Hyundai's Genesis is the latest carmaker that it would phase out all gas-powered cars by the end of the decade. The company announced that its luxury vehicles debuting 2025 onwards will run on fuel cells and batteries.

World Business Watch: Hyundai's luxury brand Genesis to be all-electric by 2030

Around the globe flying cars can be a reality by the end of this decade. According to South Korean carmaker brand Hyundai, flying cars can help cut vehicle emissions and reduce congestion on the streets.

According to Hyundai’s chief executive of the European operations, Michael Cole, the car making firm had made some “very significant investments” in urban air mobility, and they “believe it really is part of the future”.

However, according to Cole, there’s still some time before this can become a reality.

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/tech-it-out-flying-cars-the-future-of-urban-mobility-394465/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

“We think that by the latter part of this decade certainly, urban air mobility will offer great opportunity to free up congestion in cities, to help with emissions, whether that’s intra-city mobility in the air or whether it’s even between cities.”

Talking at a conference of the Society of Motor Manufacturers and Traders, an&nbsp;industry&nbsp;group, he said that this technology is a, “part of our future solution of offering innovative, smart mobility solutions.”

In Las Vegas, January last year, at the Consumer Electronics Show in Las Vegas, Hyundai had unveiled a flying car concept the firm has developed in partnership with Uber.

Hyundai is also a part of a project involving the UK’s&nbsp;first airport without a runway. The airport that is scheduled to open in Coventry later this year, has been designed for aircraft that are capable of electric vertical take-off and landing (eVTOL) and could be used by aircraft like air taxis along with Autonomous delivery drones.

Around the globe flying cars can be a reality by the end of this decade. According to South Korean carmaker brand Hyundai, flying cars can help cut vehicle emissions and reduce congestion on the streets.

Around the globe flying cars can be a reality by the end of this decade. According to South Korean carmaker brand Hyundai, flying cars can help cut vehicle emissions and reduce congestion on the streets. According to Hyundai’s chief executive of the European operations, Michael Cole, the car making firm had made some “very significant investments” in urban air mobility, and they “believe it really is part of the future”. However, according to Cole, there’s still some time before this can become a reality. “We think that by the latter part of this decade certainly, urban air mobility will offer great opportunity to free up congestion in cities, to help with emissions, whether that’s intra-city mobility in the air or whether it’s even between cities.” Talking at a conference of the Society of Motor Manufacturers and Traders, an industry group, he said that this technology is a, “part of our future solution of offering innovative, smart mobility solutions.” In Las Vegas, January last year, at the Consumer Electronics Show in Las Vegas, Hyundai had unveiled a flying car concept the firm has developed in partnership with Uber. Hyundai is also a part of a project involving the UK’s first airport without a runway. The airport that is scheduled to open in Coventry later this year, has been designed for aircraft that are capable of electric vertical take-off and landing (eVTOL) and could be used by aircraft like air taxis along with Autonomous delivery drones.

Flying cars can be a reality by the end of this decade: Hyundai

In line with its 25-year milestone in India, South Korean automaker Hyundai rolled out its 10 millionth car from its India plant, located in the outskirts of the southern city of Chennai.

Hyundai began operations of this manufacturing facility in September 1998, which is also Hyundai’s first integrated car manufacturing plant outside Korea. The brand’s latest SUV offering Alcazar was the 10 millionth vehicle that was rolled out&nbsp;earlier in the day.&nbsp;

According to the company, Hyundai became India’s leading exporter of SUVs, with over 2 lakh units of Creta&nbsp;and Venue&nbsp;having shipped to overseas markets such as Mexico, Saudi Arabia, South Africa, Nepal and Chile.

With regards to the hatchback i20, they said it was being exported across Africa and Latin America. The company has also started exporting via the railroad route to Nepal, from Walajabad Railway hub&nbsp;near their plant.&nbsp;

It was in early 2020 that the brand surpassed the export of 3 million vehicles from India, by shipping cars to 88 countries. The company said that they have so far invested $4 billion in the Indian economy, employ a 15,000-strong workforce and has paved the way for generating 2.5 lakh jobs in Tamil Nadu.&nbsp;

Commenting on the occasion of the fastest 10 million car roll out, S S Kim, MD &amp; CEO, Hyundai Motor India Ltd., said, “This historic milestone of the 10 millionth car roll-out is a testimony of Hyundai’s commitment towards the Make in India initiative. Furthermore, it also showcases our vision of boosting the socio-economic development in the state of Tamil Nadu and making the country more self-reliant”.

