Hyundai Motors

Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday. Apple is counting on India as the next big driver of its growth as the tech giant looks to diversify some production away from China, with Pegatron working towards a second factory in the country where Tata Group last year began to assemble iPhones.Tata Electronics, a part of the Indian conglomerate, committed to invest 120.8…

Published By: Paras YadavLast Updated: April 12, 2023, 09:36 ISTHyundai Motors (Photo: IANS)Hyundai Motor, its smaller affiliate Kia and auto parts maker Hyundai Mobis will collectively invest to become World's No. 3 EV maker in terms of sales by 2030Hyundai Motor Group said on Tuesday it will invest 24 trillion won ($18.2 billion) in its domestic electric vehicle (EV) production facilities and other EV projects by 2030.Hyundai Motor, its smaller affiliate Kia and auto parts maker Hyundai Mobis will collectively make the…

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…