Hyundai Cars

Curated By: Shahrukh ShahLast Updated: February 19, 2024, 18:40 IST2024 Hyundai Creta Facelift. (Photo: Shahrukh Shah/ News18) Recently, the vehicle received a major makeover last month. The updated model was launched at the starting price of Rs 10.99 Lakh (ex-showroom).Ever since the Hyundai Creta was introduced in the Indian market, it undoubtedly achieved an overwhelming response from customers. From contributing a big hand in the overall sale to landing the brand into profitable margins, the mid-size SUV did it all.…

Last Updated: March 28, 2023, 11:47 ISTHyundai to boost Genesis production (Photo: Hyundai)Hyundai's luxury brand Genesis is all set to enter India. The automaker mulls over local manufacturing for Genesis to capitalize on India's luxury car market.In a bid to strengthen its presence in the Indian luxury car market, Hyundai is reportedly considering local manufacturing for its luxury brand Genesis. According to sources, the South Korean automaker is mulling over the idea of setting up a production unit in India to cater…

Last Updated: November 11, 2022, 17:16 ISTIonic 5 (Photo: Hyundai Motor Company)The Ioniq 5 will be the company's first model in the country based on the electric Global Modular Platform (E-GMP)Hyundai Motor India on Thursday said it will introduce its global dedicated battery electric vehicle platform in the country with its upcoming model Ioniq 5, slated to debut in the Auto Expo in January next year. The Ioniq 5 will be the company’s first model in the country based on the electric Global Modular Platform (E-GMP).…

Hyundai Motor Group said on Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor, its independent Genesis brand and Hyundai’s smaller affiliate Kia sold a combined 123,233 vehicles in the world’s most important automobile market in October, up from 114,128 units a year ago, according to the companies’ sales data. Hyundai’s sales climbed 7 percent to 60,604 units last month from 56,761 a year ago, while Kia’s were up 12…

Hyundai Motor on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving engine-related services. The South Korean carmaker expected its on-year revenue will grow by 19-20 percent this year, which is higher than the 13-14 percent growth last year. It reported 117.61 trillion won ($81.67 billion) in revenue in 2021. Hyundai also projected its operating profit margin to reach 6.5-7.5 percent from 5.5-6.5 percent…

Hyundai Motor Group’s air taxi unit has picked aerospace supplier Honeywell International Inc (HON.O) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft, the companies said, ahead of an announcement next week. Under the collaboration, Honeywell will work with Supernal, Hyundai’s U.S.-based eVTOL firm, to explore the integration of the aerospace supplier’s ‘Anthem’ flight deck into the air taxis, which are slated to enter commercial service in 2028. Electric air taxi-makers…

Last Updated: October 13, 2022, 18:51 ISTHyundai has decided to make the massive software investment. (Photo: PTI)Hyundai Motor Group aims to regularly update the performance and function of all vehicles to be sold globally from 2025Hyundai Motor Group said it will invest 18 trillion won ($13 billion) to apply an advanced software program to all of its vehicles and offer its customers regular software updating services. The South Korean carmaker has decided to make a massive software investment to launch most of its new…

South Korea’s Hyundai Motor Group said on Monday it ranked third in first-half global vehicle sales on increased high-end model sales despite the lack of automotive chips. Hyundai Motor, its independent Genesis brand, and Hyundai’s smaller affiliate Kia Corp. sold a total of 3.299 million vehicles in global markets in the January-June period, following Toyota Motor Group’s 5.138 million units and Volkswagen Group’s 4.006 million units, according to their sales data. In the first six months, increased sales of Genesis…

Hyundai Motor said on Friday it will spend $424 million to build artificial intelligence (AI) research center in the US to bolster its edge in robotics technology, an area it cites as a key future growth driver. Hyundai Motor, Kia, and Hyundai Mobis — Hyundai’s three key auto affiliates — will invest $211.9 million, $127.1 million, and $84.7 million, respectively, for the AI center that will be located in Boston, Hyundai’s regulatory filing showed. The institute will “invest resources across the technical areas of…

Hyundai Motor will voluntarily recall more than 70,000 vehicles to fix faulty components, the Transport Ministry said on Thursday. Hyundai is recalling 70,582 units of six models that include the Xcient QZ heavy-duty truck and the County bus, the Ministry of Land, Infrastructure, and Transport said in a statement. Along with Hyundai’s recall, Mercedes-Benz Korea is also set to recall 438 units of five models, including the EQE 350+ and EQS 450+ pure electric sedans, reports Yonhap News Agency. The problems that prompted…