The company also inaugurated a slew of welfare initiatives for the people in neighbouring districts. This included a child care centre benefitting 500 people annually, 1,500-seater community hall, donation of ventilators to the government hospital, support to self-help groups and dairy farming programs.

In line with its 25-year milestone in India, South Korean automaker Hyundai rolled out its 10 millionth car from its India plant, located in the outskirts of the southern city of Chennai.

In line with its 25-year milestone in India, South Korean automaker Hyundai rolled out its 10 millionth car from its India plant, located in the outskirts of the southern city of Chennai. Hyundai began operations of this manufacturing facility in September 1998, which is also Hyundai’s first integrated car manufacturing plant outside Korea. The brand’s latest SUV offering Alcazar was the 10 millionth vehicle that was rolled out earlier in the day. According to the company, Hyundai became India’s leading exporter of SUVs, with over 2 lakh units of Creta and Venue having shipped to overseas markets such as Mexico, Saudi Arabia, South Africa, Nepal and Chile. With regards to the hatchback i20, they said it was being exported across Africa and Latin America. The company has also started exporting via the railroad route to Nepal, from Walajabad Railway hub near their plant. It was in early 2020 that the brand surpassed the export of 3 million vehicles from India, by shipping cars to 88 countries. The company said that they have so far invested $4 billion in the Indian economy, employ a 15,000-strong workforce and has paved the way for generating 2.5 lakh jobs in Tamil Nadu. Commenting on the occasion of the fastest 10 million car roll out, S S Kim, MD & CEO, Hyundai Motor India Ltd., said, “This historic milestone of the 10 millionth car roll-out is a testimony of Hyundai’s commitment towards the Make in India initiative. Furthermore, it also showcases our vision of boosting the socio-economic development in the state of Tamil Nadu and making the country more self-reliant”. The company also inaugurated a slew of welfare initiatives for the people in neighbouring districts. This included a child care centre benefitting 500 people annually, 1,500-seater community hall, donation of ventilators to the government hospital, support to self-help groups and dairy farming programs.

10 million cars rolled out from Indian factory in 25 years: Hyundai

Hyundai has launched its new 6/7-seater crossover in the Indian market- the Alcazar. With a starting price tag of INR 16.30 lakh (ex-showroom), it sits between the highly successful Creta and the premium SUV Tucson. In the Indian market, the Hyundai Alcazar will rival the likes of the Mahindra XUV500 and the Tata Safari. It looks promising, loaded with features, but how it behaves on the road, that's exactly what we are going to find out in this video.

WION Pitstop: Hyundai Alcazar review

South Korea`s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions. 
 
Hyundai`s announcement comes as U.S. President Joe Biden`s administration prioritized a push toward electric cars, aiming to replace the 650,000 vehicles in federal fleets with U.S.-made electric vehicles. 
 
In January, Biden also signed an executive order aimed at imposing tougher rules on government procurement practices to increase purchases of American-made products, strengthening domestic manufacturing and create markets for new technologies. 
 
Analysts said Hyundai`s U.S. investment was essential to take advantage of the Biden administration`s EV policies and to receive subsidies and tax incentives. 
 
"If Hyundai seeks to fully leverage U.S. EV policies, they need to pursue not only EV production but also sourcing major auto parts in the United States," said Kevin Yoo, an analyst at eBEST Investment &amp; Securities. 
 
Lee added that it is up to how the South Korean carmaker sources U.S.-made batteries for its U.S. EV production, raising potential further investment in the United States by top battery makers. 
 
Hyundai`s announcement came before U.S. President Joe Biden meets with South Korean President Moon Jae-in in Washington next week in talks that are expected to cover North Korea, COVID-19 vaccines and other topics. 
 
Biden has called for $174 billion in new spending to boost electric vehicles and charging. 
 
The group`s Hyundai Motor Co will begin electric vehicle production at a U.S. facility in 2022, while affiliate Kia Corp also plans to build electric vehicles in the United States. Hyundai has a factory in Alabama, while Kia produces cars at a plant in Georgia. 
 
