SEOUL, Oct. 21 (Korea Bizwire) — The Indian subsidiary of South Korean automotive giant Hyundai Motor Co. is set to make its stock market debut this week following a record initial public offering (IPO) in the South Asian nation, according to industry officials Monday. Shares of Hyundai Motor India Ltd. are set to start trading [...]
SEOUL, Oct. 10 (Korea Bizwire) — The Indian subsidiary of Hyundai Motor Co. is seeking to raise up to 4.4 trillion won (US$3.26 billion) through an initial public offering (IPO), according to the carmaker Thursday. Hyundai Motor Co. said in a regulatory filing to the South Korean Financial Supervisory Service that the price band for [...]
SEOUL, Sept. 10 (Korea Bizwire) — Kia Corp. has ranked first among automotive brands operating in India in terms of overall customer experience, the South Korean company said Tuesday, citing local industry data. According to Kia, the company ranked first, with a score of 45.84 percent, in the overall customer experience index survey conducted by [...]
SEOUL, Jul. 17 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it held a fresh round of trade talks with Indian officials to improve a bilateral partnership agreement. Director General of FTA Negotiations Ryu Peob-min and his Indian counterpart, Anant Swarup, started the three-day session in Seoul to discuss the agenda, including goods, services [...]
SEOUL, Apr. 25 (Korea Bizwire) — The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilize the country as a key export hub for the South Korean automaker, the group said Thursday. Euisun Chung, Hyundai Motor Group’s executive chair, visited the group’s Indian headquarters [...]
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Group’s output at its car manufacturing plants in India has reached a record 1.08 million units last year, surpassing the 1 million unit milestone for the second year in a row, industry data showed Thursday. According to data from the Korea Automobile Manufacturers Association, Hyundai produced 765,000 [...]
SEOUL, Dec. 14 (Korea Bizwire) – Celebrating its 25th year of local production in India, Hyundai Motor is poised to achieve record-breaking sales in the Indian passenger car market this year. Analysts predict that if the company maintains its current monthly sales trend, it will surpass the 600,000-unit annual passenger vehicle sales mark for the first [...]
SEOUL, Dec. 11 (Korea Bizwire) — President Yoon Suk Yeol and Indian Prime Minister Narendra Modi have exchanged congratulatory messages marking the 50th anniversary of the establishment of diplomatic relations between the two countries, the foreign ministry said Monday. In the message marking their establishment of formal ties on Dec. 10, 1973, Yoon said the [...]
SEOUL, Aug. 25 (Korea Bizwire) — Various cultural events will be held throughout this year to mark the 50th anniversary of diplomatic relations between South Korea and India, including K-pop concerts, a seminar on Korean culture and exhibitions, the culture ministry said Friday. Since the two countries established diplomatic ties in 1973, they have developed [...]
SEOUL, Aug. 16 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has signed a deal to acquire General Motors Co.’s plant in India to strengthen its presence in the rapidly growing automobile market. The acquisition of GM’s Talegaon plant in the western state of Maharash is aimed at preemptively preparing to meet a rising [...]