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Hyundai ownership revamp: Scion to take charge, complete rejig in 2019
Posted on 2nd January 2019
The heir apparent of Hyundai Motor Group said on Wednesday he will complete a restructuring in 2019 as he moves to formally take over from his father at the helm of South Korea's second-biggest conglomerate.

Euisun Chung made the comments in his first New Year address to employees in the absence of his 80-year-old father, the clearest sign that he is now in charge of the group as it plans its first leadership transition in about two decades.

Hyundai Motor reveals world’s first smart fingerprint technology to vehicles – All you need to know
Posted on 29th December 2018
This week, Hyundai Motor Company announced the world’s first smart fingerprint technology that allows drivers to not only unlock doors, but also start the vehicle. Hyundai plans to implement the technology initially in the Santa Fe SUV model that is to be released in select global markets in the first quarter of 2019.

Hyundai, South Korea govt eye low-cost carmaking JV despite stiff protests
Posted on 5th December 2018
South Korea's Hyundai Motor and a local government partner are aiming to sign a final deal this week on a low-cost carmaking joint venture despite stiff opposition from labour unions who fear the move would cause job losses and cut wages.

In a first such move for Korea's biggest automaker, Hyundai and the southwestern city of Gwangju agreed on Tuesday on a preliminary deal to jointly build a new factory which will have an annual capacity of 100,000 mini-SUVs starting in 2021.

Hyundai India MD & CEO Y K Koo steps down, Seon Seob Kim to take over
Posted on 30th November 2018
Hyundai Motor India Ltd (HMIL) Managing Director & CEO Y K Koo has stepped down from his post. He is moving back to the automaker's head office in Korea. Koo will be replaced by Seon Seob Kim, head of the business operations division.

While HMIL officials were not available for comment immediately, Hyundai's global announcement stated that Kim would become the head of Hyundai Motor India headquarters.

Hyundai group looks to set up a steel plant in partnership with RINL
Posted on 27th November 2018
A team from the Hyundai group visited Visakhapatnam Steel Plant of Rashtriya Ispat Nigam Ltd (RINL) to explore the possibility of setting up a steel plant in partnership with the public sector steel major.

A delegation of Hyundai representatives, led by the South Korean ambassador, was at the plant site last month. These are government-to-government talks, said RINL Chairman and Managing Director P K Rath.

Relief for Hyundai: Supreme Court stays Rs 420-crore fine
Posted on 17th November 2018
The Supreme Court on Friday stayed the Competition Commission of India’s order that imposed over Rs 420-crore penalty on the country’s second-largest car maker Hyundai Motors India for anti-trade practices including lack of standardisation of spare parts and allowing original equipment suppliers (OESs) to sell spare parts in the open market without any restrictions.

Hyundai to invest 7,000 cr. in Sriperumbudur unit
Posted on 13th November 2018
South Korean automotive manufacturer Hyundai will be investing ₹7,000 crore to expand its facility at Sriperumbudur, near here, and to make new models and electric vehicles, chief executive officer and managing director of its Indian subsidiary, Hyundai Motor India Ltd., Y.K. Koo, said here on Monday.

Second EV product in India could be a smaller SUV: Hyundai
Posted on 29th October 2018
South Korean auto major Hyundai could bring in a smaller electric SUV to India after assessing the response for its bigger Kona electric SUV which it plans to introduce in the country next year, a top company official said.

The company, which operates in the country through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), would launch its first electric model Kona in the second half of the next year.

New Hyundai Santro launch on October 23; six reasons why company feels it will be winner again
Posted on 20th October 2018
Globally, it was called Hyundai Atos. When this tall car with a short bonnet and a vertical back was launched in India on September 23, 1998, Hyundai chose the name Santro—taken from Saint-Tropez, the French city famous for fashion—because the company wanted to project it as a ‘fashionable’ new car. It was the first uniquely-designed small car that was not a Maruti (Fiat had launched the forgettable Uno in 1996), and it appealed to customers.

Hyundai unveils all new Santro, online bookings to start from Wednesday
Posted on 9th October 2018
India’s second largest carmaker Hyundai Motor India Ltd will ship out its all new Santro model to global markets apart from catering to the domestic market, said a top company official on Tuesday.

The company will begin booking for the new model online from Wednesday onwards till October 22, he said.

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