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Hyundai, Kia to launch first India-made EVs next year

Production of Hyundai's locally manufactured EVs will begin by the end of 2024 and will be launched by 2025, along with Kia's India-made EV, the Hyundai Motor Group said in a statement on Thursday, adding that it would unveil five models by 2030

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Expect rural sales contribution at record levels this fiscal: Hyundai, ET Auto

Hyundai In Rural Market: Hyundai Motor India anticipates continued strong sales contribution from rural areas in the current fiscal, targeting a growth to around 20%. The automaker reported 11% growth in rural sales last year, with plans to expand in smaller towns. Initiatives such as Grameen Mahotsav aim to further drive sales in rural markets.

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Hyundai and Kia partner up with Exide Energy, to localise production of EV battery

India is recognized as a highly promising automotive market worldwide and the country is rapidly emerging as a critical player in the production and sales of EVs.

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Domestic car sales in last financial year grew by nearly 9% to a record 4.23 mn units, ET Auto

Domestic Car Sales: Car sales in India soared by 9% to 4.23 million units last fiscal, driven by SUV demand. Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, and MG Motor India all reported significant sales growth across various segments. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to 336,000 units in the year-ago period, making it the 15th consecutive month that PV sales have breached previous monthly records.

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PV sales surge 10% in March at 3.7 lakh units, breach 4.2 million mark in FY24

Car sales are on an uphill drive thanks to improved semiconductor supplies, robust demand for Sports Utility Vehicles (SUVs), healthy economic growth, favourable monsoon, and effective monetary policies

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Hyundai Motor India Renewable Energy Targets: Hyundai Motor India targets 100% use of renewable energy, RE100, by 2025, ET Auto

Hyundai Motor India Renewable Energy Targets: The company now meets 64% of its energy requirements from renewable sources, and aims to reach the 100% mark ahead of most automakers in the country. RE100 is the global corporate renewable energy initiative by the Climate Group, bringing together hundreds of large and ambitious businesses committed to 100% renewable electricity.

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Passenger vehicle sales surge 14% to 393,074 units in January: SIAM, ET Auto

SIAM Data For January: Passenger vehicles and three-wheelers continued to achieve their highest sales ever for the period of April to January in FY 24. This growth was driven by positive consumer sentiments and strong sales in rural areas.

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CEO's Take on 2024: Hyundai India expects consistent and sustainable growth next year

CEO's Take On 2024: After two consecutive years of sales growth, Hyundai Motor India (HMI) expects an upwards trajectory in 2024. Putting all its eggs in the EV basket, the Korean carmaker expects several technology advancements to shape the next decade of the mobility industry in India. In the mid-to-long term, it aims for India to be its number one market globally. “The mission for 2024 is “Consistency and Sustainability” and to continue our journey by charting out a path that will define the future of mobility for India,” Un Soo Kim, MD and CEO, Hyundai Motor India, told ETAuto in an interview.

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Car Sales January 2024: Carmakers record best-ever monthly sales in January; Maruti, Hyundai & Tata lead from the front, ET Auto

Car Sales January 2024: Indian carmakers Maruti Suzuki, Hyundai Motor India, and Tata Motors reported their best-ever monthly sales in January, with volumes growing by over 13%. Maruti Suzuki sold 166,802 units, Hyundai Motor India sold a record 57,115 units driven by the newly launched Hyundai CRETA, and Tata Motors saw sales increase by 12%. Two-wheeler companies Honda Motorcycle & Scooter India and TVS Motor Company also reported significant growth. However, commercial vehicle sales were subdued, with Tata Motors experiencing a decline, and Mahindra Tractors reporting a 17% decline in sales.

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PV sales up by 14% at 394,571 units in January 2024

Car Sales in January: Industry players attributed the growth in wholesales numbers to record SUV sales, exceptional response to new launches, rising production levels, and robust economic growth.

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