Hyundai News - Latest Updates & Headlines
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.
Hyundai Steel suspends cold-rolled plant amid stalled wage talks
Seoul, Feb 24: Hyundai Steel, South Korea's second-biggest steelmaker by sales, said on Monday it has suspended its cold-rolled steel plant in the wake of a month-long strike by its workers demanding pay hikes.
India leads global IPO activity in 2024, raises over $19 billion
New Delhi, Feb 23: India emerged as the global leader in initial public offerings (IPOs) activity in 2024, accounting for 23 per cent of all public issues worldwide, a new report said on Sunday.
Hyundai Motor's 1st foreign CEO sees quality, differentiation as key to growth
Seoul, Feb 21: Jose Munoz, the first foreign chief executive officer (CEO) of Hyundai Motor, has underscored high-quality products and differentiated strategies as keys to growth, the company said on Friday.
Hyundai, Samsung brace for hefty US tariffs
Seoul, Feb 19: South Korean automotive and chip companies are devising strategies to deal with looming hefty tariffs on their US exports, industry observers said on Wednesday, after US President Donald Trump announced his intention to impose auto duties of around 25 per cent and similar levels on chips.
Automaker Kia to showcase non-passenger military vehicles
Seoul, Feb 17: Kia, South Korea's second-largest carmaker, said on Monday it will participate in the International Defence Exhibition and Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles.
Hyundai crosses 37 lakh unit exports from India, to make more cars for the world
Gurugram, Feb 15: Hyundai Motor India Limited (HMIL), one of the country's leading automobile manufacturers, has completed 25 years of exports from India, reinforcing its position as the largest exporter in this segment.
South Korea holds emergency meeting on US tariffs on steel, aluminum imports
Seoul, Feb 10: South Korea's industry ministry held an emergency meeting on Monday to assess the possible impact on local businesses from the United States' plan to impose a 25 per cent tariff on all steel and aluminium imports.
Hyundai Motor Group restricts use of DeepSeek among employees
Seoul, Feb 7: Hyundai Motor Group has restricted its employees from accessing DeepSeek, a Chinese generative artificial intelligence (AI) service, amid concerns over potential data leaks, according to sources on Friday.
Hyundai to suspend Ioniq 5, Kona Electric production amid slowing EV demand
Seoul, Feb 7: Hyundai Motor will temporarily suspend production of its Ioniq 5 and Kona Electric models, as weakening electric vehicle (EV) demand continues to impact sales, according to industry sources on Friday.
Hyundai Motor Group poised for potential gains from US tariffs on Mexico
Seoul, Feb 5: Hyundai Motor Group is expected to be among the least affected global automakers from the United States' plan to levy a 25 percent tariff on goods from Mexico, according to market watchers on Wednesday.
Hyundai, Kia's January sales down on fewer working days from extended holiday
Seoul, Feb 3: Hyundai Motor said on Monday its monthly sales for January dropped 2.3 per cent from a year earlier due to a reduced number of business days.
South Korea's exports of gasoline, diesel hit record high in 2024
Seoul, Feb 2: Exports of gasoline and diesel by major refiners in South Korea hit a record high last year, with over 50 percent of all imported crude oil shipped overseas after being refined here, data showed on Sunday.
South Korean firms brace for impact from Trump tariffs on Canada, Mexico
Seoul, Feb 2: South Korean companies are working to devise measures to minimise the impact from the United States' decision to impose high tariffs on goods imported from Canada and Mexico, officials said on Sunday.
Hyundai's US sales jump 15 pc YoY in January
Seoul, Feb 2: Hyundai Motor, South Korea's top automaker, saw its sales in the United States climb 15 per cent from a year ago in January, marking its biggest sales for the month to date, the company said on Sunday.
Hyundai Motor India clocks 19 pc decline in net profit at Rs 1,161 crore in Q3
New Delhi, Jan 28: Hyundai Motor India on Tuesday reported a net profit of Rs 1,161 crore for the October-December quarter this fiscal, which represents a 19 per cent decline over the corresponding figure of Rs 1,425 crore for the same quarter of FY 2023-24.
EV penetration to surge in 3 yrs with reliable models, competitive prices, and expanding charging network: Axis Capital
New Delhi, January 26: The electric vehicle (EV) penetration will increase in the next three years due to the introduction of more reliable models at competitive price points and the possible growth of the charging network, according to the Axis Capital report.
3 South Korean shipbuilders rank among top 10 in global new orders
Seoul, Jan 26: Three South Korean shipbuilders were on the list of the world's top 10 companies by new global orders in 2024, while the remaining seven spots were claimed by Chinese shipyards, industry data showed on Sunday.
