Heena Sharma Blog

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday. The South Korean carmaker unveiled a " Strategy 2025 " roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won. Hyundai will devote about 20 trillion won of the total investment, spread across six years, to future technologies, it added. It also set an ambitious deadline of 2025 to place itself among the world's top three makers of battery and fuel cell vehicles, with annual sales of 670,000 electric vehicles, including 560,000 battery-based cars. Hyundai shares were up 2 per cent by 01:36 GMT after the announcement, which included a plan to buy back 259.6 billion won worth of common shares. Read More

Hyundai Motor Group has developed a new prototype electric scooter , which might make inroads in the Indian market. The group, which mostly has interests in passenger and commercial vehicles, doesn't have two-wheelers in its global portfolio. Though there is no official communication on this, company sources say that India is an important market and this vehicle will suit Indian roads. The e-scooter will be geared for last-mile connectivity. The latest concept features in future Hyundai Motor Group plans to enable first- and last-mile mobility through integrating the scooter with future Hyundai and Kia vehicles, said the company. The initial concept was presented at CES 2017. The scooter is charged automatically using electricity produced while driving. DongJin Hyun, head of Hyundai Motor Group Robotics Team, said: "This is the vehicle-mounted personal scooter which could be featured in future Hyundai Motor Group vehicles. Our personal electric scooter makes fi...

Hyundai Motor India Ltd (HMIL) on Wednesday opened bookings for its upcoming new hatchback Grand i10 Nios . The third generation Grand i10 Nios can be booked with a payment of Rs 11,000 at all Hyundai dealerships across the country and official digital platforms, HMIL said in a statement. The vehicle will be launched on August 20. "With the New Grand i10 Nios, we have created a new paradigm ensuring to maximise our customers' emotional values in the perfect harmony with the four elements of Hyundai design identity: sensuous sportiness', such as proportion, architecture, styling and technology," HMIL MD and CEO SS Kim said. The company is targeting millennials with the Nios which means 'more', offering "more value, more features, more space and more excitement". HMIL said the Grand i10 Nios is the third generation of brand i10 and will co-exist with Grand i10 which will further expand Hyundai portfolio and cater to a much wider s...