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.
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.
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.
Seoul, January 5: South Korean carmakers' domestic sales of eco-friendly cars hit a new record last year, driven by the popularity of hybrid models, data showed Sunday, Yonhap News Agency reported.
Seoul, Jan 5: South Korea's Hyundai Motor Group said on Sunday it has posted record sales in the United States in 2024, driven by the popularity of SUVs, minivans and eco-friendly models.
New Delhi, January 2: In its journey towards electric mobility, Hyundai Motor India Limited (HMIL) has unveiled the highly anticipated Hyundai CRETA Electric. Hyundai is offering the CRETA Electric in four variants--Executive, Smart, Premium, and Excellence--along with eight monotone and two dual-tone colour options, including three matte finishes.
New Delhi, January 1: Hyundai Motor India Limited (HMIL) recorded its highest-ever yearly domestic sales of 6,05,433 units in 2024.