showed on Saturday.
Hyundai Motor India debuts in NIFTY Next 50, NIFTY 100, NIFTY 500, S&P BSE 500 and other key capital market indices
Gurugram, March 28: Hyundai Motor India Limited (HMIL) (NSE: HYUNDAI, BSE: 544274) has marked a significant milestone by securing inclusion in key Indian capital market indices, including NIFTY Next 50, NIFTY 100, NIFTY 500, and S&P BSE 500.
Hyundai Motor aims to implement Level 2+ self-driving tech by 2027
Seoul, March 28: Hyundai Motor Group on Friday outlined a roadmap to implement advanced autonomous driving technology across its vehicle lineup, aiming to apply Level 2+ features by the end of 2027.
Hyundai Motor India debuts in NIFTY Next 50, NIFTY 100, NIFTY 500, S&P BSE 500 and other key capital market indices
Gurugram, March 28: Hyundai Motor India Limited (HMIL) (NSE: HYUNDAI, BSE: 544274) has marked a significant milestone by securing inclusion in key Indian capital market indices, including NIFTY Next 50, NIFTY 100, NIFTY 500, and S&P BSE 500.
Hyundai Steel to temporarily shut down rebar plant on low demand
Seoul, March 27: Hyundai Steel, South Korea's second-biggest steelmaker by sales, said on Thursday it will temporarily shut down one of its three domestic steel reinforcement bar (rebar) plants due to lower demand.
Indian companies raise record funds through equity and debt in FY25: Report
Mumbai, March 27: Indian corporates raised record-high funds through equity and debt in the financial year 2024-25, despite market fluctuations, a new report said on Thursday.
US tariffs on imported cars to weigh heavily on S. Korean carmakers
Seoul, March 27: US President Donald Trump's recent announcement to levy 25 per cent tariffs on all imported vehicles next month is expected to deal a heavy blow to South Korean carmakers, which largely depend on shipments to the United States, analysts said on Thursday.
South Korea to hold emergency meeting on US auto tariffs
Seoul, March 27: The government will hold an emergency meeting with local automotive companies on Thursday to discuss the possible impact of the US administration's plan to start imposing auto tariffs next week, the industry ministry said.
Trump announces Hyundai's USD 5.8 billion US Steel investment
Washington, DC, March 25: US President Donald Trump, alongside the Governor of Louisiana, announced on Monday that Hyundai will be investing USD 5.8 billion in American manufacturing, including the construction of a steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually and create more than 1,400 jobs, in an official White House briefing earlier today.
Hyundai bets big on America with $21 bn investment to gain edge in key market
Seoul, March 25: Hyundai Motor Group's decision to invest $21 billion in the United States over the next four years is being seen as a bold strategic move to solidify its competitive edge in its single-largest national market, industry observers said on Tuesday.
Hyundai, Kia to surpass 30 mn cumulative sales in US this year
Seoul, March 24: South Korea's largest automotive giant Hyundai Motor Group is set to reach a major milestone of 30 million cumulative vehicle sales in the United States this year, continuing its steady growth in the key overseas market, the company said on Monday.
Mahindra announces up to 3 pc price hike across SUV and CV range effective April 2025
Mumbai, March 21: Automobile manufacturer Mahindra & Mahindra on Friday announced a price increase of up to 3 per cent on its SUV and commercial vehicle (CV) range, effective from April 2025.
Hyundai to double down on US production with new EV plant
Seoul, March 21: Hyundai Motor Group is accelerating efforts to expand its production footprint in the United States, amid US President Donald Trump's continued call for foreign companies to manufacture in the country to do business there, according to industry observers on Friday.
S. Korea probing suspected dumping of hot-rolled steel, optical fibre from China
Seoul, March 20: The South Korean government has launched a probe into suspected dumping of hot-rolled carbon steel and optical fibre products from China and Japan, the industry ministry said on Thursday.
Hyundai Motor CEO highlights need to tackle challenges amid Trump tariff woes
Seoul, March 20: Jose Munoz, the chief executive officer (CEO) of Hyundai Motor, on Thursday highlighted growing trade tensions and protectionism as key challenges for the global automotive industry in 2025, urging strategic adaptability to maintain the company's growth momentum.
