Hyundai, Kia’s January sales down on fewer working days from extended holiday
Hyundai Motor said on Monday its monthly sales for January dropped 2.3 per cent from a year earlier due to a reduced number of business days.
Hyundai Motor said on Monday its monthly sales for January dropped 2.3 per cent from a year earlier due to a reduced number of business days.
Hyundai Motor, South Korea's top automaker, saw its sales in the United States climb 15 per cent from a year ago in January, marking its biggest sales for the month to date, the company said on Sunday.
The number of vehicles voluntarily recalled by automakers in South Korea reached an all-time high this year, with nearly 80 percent attributed to domestic giant Hyundai Motor Group, traffic authorities said on Sunday.
Combined vehicle sales of Hyundai Motor and Kia, South Korea's leading automakers, in Europe fell 7.5 per cent in October from a year ago, industry data showed on Thursday.
The initial public offering (IPO) of Hyundai Motor India saw a lukewarm response from investors on Tuesday, with the issue subscribed 0.18 times or 18 per cent on Day 1 of the subscription.
It included 21 domestic mutual funds through a total of 83 schemes (34.42 per cent of the total allocation to anchor investors).
IPO-bound Hyundai Motor India Ltd (HMIL) has earmarked investments worth around Rs 32,000 crore for India till 2032, as the company predicts a strong and steady EV market growth till 2030.
Hyundai Motor, South Korea's biggest carmaker, said on Wednesday its sales fell 3.7 per cent last month from a year earlier on weak overseas demand.
Electric vehicle (EV) models produced by South Korea's Hyundai Motor and Kia have received top ratings in major global car crash safety tests, the automakers said on Sunday.
A new car manufacturing plant by Hyundai Motor, South Korea's largest automaker, under construction in the US state of Georgia will prioritise producing electric vehicles despite a temporary fluctuation in market demand, the company's CEO said on Monday.
