The company was running bike taxis in the city which was reportedly illegal given the lack of a policy framework.
The companies will be creating solutions to operate and manage fleet vehicles and the partnership will also offer Ola drivers various financial services, including lease and instalment payments
Elliott, founded by billionaire Paul Singer, has been battling to get South Korea's No.2 conglomerate to return excess capital to shareholders and fix governance problems since May last year when it scuppered a restructuring plan.
In terms of design, compared to the boxy styling of the older Sonata, the new sedan is styled more like a four-door coupe.
Hyundai may get a 4 percent stake in Ola after the deal is finalised in the next few weeks.
If the deal goes through, it would be Hyundai's second investment in the Indian startup ecosystem. Previously, it had led a Rs 100-crore funding round in car rental startup Revv.
The automaker said about 2,000 employees in China took voluntary retirement or transferred to other factories.
Hyundai's China sales sank 23 percent in the fourth quarter amid a lack of attractive models and strong branding in the face of competition from both Chinese and global car makers.
Creta comes with various features, including electric sunroof, cruise control, ventilated front row seats and wireless phone charger among others.
The automaker said it also plans to invest 45.3 trillion won ($40.48 billion) over the next five years.
The airbag system senses occupants’ position that may change due to the first impact during an accident
A brief overview of competitors for 2019 Wagon R
An overview of Hyundai’s forthcoming mid-segment hatchback.
A list of futuristic vehicles showcased at CES 2019
An overview of Hyundai’s Elevate concept showcase at CES 2019
A crossover is typically SUV styling on a hatchback and offers a few more features than its hatchback sibling.
In his first New Year address to employees, group heir apparent Euisun Chung said Hyundai Motor Co and Kia Motors Corp would together launch 13 new or face-lifted models in 2019.
The Tata Harrier may be newest kid on the block and with the features it offers, it deserves all the eyes it will get. However, there are a few SUVs that can seriously compete with the Harrier.
Here's a list of sedans, hatchbacks and SUVs we liked so far. Do vote for the car you think looks the best. Scroll below for the poll.
Maruti Suzuki is India's largest automaker and while the company is not offering any direct discounts, some of their cars get benefits starting at Rs 35,000.
Hyundai's woes mark a major reversal for the automaker which was an early success story in China as it quickly and cheaply rolled out popular new models into a surging market.
The company had sold 62,139 units in October last year, HMIL said in a statement.
Hyundai said the overhaul was part of its efforts to accelerate innovation to achieve sustainable growth.
Hyundai has taken the covers off the all-new Santro. Here are all the details of the mini hatchback
The car will be offered in five variants with the top-end version being priced at Rs 5.45 lakh