Hyundai, Kia’s Europe sales down 10.5 pc in November
Combined vehicle sales of leading South Korean automakers Hyundai Motor and Kia in Europe fell 10.5 per cent in November from a year ago, industry data showed on Thursday.
Combined vehicle sales of leading South Korean automakers Hyundai Motor and Kia in Europe fell 10.5 per cent in November from a year ago, industry data showed on Thursday.
Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.
The chiefs of Hyundai Motor Group and Toyota Motor Corp said on Sunday that the two carmakers will cooperate in the motor sports division in their first public appearance at a racing event.
Shares of Hyundai Motor India are set to start trading on the Indian stock market on Tuesday, following last week's $3.3 billion IPO subscription process.
Car and SUV manufacturers have agreed to offer discounts of 1.5 per cent of the ex-showroom price of a new car or Rs 20,000 whichever is lower
Hyundai and Kia's second-quarter operating income likely rose 1 per cent and 11 per cent, respectively, from the same period of last year, the survey showed.
The union said on Saturday its members have voted to accept a tentative wage deal reached earlier in the week.
Hyundai Motor, South Korea's leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data on Sunday, as it has filed for an initial public offering (IPO) worth Rs 25,000 crore for its India unit.
Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed on Sunday.
South Korea's top carmaker Hyundai Motor and its affiliate Kia said on Sunday that they have inked an agreement with China's tech giant Baidu to develop technologies for connected cars.
