Tag: Hyundai

Two million EVs power European car market to strongest post-pandemic year

A 28% rise in electric car sales boosted Europe’s new car market to its strongest year since the Covid pandemic, according to industry analyst Jato Dynamics. A total of 12,792,151 cars were sold across Europe in 2023, up 14% on 2022 and a 7% increase over 2020. Jato Dynamics analyst Felipe Munoz hailed the increase as a normalisation… Continue reading Two million EVs power European car market to strongest post-pandemic year

Two million EVs power European car market to strongest post-pandemic year

A 28% rise in electric car sales boosted Europe’s new car market to its strongest year since the Covid pandemic, according to industry analyst Jato Dynamics. A total of 12,792,151 cars were sold across Europe in 2023, up 14% on 2022 and a 7% increase over 2020. Jato Dynamics analyst Felipe Munoz hailed the increase as a normalisation… Continue reading Two million EVs power European car market to strongest post-pandemic year

Hyundai Creta crosses a million sales in India

The Hyundai Creta, launched in July 2015, has clocked a new milestone in India. The country’s best-selling midsize SUV is estimated to have surpassed a million sales this month (by mid-February 2024). At the end of January 2024, the Creta had clocked estimated sales of 993,783 units, needing only 6,217 units to achieve a million… Continue reading Hyundai Creta crosses a million sales in India

SUV sales in pedal-to-metal mode, race towards 2.5 million units in FY2024

FY2024, which is 42 days away from closure on March 31, 2024 is going to set new benchmarks for the utility vehicle (UV) segment in particular and the overall passenger vehicle (PV) segment in general. That’s because with the first 10 months of FY2022 over, wholesale numbers for UVs at 20,61,075 units have zipped past… Continue reading SUV sales in pedal-to-metal mode, race towards 2.5 million units in FY2024

Hyundai Motor Welcomes Fitch Ratings’ Upgrade to A-

SEOUL, South Korea, Feb. 16, 2024 /PRNewswire/ — Hyundai Motor Company today welcomed Fitch Ratings’ (Fitch) upgrade of the company’s Long-Term Issuer Default Ratings (IDRs) and senior unsecured ratings to A- with a stable outlook from a previous rating of BBB+. The rating upgrade reflects the continued improvement in Hyundai Motor’s brand strength and market position… Continue reading Hyundai Motor Welcomes Fitch Ratings’ Upgrade to A-

Hyundai Mobis Invites Global Clients for Winter Testing

– A week-long technology demonstration for clients including Mercedes-Benz and BMW to be held at the Swedish winter testing ground starting from the 29th – Demonstrating braking and steering safety technology performance under harsh winter conditions such as snow and ice – Enhancing technological perfection based on core competencies in essential vehicle engineering fields to… Continue reading Hyundai Mobis Invites Global Clients for Winter Testing

SUV sales in pedal-to-metal mode, race towards 4.5 million units in FY2024

FY2024, which is 42 days away from closure on March 31, 2024 is going to set new benchmarks for the utility vehicle (UV) segment in particular and the overall passenger vehicle (PV) segment in general. That’s because with the first 10 months of FY2022 over, wholesale numbers for UVs at 20,61,075 units have zipped past… Continue reading SUV sales in pedal-to-metal mode, race towards 4.5 million units in FY2024

Hyundai Motor Welcomes Fitch Ratings’ Upgrade to A-

SEOUL, South Korea, Feb. 16, 2024 /PRNewswire/ — Hyundai Motor Company today welcomed Fitch Ratings’ (Fitch) upgrade of the company’s Long-Term Issuer Default Ratings (IDRs) and senior unsecured ratings to A- with a stable outlook from a previous rating of BBB+. The rating upgrade reflects the continued improvement in Hyundai Motor’s brand strength and market position… Continue reading Hyundai Motor Welcomes Fitch Ratings’ Upgrade to A-

Hyundai Mobis Invites Global Clients for Winter Testing

– A week-long technology demonstration for clients including Mercedes-Benz and BMW to be held at the Swedish winter testing ground starting from the 29th – Demonstrating braking and steering safety technology performance under harsh winter conditions such as snow and ice – Enhancing technological perfection based on core competencies in essential vehicle engineering fields to… Continue reading Hyundai Mobis Invites Global Clients for Winter Testing