Hyundai to introduce high-volume EV models beginning 2025: COO Tarun Garg
All the models will be manufactured at the company’s Chennai plant, says Garg.
All the models will be manufactured at the company’s Chennai plant, says Garg.
The domestic automobile retail sales stood at 3,43,000 units during the month under review, up 7.3% vis-a-vis 3,19,800 units in the same period last year.
Safety and affordability concerns among commuters have given a fillip to shared mobility, with subscription-based models gaining traction. Will the industry realise the true potential of these models?
What slowdown, ask two new entrants in the Indian auto market, as they find buyers amidst the gloom and doom around them.
The automobile industry in India is in the chokehold of a slowdown that began about a year ago. A revival seems some distance away.
Though an uptick in demand is expected in the October-November festive season, experts do not see an immediate revival for the sector.
The industry body says this is the worst performance by the passenger car segment—the largest by volume—in two decades.
Hyundai, which recorded an increase in market share in July, hopes new launches will help it cope with the slowdown that has crippled the auto industry in India.
The company says “India’s first electric SUV” can go 452 km on a single charge and the running cost is 80% lower than that of a petrol car.
A slew of measures and statements to hasten the shift to electric vehicles (EVs) on the road has got the auto industry worked up. But, the writing on the wall just got clearer.