Hyundai Motor's 2024 net income up 7.8 pc, aims to sell 4.17 mn units this year
Seoul, Jan 23: Hyundai Motor, South Korea's leading automaker, said on Thursday its net profit for 2024 rose 7.8 per cent from a year earlier owing to an increase in the global demand for eco-friendly vehicles.
4 carmakers to recall over 340,000 vehicles for faulty parts
Seoul, Jan 23: Hyundai Motor, Kia and two other carmakers will voluntarily recall over 340,000 vehicles due to faulty components, the transport ministry said on Thursday.
Fadnavis engages with global leaders and corporate giants at Davos for investment
Mumbai, Jan 22: Maharashtra Chief Minister Devendra Fadnavis held a series of impactful meetings with veteran politicians and corporate leaders on the sidelines of the World Economic Forum (WEF) at Davos.
Hyundai Motor India Limited Strengthens 'Atmanirbhar Bharat' with localization of over 1,200 components and EV battery packs
New Delhi, January 21: Hyundai Motor India Limited (HMIL) reaffirmed its commitment to India's 'Atmanirbhar Bharat' initiative by localizing over 1,200 key components and launching locally assembled EV battery packs at its state-of-the-art plant in Chennai.
Threats, new horizons loom for South Korean industries as Trump 2.0 begins
Seoul, Jan 21: As Donald Trump took office for his second term as US president, South Korean industries were closely watching for potential changes in Washington's economic and trade policies, which could significantly impact their American businesses, industry observers said on Tuesday.
HD Hyundai Electric Q4 net falls 10.9 pc on one-off costs
Seoul, Jan 20: HD Hyundai Electric, a South Korean electrical equipment maker, said on Monday its fourth-quarter net profit fell 10.9 per cent from a year earlier due to one-off costs.
Hyundai Motor unveils concept models of EV 3-wheeler, micro 4-wheeler at Auto Expo
New Delhi, January 18: Hyundai Motor Company (Hyundai Motor) unveiled the concept models of its advanced electric three-wheeler and micro four-wheeler at the ongoing Bharat Mobility Global Expo 2025 here in the national capital.
Hyundai Motor launches Hyundai CRETA electric at introductory price of Rs 18 lakh
New Delhi, January 17: Hyundai Motor India launched its much-anticipated Hyundai CRETA Electric at the Bharat Mobility Global Expo 2025 here in the national capital, at an introductory price of Rs 1,799,000.
Hyundai, Kia expected to announce record 2024 earnings: Report
Seoul, Jan 16: Hyundai Motor and Kia, South Korea's top automakers, are expected to release their annual earnings results next week, drawing attention as to whether they can extend their streak of record-breaking performances, industry watchers said on Thursday.
Hyundai Motor raises alarm at BYD's entry into South Korean market
Seoul, Jan 15: Hyundai Motor Group's think tank on Wednesday cautioned against underestimating BYD, China's largest electric vehicle (EV) manufacturer, as it plans to enter South Korea's passenger car market.
Plug-in hybrid electric vehicles to drive global EV growth in 2025
Seoul, Jan 15: The global market for electric vehicles (EVs) is expected to see significant growth this year driven by the plug-in hybrid electric vehicle (PHEV) segment, while the battery electric vehicle (BEV) segment may continue to face challenges, a think tank run by Hyundai Motor Group said on Wednesday.
Hyundai, Kia's eco-friendly car exports rise 3 pc last year
Seoul, Jan 14: Hyundai Motor and its affiliate Kia said on Tuesday their combined exports of environmentally friendly vehicles climbed 3 per cent in 2024 from a year earlier despite an economic slowdown.
Hyundai Motor partners Nvidia on AI, LG Energy inks pact with Aptera Motors
Seoul, Jan 10: Hyundai Motor Group said on Friday it has formed a strategic partnership with Nvidia for the development of advanced artificial intelligence (AI) technologies related to future mobility.
Two-wheelers, tractor volumes to outpace passenger vehicles and trucks in FY25-27: Jefferies
New Delhi January 9: The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment banks and financial services company."We expect 2Ws and tractors to grow at strong 13 per cent and 15 per cent CAGR respectively over FY25-27E (FY25E: 12 per cent and 6 per cent)," says the report.The report added that the volume growth of passenger vehicles and trucks segment is expected to grow at a rate ranging from 5 to 8 per cent.
Hyundai Motor Group pledges record $16.6 billion investment in South Korea
Seoul, Jan 9: Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.
Hyundai Motor Group chief stresses resilience, innovation in facing new biz challenges
Seoul, Jan 6: The head of Hyundai Motor Group on Monday emphasised the importance of resilience, innovation and proactive preparation in facing future challenges expected from ongoing global risks, as well as anticipated rollbacks in the electric vehicle (EV) policies of the US.