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EV import scheme can affect Hyundai’s business
This policy will enable foreign OEMs to set up manufacturing bases in India, and also enter the domestic sales market, which will also intensify competition in the industry.Read more
Hyundai Motor India expands production capacity with Talegaon plant acquisition
The signing of a Memorandum of Understanding (MoU) between Hyundai Motor India and the Government of Maharashtra marks a significant step in expanding the cumulative production capacity to 1 million annual units.Read more
Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai
The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.Read more
August sets new record for domestic passenger vehicle sales in India
Utility vehicles like Brezza, Grand Vitara, Jimny, Ertiga, and XL6 experienced a substantial two-fold increase with sales surging from 26,932 units in August of the previous year to 58,746 units.Read more
Hyundai Motor India exchanges MoU with TN govt, planning to invest Rs 20,000 Cr
Hyundai Motor India Limited (HMIL) is planning for a long-term investment in the state of Tamil Nadu for over the period of 10 years (2023 to 2032) with a plan to increase production volumes and introduce new electric vehicle models. Read more
Hyundai Motor signs term sheet for potential acquisition with General Motors
Hyundai Motor India Limited (HMIL) today signed a term sheet with General Motors India (GMI). Proposed acquisition covers identified assets at GMI, Talegaon Plant, Maharashtra. Read more
