Hyundai Motor India and Honda Cars India on Wednesday joined the list of automakers planning to hike prices of vehicles from April, second time this year, to partially offset the impact of rising input costs and higher operational expenses.
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South Korean automotive and chip companies are devising strategies to deal with looming hefty tariffs on their US exports, industry observers said on Wednesday, after US President Donald Trump announced his intention to impose auto duties of around 25 per cent and similar levels on chips.
Combined vehicle sales of leading South Korean automakers Hyundai Motor and Kia in Europe fell 10.5 per cent in November from a year ago, industry data showed on Thursday.
Combined vehicle sales of Hyundai Motor and Kia in the United States climbed 17.4 per cent (year-on-year) in October due to increased demand for the automakers’ hybrid models, the companies said on Monday.
The combined vehicle sales of South Korea’s leading automakers Hyundai Motor and Kia fell 1.3 per cent from a year ago in the first quarter (Q1) of 2024 in Europe, industry data showed on Thursday.
South Korea’s leading automakers Hyundai Motor and Kia said on Wednesday that they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition here.
Hyundai Motor, South Korea’s top carmaker, and its sister company, Kia, are set to post combined exports of 2 million units in 2023, data showed on Sunday, on the back of the post-pandemic market recovery.
Hyundai Motor and its affiliate Kia said on Friday they have unveiled their latest electric vehicle (EV) units and concept models under way at the 2023 Los Angeles Auto Show as the companies strengthen their electric portfolios.
Hyundai Motor Group said on Wednesday its vehicle sales in the United States rose 4.4 per cent last month from a year earlier despite the extended chip shortage.