Greater Noida: South Korean automaker Hyundai on Wednesday launched a new version of its premium compact hatchback Elite i20 priced between Rs5.34 lakh and Rs9.15 lakh (ex- showroom Delhi).

The company, which operates here through its wholly-owned arm Hyundai Motor India Ltd (HMIL), also unveiled its global electric vehicle Ioniq.

The first month of 2018 seems to have brought big cheers to the automobile makers in the country as they logged good growth in volumes.

"2018 has started on a positive and promises progressive growth for the industry, with company's volume growth of 8.3 per cent on improved buying potential, led by stable micro economic factors," said Rakesh Srivastava, Director, Sales and Marketing, at Hyundai Motor India Ltd (HMIL) on Thursday.

NEW DELHI: Introduction of goods and services tax has come as a boon in a totally unexpected way for Hyundai Motor, the second largest producer of passenger vehicles in India.

The new nationwide indirect tax system has allowed the company to do a stockyard rationalisation, as it doesn't have to keep finished products locally for tax optimisation.

DETROIT: Hyundai is recalling nearly 88,000 cars in the US because an electrical short in the antilock brake system could cause engine-compartment fires.

The recall affects certain 2006 Sonatas and 2006 through 2011 Azeras.

South Korea's Hyundai Motor Group pledged to hire about 45,000 people over the next five years amid an emphasis on jobs by the government, but analysts doubted if the conglomerate would meet the goal as it was eyeing cost cuts to counter sluggish sales.

South Korea's finance ministry announced on Wednesday Hyundai Motor Group's plan for hiring and investing about 23 trillion won ($21.56 billion) over five years after Finance Minister Kim Dong-yeon visited the group's lab earlier in the day. The group includes flagship Hyundai Motor Co and Kia Motors Corp.

Hyundai Motor Co said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker's first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.

Grab has expanded to eight Southeast Asian countries and has said it is the biggest operator in the region's third-party taxi hailing and private-vehicle hailing sector.

Hyundai Motor India Ltd (HMIL) on Wednesday launched two new variants of its mid-sized premium sedan Verna with 1.4 litre petrol engine, priced at Rs 779,000 and Rs 909,000 (ex-showroom Delhi).

The company, which introduced a new generation Verna in August last year, is already selling the model with 1.6 litre petrol and diesel powertrains.

LAS VEGAS: Hyundai unveiled Monday a hydrogen fuel-cell powered vehicle aimed at showcasing its newest technologies, bucking the all-electric trend of most rival automakers.

The South Korean manufacturer used the 201 Consumer Electronics Show to debut its Nexo, a sport utility vehicle that uses voice commands, artificial intelligence and can be transformed into an autonomous car.

The turnover of Maruti Suzuki for 2016-17 is more than the total of turnovers of three major brands — Hyundai, Ford and Nissan — put together.

Except Maruti Suzuki, no original equipment manufacturers are listed in India. Maruti Suzuki in 2016-17 clocked a revenue of Rs 77,266.20 crore as against Rs 57,746.30 crore in 2015-16, up by 34 per cent.

New Delhi: Hyundai Motor India Ltd will introduce its electric vehicle brand Ioniq in India to tap into India’s ambitious plans to have an all-electric fleet in the country by 2030.

Ioniq, the brand under which the South Korean car maker sells electric, hybrid and plug-in hybrid cars globally, is expected to be showcased at the forthcoming Auto Expo scheduled to be held in February 2018, two people privy to the matter said.

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