"We are reviewing options including expanding on our production facility after we’ve taken a closer look at U.S. market conditions and U.S. government’s new EV policy," Hyundai said in a statement to Reuters. 
 
The move comes as Hyundai`s major electric battery supplier, SK Innovation, proceeds with construction of new U.S. factories for Volkswagen and Ford and plans to expand capacity in the United States. 
 
SK Group chairman Chey Tae-won has said SK could invest up to $5 billion for battery business in the United States, meaning it appears there is room for SK to invest further in the U.S., a person familiar with the matter told Reuters on Friday. 
 
Since 2018, SK Innovation has so far invested about 3 trillion won ($2.6 billion) to build two EV battery factories in Georgia. 
 
Hyundai Motor Group, South Korea`s No. 2 conglomerate, did not provide the investment breakdown but said the spending would be primarily for Hyundai and Kia. Analysts said that Hyundai is likely to allocate the biggest amount to its EV capex, and that spending for cooperation with other U.S. companies could be more flexible depending on how the U.S. EV market changes. 
 
Hyundai said it will work with the U.S. government and business partners to install hydrogen refuelling stations and offer its NEXO hydrogen SUVs. 
 
Hyundai is also investing in robotics, urban air mobility and autonomous driving technology, the company said.

South Korea`s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions.

South Korea`s Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions. Hyundai`s announcement comes as U.S. President Joe Biden`s administration prioritized a push toward electric cars, aiming to replace the 650,000 vehicles in federal fleets with U.S.-made electric vehicles. In January, Biden also signed an executive order aimed at imposing tougher rules on government procurement practices to increase purchases of American-made products, strengthening domestic manufacturing and create markets for new technologies. Analysts said Hyundai`s U.S. investment was essential to take advantage of the Biden administration`s EV policies and to receive subsidies and tax incentives. "If Hyundai seeks to fully leverage U.S. EV policies, they need to pursue not only EV production but also sourcing major auto parts in the United States," said Kevin Yoo, an analyst at eBEST Investment & Securities. Lee added that it is up to how the South Korean carmaker sources U.S.-made batteries for its U.S. EV production, raising potential further investment in the United States by top battery makers. Hyundai`s announcement came before U.S. President Joe Biden meets with South Korean President Moon Jae-in in Washington next week in talks that are expected to cover North Korea, COVID-19 vaccines and other topics. Biden has called for $174 billion in new spending to boost electric vehicles and charging. The group`s Hyundai Motor Co will begin electric vehicle production at a U.S. facility in 2022, while affiliate Kia Corp also plans to build electric vehicles in the United States. Hyundai has a factory in Alabama, while Kia produces cars at a plant in Georgia. "We are reviewing options including expanding on our production facility after we’ve taken a closer look at U.S. market conditions and U.S. government’s new EV policy," Hyundai said in a statement to Reuters. The move comes as Hyundai`s major electric battery supplier, SK Innovation, proceeds with construction of new U.S. factories for Volkswagen and Ford and plans to expand capacity in the United States. SK Group chairman Chey Tae-won has said SK could invest up to $5 billion for battery business in the United States, meaning it appears there is room for SK to invest further in the U.S., a person familiar with the matter told Reuters on Friday. Since 2018, SK Innovation has so far invested about 3 trillion won ($2.6 billion) to build two EV battery factories in Georgia. Hyundai Motor Group, South Korea`s No. 2 conglomerate, did not provide the investment breakdown but said the spending would be primarily for Hyundai and Kia. Analysts said that Hyundai is likely to allocate the biggest amount to its EV capex, and that spending for cooperation with other U.S. companies could be more flexible depending on how the U.S. EV market changes. Hyundai said it will work with the U.S. government and business partners to install hydrogen refuelling stations and offer its NEXO hydrogen SUVs. Hyundai is also investing in robotics, urban air mobility and autonomous driving technology, the company said.

Hyundai to invest $7.4 billion in US by 2025, with electric cars in focus

Hyundai of South Korea plans to temporarily suspend production at Ulsan No.1 plant due to chip shortage between April 5 and April 13. The affected Ulsan factory produces 311,000 vehicles annually including the Kona Electric and Ioniq 5.

World Business Watch: Hyundai to suspend production in South Korea due to chip shortage

A large global recall of electric vehicles has led South Korea's Hyundai Motor to sharply revise down fourth-quarter operating profit, although reports said battery maker LG Chem would bear the bulk of the costs.

