“India is ushering into a new era with clean and connected mobility...Hyundai is leading the future mobility solutions globally and will bring in the most relevant technology in the clean mobility space in the Indian market," S.S. Kim, MD and CEO, Hyundai Motor India Limited said.

CVVD optimises both engine performance and fuel efficiency while also being eco-friendly.

Thanks to competitive pricing and its best features, Hyundai Venue has crossed 34,000 bookings within a month of its launch in the fiercely competitive but slowing economy. Buyers have to make a down payment of Rs 25,000 for the booking.

"With the new investment, the companies have agreed to expand research to a wide range of models and to build an optimal platform for Hyundai and Kia's autonomous vehicles," Hyundai said.

Besides, the automaker, which is present in India through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL),

However, the company was not keen to launch hybrid powertrains as the current GST structure did not offer any relaxation on such models, Puneet Anand, senior general manager and group head (marketing) of HMIL, had said on the sidelines of the launch of the Venue in New Delhi.

However, the company was not keen to launch hybrid powertrains as the current GST structure did not offer any relaxation on such models, Puneet Anand, senior general manager and group head (marketing) of HMIL, had said on the sidelines of the launch of the Venue in New Delhi.

While the average monthly sales of Maruti’s Vitara Brezza is around 14,000 units, Hyundai’s Creta, which is slightly higher priced, sells nearly 10,000.

Venue comes with three engine options — 1 litre turbo and 1.2 litre petrol powertrains besides 1.4 litre diesel engine — and sits below the Creta in terms of price and positioning.

‘Hyundai Leasing’ will offer all of the company’s entire model line-up for leasing with no upfront and maintenance costs, HMIL said in a statement. “The Indian automotive industry is at the cusp of transformation...