Hyundai Motor’s planned $3 billion IPO in India will help the carmaker score two goals in one go: expand in one of the world’s fastest growing markets and tackle the so-called “Korea discount” that suppresses the value of its business back home. Hyundai, India’s second-biggest carmaker behind Maruti Suzuki with a 15% market share, has … Read more
Hyundai Motor India sold 65,801 cars in India in November 2023, registering a 2.80 percent growth as compared to the 64,003 units sold in the corresponding month last year. In the domestic market, the carmaker clocked 49,451 units, an uptick of 3.01 percent, as against the 48,002 units sold in November 2022. In fact, the … Read more
At a time when carmakers are swearing off diesel due to regulatory and tax pressures related to emissions and pollution, Hyundai, the country’s second-largest carmaker, is steadfast in its commitment to this fuel. Tarun Garg, COO of Hyundai in India, emphasized the company’s success with diesel variants and its determination to maintain a competitive edge. … Read more
Employees work at the new energy electric car production line of BAIC Longway Hebei Automobile Co Ltd in Weixian county, Hebei province. [Photo/Xinhua] Chinese carmaker Beijing Automotive Group Co will phase out conventional fuel-powered cars under its own brand by 2025 as part of its ambitious new energy car campaign, according to a top company … Read more