The auto major is aiming to produce around 8,000 units of the model by September, as against the previous plan of rolling out over 26,000 units during the same period
The MoU aims to promote collaboration between Indian and Japanese startups by creating new business opportunities and expanding access to each other's innovation ecosystems.
Looking ahead, demand growth will be shaped by macroeconomic factors such as consumption growth, inflation, infrastructure spending and global geopolitics
The September 2024 sales data illustrates a dynamic passenger vehicle market in India, with some companies managing to expand their foothold, while others face minor setbacks.
Hyundai has maintained a consistent market share between 15 per cent and 17 per cent since 2008, reinforcing its position as the second-largest automaker in India.
With a potential $3.5 billion Indian IPO on track for Hyundai, rival automobile companies, Tata Motors and Mahindra, eye the number two spot in the Indian market
In September, production of Mini and Compact cars stood at 101,554 as against 128,604 in September 2022. Similarly, in August 2023, a total of 98,056 units in Mini and Compact Sub-segment categories were produced compared with 105,973 units in August 2022
As per the company, the six selected startups will now undertake a paid Proof-of-Concept to assess the viability of their proposed business solutions in a real- world scenario
The company also stated that out of abundant caution, customers of the suspected vehicles are advised not to drive or use the vehicle till the affected part is replaced
Auto Expo 2023, India's largest automotive event, kicked off in Greater Noida on Wednesday. On the first day of the event, automobile giants such as Hyundai, Maruti Suzuki, Kia, MG Motors, among others, showcased their products
With the latest batch of five startups, so far a total of 14 startups have been enrolled under the Mobility & Automobile Innovation Lab (MAIL) programme since its launch in January 2019
The accelerator program emphasizes on creating an ecosystem to back futuristic and customer-oriented technology solutions that can be applied in the automobile industry