PUNE: Hyundai, second biggest car maker, which launched its first full-electric Kona SUV last week at Rs 25.30 lakh pan India showroom, could become cheaper by Rs 1.40 lakh.

Finance Minister Nirmala Sitharaman in her maiden Budget to promote e-mobility had proposed to slash the Goods and Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

South Korean automaker Hyundai on Tuesday launched it's first fully electric SUV — Kona Electric, in India. The vehicles priced at ₹25.30 lakh, promises a driving range of 452 km/charge.

“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.

With an eye on potential markets like India, Korean auto giant Hyundai Motor Group on Wednesday announced the world’s first continuously variable valve duration (CVVD) engine technology to feature in future Hyundai and Kia vehicles.

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

Pune: Hyundai, India’s second biggest Korean car maker’s new attractive sub-compact SUV model Venue has bucked the trend of steep falling cars sales in Asia’s third biggest economy.

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.

Bengaluru: Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies.

"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.

South Korean auto major Hyundai will drive in its first electric vehicle 'Kona' SUV into India in July, followed by a brand new 'Grand i10' before the festive season as it looks to increase its share in the auto market here, a top company official said Wednesday.

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

Hyundai Motor India Ltd (HMIL) will bring its fuel cell SUV, the Nexo, to India soon after it launches its fully electric SUV Kona in July this year.

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.

Hyundai Motor India Ltd (HMIL) will bring its fuel cell SUV, the Nexo, to India soon after it launches its fully electric SUV Kona in July this year.

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.

Hyundai Motor India on Tuesday launched a sub-4 metre sports utility vehicle, Venue, which will be in direct competition with Maruti Suzuki’s Vitara Brezza, Mahindra’s XUV300 and Tata Nexon. Dubbed India’s first connected car, the Venue falls in a segment where the industry’s monthly sales are around 35,000 units.

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.

South Korean auto major Hyundai on Tuesday forayed into high selling compact SUV segment in India with the launch of new model ‘Venue’, priced in the range of ₹6.5-11.1 lakh (ex-showroom Delhi).

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.

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