World Business Watch: Hyundai profit hit after electric car recall

The Hyundai i20 has always been a preferred choice among premium hatchback customers in India. And like the previous version, the new-generation model has again won the 2021 Indian Car of the Year (ICOTY) award. But does it actually deserve the top place? That's what we are going to tell you in this video.

WION Pitstop: All-new Hyundai i20 India review

South Korea's Hyundai and Kia Corporation said that they're not in talks with Tech Giant Apple for developing any autonomous vehicle.

World Business Watch: Hyundai, KIA deny talks with Apple for autonomous car development

According to reports, Korean carmaker Hyundai and US tech giant Apple have planned to sign a partnership deal on autonomous electric cars by March.

World Business Watch: Report says Apple, Hyundai will sign a deal on electric car by March

Hyundai Motor said on Friday that early talks are going on with Apple after local media reported that the two giants were discussing a tie-up to develop electric cars and batteries.

"Apple and Hyundai are in discussion, but as it is early stage, nothing has been decided," Hyundai, in a statement, said.

Watch |&nbsp;

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Korea Economic TV said that Apple had approached South Korean auto giant Hyundai for a potential partnership to manufacture electric cars and batteries for them.&nbsp;

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South Korea's Yonhap news agency quoted a representative from Hyundai as saying that the talks with Apple are "at an initial stage".&nbsp;

Weeks ago, Reuters reported that the iPhone maker was developing self-driving car technology and targetting to manufacture a passenger vehicle as early as 2024 with its own breakthrough battery technology.&nbsp;

Apple's Project Titan is dedicated develop to self-driving technology but the Silicon Valley giant is known to not reveal its projects.

Hyundai has already rolled out fully-electric cars and announced it will come up with ten models of "electrified, eco-focused vehicles" including hybrid and hydrogen-powered models by the end of 2022.

Following the news, the shares of Hyundai skyrocketed 19.4 per cent in Seoul, with its affiliate Kia also seeing a rise of 8.4 per cent at the close.&nbsp; 
&nbsp;

Hyundai Motor said on Friday that early talks are going on with Apple after local media reported that the two giants were discussing a tie-up to develop electric cars and batteries.

Hyundai Motor said on Friday that early talks are going on with Apple after local media reported that the two giants were discussing a tie-up to develop electric cars and batteries. "Apple and Hyundai are in discussion, but as it is early stage, nothing has been decided," Hyundai, in a statement, said. Watch | Korea Economic TV said that Apple had approached South Korean auto giant Hyundai for a potential partnership to manufacture electric cars and batteries for them. Also read | Privacy for sale as Apple and Facebook fight for consumers South Korea's Yonhap news agency quoted a representative from Hyundai as saying that the talks with Apple are "at an initial stage". Weeks ago, Reuters reported that the iPhone maker was developing self-driving car technology and targetting to manufacture a passenger vehicle as early as 2024 with its own breakthrough battery technology. Apple's Project Titan is dedicated develop to self-driving technology but the Silicon Valley giant is known to not reveal its projects. Hyundai has already rolled out fully-electric cars and announced it will come up with ten models of "electrified, eco-focused vehicles" including hybrid and hydrogen-powered models by the end of 2022. Following the news, the shares of Hyundai skyrocketed 19.4 per cent in Seoul, with its affiliate Kia also seeing a rise of 8.4 per cent at the close.

Hyundai in talks with Apple for developing electric cars

The company was hit hard by a months-long lockdown imposed in late March to slow the spread of the novel coronavirus.

India's largest automakers marks strong sales in October

Hyundai has issued a recall of Hyundai Kona Electric vehicles. Starting on October 16, the vehicles in question will be inspected and their software updated and battery packs replaced.

Hyundai to recall Kona EV in South Korea over concerns of fire risk

Many big brands like Hyundai, Renault and Kia are planning to shut down their factories in South Korea and China due to the fears of coronavirus's outbreak. What will be the impact on the Chinese economy? Political analyst Dr. Robert Edwin Kelly explains

Virus takes a toll on South Korean factories

How coronavirus is affecting the global economy

<a href="https://www.wionews.com/business-economy/hyundai-motor-to-invest-15-billion-in-indonesia-factory-264852">Hyundai</a> announced Monday it would mass-produce flying cars for Uber's aerial rideshare network set to deploy in 2023.

