South Korea’s Hyundai Motor is looking to sell a stake of up to 17.5% in the planned initial public offering of its India unit to raise up to $3 billion, three sources familiar with the matter said, in what could be India’s biggest ever IPO. Hyundai is expected to file papers for the listing with the stock market… Continue reading Hyundai to sell up to 17.5% stake in up to $3b India unit IPO
Tag: Suzuki
MasterClass Announces New 3-Part Series on Brain Health With Top Neuroscience Experts
Teaches actionable, science-backed ways to transform quality of life, including tips to outsmart anxiety, reclaim focus, and age more successfully SAN FRANCISCO, June 13, 2024 /PRNewswire/ — MasterClass, the streaming platform where anyone can learn from the world’s best, today announced the launch of Brain Health, a three-part Original Series led by leading neuroscientists and… Continue reading MasterClass Announces New 3-Part Series on Brain Health With Top Neuroscience Experts
SUV sales in India cross 200,000 units for fifth consecutive month in May
After the 189,917 units it sold in December 2023, the utility vehicle (UV) industry in India has registered monthly sales of over 200,000 units for the fifth month in a row in May 2024. As per SIAM wholesales data and also company numbers, the UV segment, which comprises SUVs and MPVs, dispatched a total of… Continue reading SUV sales in India cross 200,000 units for fifth consecutive month in May
Hyundai Inster: affordable electric city car confirmed for Europe
Hyundai has announced it will reveal a new electric city car called the Inster later this month, with the new model targeting an official range of 220 miles. The firm described the model as an “evolution” of the Casper, a petrol-powered Suzuki Ignis rival that is offered exclusively in South Korea. “Inster will set new… Continue reading Hyundai Inster: affordable electric city car confirmed for Europe
Toyota lost over $15 billion in market value last week after being caught falsifying tests
Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three car models after falling foul of government certification rules along with its Japanese rivals Honda, Mazda, Suzuki and Yamaha. Yuichi Yamazaki | Afp | Getty… Continue reading Toyota lost over $15 billion in market value last week after being caught falsifying tests
Suzuki to close Thailand plant, import CBUs from India, ASEAN and Japan
Suzuki Motor Corporation (SMC) has decided to close the plant of its automobile subsidiary in Thailand, Suzuki Motor (Thailand) Co by the end of 2025. The decision to shutter the Thailand manufacturing operation, which is located in Pluakdaeng, Rayong Province, was made recently as a part of a review of Suzuki’s global production structure. Suzuki… Continue reading Suzuki to close Thailand plant, import CBUs from India, ASEAN and Japan
Mahindra & Mahindra’s double play: Sustaining ICE, accelerating EVs
Mumbai-based Mahindra & Mahindra (M&M) finds itself at a pivotal juncture, dividing its attention between the hypercompetitive internal combustion engine (ICE) vehicle market that provides the bulk of its current revenue and profit, and the fast-emerging electric vehicle (EV) market to which OEMs are increasingly turning. While many automakers see ICE as a legacy business… Continue reading Mahindra & Mahindra’s double play: Sustaining ICE, accelerating EVs
Mahindra & Mahindra’s double play: Sustaining ICE, accelerating EVs
Mumbai-based Mahindra & Mahindra (M&M) finds itself at a pivotal juncture, dividing its attention between the hypercompetitive internal combustion engine (ICE) vehicle market that provides the bulk of its current revenue and profit, and the fast-emerging electric vehicle (EV) market to which OEMs are increasingly turning. While many automakers see ICE as a legacy business… Continue reading Mahindra & Mahindra’s double play: Sustaining ICE, accelerating EVs
Mahindra & Mahindra’s double play: Sustaining ICE, accelerating EVs
Mumbai-based Mahindra & Mahindra (M&M) finds itself at a pivotal juncture, dividing its attention between the hypercompetitive internal combustion engine (ICE) vehicle market that provides the bulk of its current revenue and profit, and the fast-emerging electric vehicle (EV) market to which OEMs are increasingly turning. While many automakers see ICE as a legacy business… Continue reading Mahindra & Mahindra’s double play: Sustaining ICE, accelerating EVs
Nexa sales cross 2.5 million units, Baleno tops, Grand Vitara and Fronx new growth drivers
Twelve months after it recorded cumulative sales of two million sales and customers in March 2023, Maruti Suzuki India’s premium Nexa retail sales channel has surpassed the 2.5 million-units milestone in India. As per company and SIAM industry wholesales data, cumulative Nexa vehicle dispatches totalled 2.58 million units at the end of March 2024. Together… Continue reading Nexa sales cross 2.5 million units, Baleno tops, Grand Vitara and Fronx new growth drivers