South Korea’s Hyundai Motor Group ranked second globally in operating profit during the first half of this year, surpassing Germany’s Volkswagen Group, industry data showed on Sunday. The combined operating profit of Hyundai Motor Co. and Kia Corp. totaled 13.01 trillion won (US$9.35 billion) for the January-June period, reports Yonhap news agency. By comparison, Volkswagen…
Hyundai Motor and its smaller affiliate Kia claimed a combined 11 per cent share of the US auto market in the January-May period despite import tariffs, a US market tracker said on Sunday. The two carmakers posted combined sales of 752,778 units in the first five months of the year, accounting for 11 percent of…
Hyundai, Kia sell Ola Electric shares: Hyundai Motor Company and Kia Corporation have completely exited their investment in Bhavish Aggarwal’s Ola Electric Mobility. South Korean automotive giants jointly sold their entire stake worth approximately Rs 690 crore through a block deal. According to bulk deal data from the National Stock Exchange (NSE): Hyundai sold 10.88…
Hyundai Motor India Ltd. (HMIL) has announced its plans to introduce eco-friendly powertrains, including hybrid vehicles, as part of its long-term strategy to strengthen its position in the Indian automotive market. Unsoo Kim, Managing Director of Hyundai Motor India, shared the news during a statement on the company’s financial performance and outlook. “We are also…
Hyundai Magna Executive Launched: Hyundai Motor India has launched a new variant of its premium hatchback i20 — Magna Executive — on Monday, May 19 at a price of Rs 7,50,900 (ex-showroom). According to the company, this addition aims to provide premium features like 6-airbags, ESC, VSM, etc. to the customers at an affordable price….