Hyundai Motor India will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live News

Hyundai Motor India (HMIL) underscored its commitment to `Make-in-India` by showcasing its indigenization efforts through a dedicated Localization Zone at the Bharat Mobility Global Expo 2025. HMIL, through a strategic indigenization roadmap, has achieved up to 92% localization in manufacturing. Additionally, HMIL and Mobis India have also commenced local assembly of battery-packs at a newly commissioned state-of-the-art facility within HMIL`s Chennai manufacturing facility. The Hyundai CRETA Electric becomes the first model to come equipped with locally assembled battery-packs from the plant. HMIL`s localisation efforts have led to forex savings of US $672 Million (INR 5,678 Crore+) since 2019, and have fostered direct employment opportunities for over 1,400 people. Commenting on HMIL`s commitment towards localization, Gopalakrishnan Chathapuram Sivaramakrishnan, Whole-time Director and Chief Manufacturing Officer - HMIL said, �HMIL`s indigenization efforts are deeply in sync with Government of India`s `Atmanirbhar Bharat` and `Make-in-India` initiatives, and our localization strategy strives to constantly leverage India`s rich resources, skilled workforce and advanced engineering prowess, to develop world-class technology domestically. Commissioning of the HMIL and Mobis India Limited`s battery-pack assembly plant is a key milestone in our localization and EV roadmap. The Hyundai CRETA Electric becomes the first Hyundai EV manufactured in India to come equipped with battery-packs assembled at this very plant, making it a true game-changer.� Powered by Capital Market - Live News

Hyundai Motor India has introduced new variants and feature upgrades for three of its popular models�VENUE, VERNA and Grand i10 NIOS. Introducing the new variants and upgrades, Tarun Garg, Whole-Time Director and Chief Operating Officer, Hyundai Motor India, said, �The latest product updates on our 3 key models reflect Hyundai`s commitment to delivering cutting-edge technology, premium design and exceptional performance. We are confident that these enhancements will resonate with our customers and elevate their driving experience.�Powered by Capital Market - Live News

Hyundai Motor India (HMIL), today reveals the much anticipated Hyundai CRETA Electric. The Hyundai CRETA Electric is revealed with an engaging TVC, �India is now Ready; Electric is now CRETA�, which highlights India`s readiness for electric mobility, and focuses on the question �Why Now?�. It also showcases the vehicle`s bold exterior, sophisticated interiors, and advanced technological features. The Hyundai CRETA Electric will be available in 4 variants - Executive, Smart, Premium and Excellence with 8 monotone and 2 dual-tone color options including 3 Matte colors to suit every style. The new and exclusive ocean blue metallic with black roof makes for a striking contrast, creating a modern and sophisticated look. It catches people`s attention and emits elegance on the road.Powered by Capital Market - Live News

Hyundai Motor India (HMIL) recorded its highest ever yearly domestic sales of 6,05,433 units in CY 2024. HMIL achieved total sales of 7,64,119 units (Domestic + Export) in CY 2024. In December 2024, HMIL reported total monthly sales of 55,078 units compared to 56,450 units sold in December 2023, recording a decline of 2.4%. Total sales include domestic sales of 42,208 units (down 1.3%) and exports of 12,870 units (down 6.1%). Commenting on HMIL sales, Tarun Garg, Whole-time Director and Chief Operating Officer, Hyundai Motor India Limited said, �HMIL has managed to sustain sales momentum in 2024, despite strong headwinds faced by the industry at large. Achieving highest ever domestic sales three years in a row, reflects customers` preference for brand Hyundai as their trusted smart mobility solutions provider. Introduction of the innovative Hy-CNG Duo technology in 2024 resonated well with buyers, translating to the highest ever CNG contribution of 13.1% to HMIL`s domestic sales in CY 2024, against 10.4% in CY 2023. By achieving highest ever yearly domestic sales of 1,86,919 Lakh units, Hyundai CRETA continued to strengthen HMIL`s position as an SUV leader, helping HMIL accomplish highest ever domestic SUV contribution of 67.6% in CY 2024. We are confident that the upcoming CRETA Electric, will further expand the appeal of this Undisputed, Ultimate SUV.�Powered by Capital Market - Live News