Seoul: Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.

Chung, 47, will assist his father and group chairman Chung Mong-Koo, who promoted his son to respond to “deteriorating global trade issues and changes in competitive dynamics in major markets,” Hyundai Motor Group said in a statement.

Hyundai Motor India (HMIL) expects passenger vehicles (PV) sales to pick up from next month with the launch of its new family hatchback, a senior company official said on Thursday on the sidelines of the annual SIAM conference.

“The Onam festival season was a dampener for PV makers due to floods in Kerala. The industry lost out on sales of nearly 32,000 vehicles. September sales are likely to remain low as well due to new insurance regulations and shradh period.

2018 Hyundai Santro AH2 Unveil 23rd August: The stage is set for Hyundai most iconic car to make a comeback to the Indian market this festive season, The Santro will make its public debut on the 23rd of October 2018 in final production guise. While the company is yet to confirm the date, our sources inside the company confirm that a date close to this one has been set for the unveiling with a launch to follow shortly.

South Korean auto major Hyundai Motor Company has acquired a stake in Indian self-drive car-sharing company Revv for an undisclosed sum. Hyundai’s investments in India’s car-sharing platform follows similar investments made earlier during the year by Ford as well Mahindra & Mahindra in Zoomcar. M&M had invested close to Rs 175 crore for a significant minority stake in Zoomcar.

South Korean automaker Hyundai on Monday announced a partnership with self-drive car-sharing firm Revv in the country.

The partnership entails development of an innovative car sharing service and conducts creative marketing activities in India, the auto major said in a statement.

The country’s second-biggest carmaker, Hyundai, showcased its India-centric electric sedan concept car Ionic at the Auto Expo 2018, held in Greater Noida in February this year. Now, the South Korean automobile giant is reportedly planning to bring an electric sports utility vehicle (SUV) and sedan to India, according to a news report in the Economic Times.

Sales of passenger vehicles in July by the country’s top two manufacturers Maruti Suzuki India and Hyundai Motor skidded with the former seeing a decline of 0.6% compared with the same month last year and the latter seeing an incremental growth of 1.1%. However, the automakers said this was due to the recalibration done last year in the run-up to the implementation of the goods and services tax (GST) and had nothing to do with the underlying sentiments in the market and would normalise from August.

New Delhi: Hyundai Motor India Ltd, the second largest carmaker in India, may introduce a micro sports utility vehicle (SUV) to consolidate its position and increase market share, a top company official has said. Hyundai, which makes three SUVs—Creta, SantaFe and Tucson—is planning to add more products, specifically under the sub four-metre category. “We have a small SUV Creta; may be later, we may have a micro SUV also.

Hyundai Motor India Ltd (HMIL) said it will launch an electric SUV by H2 2019 under the CKD format. The company hinted that it may look out for collaboration with like-minded partners, as the cost in developing an EV in India will be high and hence collaboration.

Hyundai Motor India Ltd (HMI), the Indian subsidiary of Korean automaker Hyundai Motor, plans to increase its Sriperumbudur facility's capacity by 37,000 units to 750,000 units.

Located near Chennai and spread over 535 acres of land, the plant is running at almost 100 per cent capacity utilisation. Its current capacity of 713,000 units will be expanded to 750,000 by 2019.

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