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Seoul: Hyundai Motor Group said on Sunday it will invest 125.2 trillion won ($86 billion) in South Korea over the next five years in artificial intelligence (AI), robotics and other future technologies as part of its broader push to strengthen its domestic manufacturing base. The large-scale investment, aimed at securing the group’s “fundamental growth drivers,”…
Seoul: Hyundai Motor’s vehicle exports from its US plant plunged last month, industry data showed on Sunday, as the company accelerates production realignment strategies to cope with rising tariff tensions. Hyundai Motor Manufacturing Alabama (HMMA), a U.S. production unit of the South Korean automaker, exported just 14 vehicles in June, a sharp decline from 1,303…
New Delhi: Hyundai Motor India on Tuesday reported a net profit of Rs 1,161 crore for the October-December quarter this fiscal, which represents a 19 per cent decline over the corresponding figure of Rs 1,425 crore for the same quarter of FY 2023-24. The car major’s revenue from operations also declines 1.3 per cent during…
No news Business Hyundai Motor Q3 Results: Hyundai Motor Net Profit Falls 19% To Rs 1,161 Cr, Revenue Declines 1.3% Mumbai7 minutes ago Copy link Automobile company Hyundai Motor India Limited has received a net profit of Rs 1,161 crore in the third quarter of FY 2024-25. It has reduced by 19% on an annual…
Seoul: Hyundai Motor Group’s think tank on Wednesday cautioned against underestimating BYD, China’s largest electric vehicle (EV) manufacturer, as it plans to enter South Korea’s passenger car market. Yang Jin-soo, head of the mobility industry research division at Hyundai Motor Group Business Research Center, said during a seminar with automotive industry reporters that “there is…
Seoul: The head of Hyundai Motor Group on Monday emphasised the importance of resilience, innovation and proactive preparation in facing future challenges expected from ongoing global risks, as well as anticipated rollbacks in the electric vehicle (EV) policies of the US. At a group-wide New Year’s Greetings event held at Hyundai Motorstudio Goyang, just north…
New Delhi: India’s IPO market achieved a historic milestone, with proceeds doubling from USD 5.5 billion in 2023 to USD 11.2 billion in 2024 says Global Data report.Murthy Grandhi, Company Profiles Analyst at GlobalData, says 2025 promises even bigger fireworks. He said, “India’s IPO market hit a bull run in 2024, with proceeds skyrocketing to…
Seoul: Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value. In the buyback plan approved by the board of directors, Hyundai will repurchase 4.66 million shares, worth 1 trillion won, within a three-month period starting Thursday,…
Mumbai23 minutes ago copy link Jose Munoz joined Hyundai in 2019 as Global Chief Operating Officer with North and South American operational responsibility. Hyundai Motor on Friday appointed Jose Munoz, America’s current chief executive officer and global chief operating officer, as its CEO. With this, Munoz has become the first foreigner to lead a South…
Last Updated:November 15, 2024, 11:43 IST Munos joined Hyundai Motor five years ago in 2019 as its global chief operating officer. Jose Munoz. (Photo Credit: His LinkedIn Profile) Hyundai Motor has appointed Jose Munoz, current US chief and global chief operating officer, as its new chief executive officer (CEO), with effect from January 1, 2025,…