The South Korean manufacturer said it would produce the four-passenger electric "vertical take-off and landing vehicles" at "automotive scale," without offering details.

The deal announced at the Consumer Electronics Show in Las Vegas could help Uber, which is working with other aircraft manufacturers, to achieve its goal of deploying air taxi service in a handful of cities by 2023.

Watch:&nbsp;Uber's futuristic flying taxi; a cross between helicopter and a drone

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/wion-your-story-ubers-futuristic-flying-taxi-a-cross-between-helicopter-and-a-drone-135786/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Jaiwon Shin, head of Hyundai's urban air mobility division, said he expects the large-scale manufacturing to keep costs affordable for the aerial systems.

"We know how to mass produce high quality vehicles," Shin told a news conference at CES.

He said he expected the partnership to allow for the short-range air taxis to be "affordable for everyone."

Eric Allison, head of Uber Elevate, appeared at the CES event with Hyundai to discuss the partnership.

"By taking transportation out of the two dimensional grid on the ground and moving it into the sky, we can offer significant time savings to our riders," Allison said.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/hyundai-motor-group-to-invest-35-billion-in-future-automotive-tech-256032">Hyundai Motor Group to invest $35 billion in future automotive tech</a>

He said that because of its other app-based transport options, "only Uber can seamlessly connect riders from cars, trains and even bikes to aircraft."

Uber has announced it had selected Melbourne to join Dallas and Los Angeles in becoming the first cities to offer Uber Air flights, with the goal of beginning demonstrator flights in 2020 and commercial operations in 2023.

<a href="https://www.wionews.com/business-economy/hyundai-motor-group-to-invest-35-billion-in-future-automotive-tech-256032">Hyundai is using CES</a> to show the S-A1 model aircraft with a cruising speed up to 180 miles (290 km) per hour.

The aircraft utilizes "distributed electric propulsion," designed with multiple rotors that can keep it in the air if one of them fails.

The smaller rotors also help reduce noise, which the companies said is important to cities.

The Hyundai vehicle will be piloted initially but over time will become autonomous, the company said.&nbsp;

Hyundai announced Monday it would mass-produce flying cars for Uber's aerial rideshare network set to deploy in 2023. The South Korean manufacturer said it would produce the four-passenger electric "vertical take-off and landing vehicles" at "automotive scale," without offering details.

Hyundai announced Monday it would mass-produce flying cars for Uber's aerial rideshare network set to deploy in 2023. The South Korean manufacturer said it would produce the four-passenger electric "vertical take-off and landing vehicles" at "automotive scale," without offering details. The deal announced at the Consumer Electronics Show in Las Vegas could help Uber, which is working with other aircraft manufacturers, to achieve its goal of deploying air taxi service in a handful of cities by 2023. Watch: Uber's futuristic flying taxi; a cross between helicopter and a drone Jaiwon Shin, head of Hyundai's urban air mobility division, said he expects the large-scale manufacturing to keep costs affordable for the aerial systems. "We know how to mass produce high quality vehicles," Shin told a news conference at CES. He said he expected the partnership to allow for the short-range air taxis to be "affordable for everyone." Eric Allison, head of Uber Elevate, appeared at the CES event with Hyundai to discuss the partnership. "By taking transportation out of the two dimensional grid on the ground and moving it into the sky, we can offer significant time savings to our riders," Allison said. Also read: Hyundai Motor Group to invest $35 billion in future automotive tech He said that because of its other app-based transport options, "only Uber can seamlessly connect riders from cars, trains and even bikes to aircraft." Uber has announced it had selected Melbourne to join Dallas and Los Angeles in becoming the first cities to offer Uber Air flights, with the goal of beginning demonstrator flights in 2020 and commercial operations in 2023. Hyundai is using CES to show the S-A1 model aircraft with a cruising speed up to 180 miles (290 km) per hour. The aircraft utilizes "distributed electric propulsion," designed with multiple rotors that can keep it in the air if one of them fails. The smaller rotors also help reduce noise, which the companies said is important to cities. The Hyundai vehicle will be piloted initially but over time will become autonomous, the company said.