Hyundai Motor India to hike car prices by up to 3 pc from April
New Delhi, March 19: Joining the league of other automakers, Hyundai Motor India on Wednesday announced a price hike of up to 3 per cent on its cars, effective from next month.
Hyundai Motor announces raising car prices following other auto manufacturers
New Delhi, March 19: Hyundai Motor India will raise car prices by 3 per cent effective April 2025, the carmaker announced Wednesday.
Automaker Kia appoints CEO Song Ho-sung for 3rd term
Seoul, March 14: Automaker Kia on Friday appointed Song Ho-sung to the company's chief executive officer (CEO) position for another three-year term through an approval at the company's shareholders' meeting in Seoul.
Automaker Kia appoints CEO Song Ho-sung for 3rd term
Seoul, March 14: Automaker Kia on Friday appointed Song Ho-sung to the company's chief executive officer (CEO) position for another three-year term through an approval at the company's shareholders' meeting in Seoul.
Hyundai Steel shifts to emergency management mode amid tariff, labour woes
Seoul, March 14: Hyundai Steel said on Friday it has shifted to an emergency management mode in response to growing challenges, including the recent imposition of steel tariffs by the United States and an ongoing strife with unionised workers.
S. Korea to devise response measures to US tariffs on steel this month
Seoul, March 13: Seoul will come up with a response strategy before the end of this month to deal with the United States' 25 per cent tariff on all steel imports and protect the Korean steel industry, the industry minister said on Thursday.
Hyundai Motor planning to build 1st local hydrogen fuel cell plant
Seoul, March 11: Hyundai Motor plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028, the company's labour union claimed on Tuesday.
S. Korea to devise response measures to US auto tariff plan next month
Seoul, March 7: The government will come up with measures next month to respond to the United States' plan to impose tariffs on auto imports, the industry ministry said on Friday, as the new U.S. tariffs are expected to deal a severe blow to the South Korean automotive industry.
Steelmakers vow to work with S. Korean govt to respond to US tariffs
Seoul, March 7: South Korean steel companies said on Friday they will closely cooperate with the government and related agencies to minimise the impact of planned U.S. tariffs on all steel and aluminum imports from next week.
Hyundai has big plans for EV exports from India
New Delhi, March 5: India will play a key role as a manufacturing hub in achieving Hyundai Motor Company's aim of selling 20 lakh electric vehicles in the global market by 2030, according to the company's president and CEO Jose Munoz.
Hyundai, Kia post record sales in US in February
Seoul, March 2: Hyundai Motor, South Korea's top automaker, saw its sales in the United States climb 3 per cent from a year ago in February, marking its biggest sales for the month, the company said on Sunday.
Automakers clock robust SUV sales in India in February
New Delhi, March 1: Automakers in India on Saturday reported robust SUV sales figures for the month of February, as private consumption continued to rise amid resilient economy.
MSCI index rejig to bring up to $1 billion inflow; Hyundai, Zomato brace for volatile Friday
Mumbai, Feb 27: The MSCI Inc's February index review is set to take effect after market hours on Friday, bringing a net passive inflow of up to $1 billion into Indian stocks.
Choi expresses gratitude to Moroccan King over Hyundai Rotem's $1.5 bn train deal
Seoul, Feb 26: Acting President Choi Sang-mok has sent a letter to King Mohammed VI of Morocco, expressing gratitude after a South Korean company secured a major contract to supply advanced trains to the North African nation, Choi's office said on Wednesday.
Samsung, Hyundai team up to use private 5G network in car manufacturing
Seoul, Feb 26: Samsung Electronics said on Wednesday it has joined hands with Hyundai Motor to integrate its fifth-generation (5G) private network solutions with the carmaker's advanced vehicle manufacturing facilities.
Hybrid vehicle registrations in South Korea surpass 2 mn units
Seoul, Feb 25: The cumulative number of hybrid vehicles registered in South Korea surpassed 2 million for the first time last year, government data showed on Tuesday.