Hyundai Motor News - Latest Updates & Headlines
Hyundai Motor India's 'Brand i10' surpasses 3 million sales
Gurugram, April 28: Hyundai Motor India Limited (HMIL) announced on Monday that i10 has achieved sales of over 3.3 million unit sales in India and export markets.
Hyundai Motor makes first-ever delivery of electric buses in Japan
Seoul, April 21: Hyundai Motor said on Monday it has delivered five electric buses to the transportation unit of Japan's Iwasaki Group, marking its first commercial electric bus delivery in the neighbouring country.
LG-led consortium to withdraw $7.7 bn battery supply chain project in Indonesia
Seoul, April 18: A South Korean consortium led by LG has decided to withdraw a project worth around 11 trillion won ($7.7 billion) to establish an electric vehicle (EV) battery supply chain in Indonesia, industry sources said on Friday.
Hyundai Motor to halt Ioniq 5, Kona EV production again over weakening demand
Seoul, April 17: Hyundai Motor will temporarily suspend production of its Ioniq 5 and Kona electric vehicles (EVs) at its main domestic plant next week, as weakening overseas demand continues to weigh on exports, according to industry sources on Thursday.
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.
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 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 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.
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 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 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.
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.
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 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 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.
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.
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.
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, 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.
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.
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.
Hyundai Motor Group posts record sales in US in 2024
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.