Hyundai Motor India share price: The shares of the company hit a 52-week high of Rs 2,659.90 apiece, extending gains for the second consecutive session.
Some 300 South Korean workers returned home to cheers and emotional reunions on Friday, a week after being detained in the massive immigration raid
Investors will get their first snapshot of relations early this week, with Foreign Minister Cho Hyun is expected to depart for Washington on Monday to secure the release of 300 South Korean citizens swept up in the raid
Speaking on CNN's 'State of the Union,' White House border czar Tom Homan said the administration would intensify the focus on workplaces
A plane will be on its way to bring back the Koreans once administrative procedures are completed, Kang Hun-sik, Presidential Chief of Staff, said in televised remarks
South Korean Foreign Ministry spokesperson Lee Jaewoong described the number of detained South Koreans as “large" though he did not provide an exact figure.
In the same month last year domestic sales were at 49,525 units and exports stood at 13,650 units.
The Korean brands will have to introduce new products to stay competitive in the Indian market.
Mahindra, Hyundai and Tata are engaged in a three-way battle for the second position in terms of volume in the domestic car market.
Hyundai Creta is the second largest-selling car in India in CY25 at 84,744 units.
The automobile major at present recognises the United Union of Hyundai Employees (UUHE) as the official negotiating body.
This SUV can be had in petrol, turbo petrol, diesel and electric powertrains.
The production of passenger vehicles will start at the Talegaon plant in the December quarter of the current fiscal.
Several OEMs have referred to hybrid technology as a 'transitional technology' between ICE and EV, in the past. However, the hybrid segment is witnessing a growth.
Electric cars require 1.5 kilograms to 3 kilograms of rare earth magnets, while internal combustion engine models use around 100 grams.
The company has invested approximately US $6 billion in India since its inception, and allocated an additional Rs 1,500 crore towards upgrading and modernizing its Chennai manufacturing facility in Sriperumbudur, Tamil Nadu, which remains the company's first integrated car manufacturing plant outside South Korea.
Maruti Suzuki continued to hold the lion's share in the market, selling nearly 1.8 lakh units (including exports) during the month
US President Donald Trump Trump struck an upbeat tone about a deal with India, telling reporters: "India is coming along great. I think we'll have a deal with India."
Creta emerged as the largest-selling model in the domestic passenger vehicle segment in March with sales of 18,059 units.
Mahindra & Mahindra and Toyota Kirloskar Motor posted double-digit growth riding on their SUV and MPV models.
Tesla's cheapest car model retails for over $35,000 (over Rs 30 lakh) in US. This is significantly higher than the average selling price of cars in India, which stands at nearly Rs 12 lakh, CLSA noted in its recent report.
The competitive intensity in the local market will increase though the impact will be varied
The company, which is looking to diversify its export markets as it continues to face challenges regarding shipments to regions like the Middle East due to the Red Sea and other geopolitical issues.
The government is likely to release detailed guidelines for the Centre’s Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) by February-end.