Uber air taxis to become a reality as Hyundai is set to make flying cars

December 29 in history: From foundation of Hyundai Motors to introduction of two nation theory in India

South Korea's <a href="https://www.wionews.com/business-economy/feuding-korean-firms-risk-disrupting-electric-car-battery-supplies-264839">Hyundai Motor</a>&nbsp;has signed a deal to build a $1.5 billion car plant in Indonesia, the company said, its first in Southeast Asia, where Japanese carmakers dominate the market.

The deal comes as Seoul looks to diversify its trade-dependent economy, the world's 11th largest, away from reliance on traditional partners China and the US.

Indonesia is the region's largest automobile market, and the $1.55 billion deal&nbsp;aims to "combat slowing demand in the global automotive market" and propel future growth, Hyundai said in a statement.

The plant, to be built in Bekasi, east of Jakarta, will start production in 2021, Hyundai said, ultimately aiming to produce 250,000 vehicles a year.

<a href="https://www.wionews.com/world/north-korea-says-pointless-for-kim-to-attend-south-korea-asean-summit-263634">South Korea's President Moon Jae-in </a>has been pushing a "New Southern Policy", seeking to bolster economic ties with Southeast Asia as the country aims to reduce over-reliance on Beijing and Washington, and Hyundai's announcement coincided with a South Korea-ASEAN summit in Busan.

Hyundai, the South's largest automaker, said it was building the factory in Indonesia to avoid import tariffs&nbsp;ranging from five to 80 percent in the ASEAN region.

At present it lags far behind its Japanese rivals in the region, with its sales reaching 122,883 vehicles versus <a href="https://www.wionews.com/sports/rallying-new-world-champion-tanak-leaves-toyota-for-hyundai-259174">Toyota's</a> 854,032 and<a href="https://www.wionews.com/business-economy/renault-nissan-alliance-in-flux-a-year-after-ghosn-shock-262664"> Renault–Nissan–Mitsubishi's</a> 351,267 from January to September this year, according to research firm LMC Automotive.

South Korea's central bank last month cut its key interest rate to its lowest in two years in an effort to prop up slowing growth with the economy hit by a bitter trade spat with Japan.

Hyundai shares were up 1.22 per cent in Wednesday afternoon trading in Seoul.

South Korea's Hyundai Motor has signed a deal to build a $1.5 billion car plant in Indonesia, the company said, its first in Southeast Asia, where Japanese carmakers dominate the market.

South Korea's Hyundai Motor has signed a deal to build a $1.5 billion car plant in Indonesia, the company said, its first in Southeast Asia, where Japanese carmakers dominate the market. The deal comes as Seoul looks to diversify its trade-dependent economy, the world's 11th largest, away from reliance on traditional partners China and the US. Indonesia is the region's largest automobile market, and the $1.55 billion deal aims to "combat slowing demand in the global automotive market" and propel future growth, Hyundai said in a statement. The plant, to be built in Bekasi, east of Jakarta, will start production in 2021, Hyundai said, ultimately aiming to produce 250,000 vehicles a year. South Korea's President Moon Jae-in has been pushing a "New Southern Policy", seeking to bolster economic ties with Southeast Asia as the country aims to reduce over-reliance on Beijing and Washington, and Hyundai's announcement coincided with a South Korea-ASEAN summit in Busan. Hyundai, the South's largest automaker, said it was building the factory in Indonesia to avoid import tariffs ranging from five to 80 percent in the ASEAN region. At present it lags far behind its Japanese rivals in the region, with its sales reaching 122,883 vehicles versus Toyota's 854,032 and Renault–Nissan–Mitsubishi's 351,267 from January to September this year, according to research firm LMC Automotive. South Korea's central bank last month cut its key interest rate to its lowest in two years in an effort to prop up slowing growth with the economy hit by a bitter trade spat with Japan. Hyundai shares were up 1.22 per cent in Wednesday afternoon trading in Seoul.

Hyundai Motor to invest $1.5 billion in Indonesia factory

The Seoul city government said on Tuesday that it has approved the long-delayed construction of&nbsp;<a href="https://www.wionews.com/business-economy/hyundai-motor-group-to-invest-35-billion-in-future-automotive-tech-256032">Hyundai&nbsp;Motor Group's</a> new headquarters in the affluent district of&nbsp;Gangnam, which is set to be&nbsp;South&nbsp;Korea's&nbsp;tallest&nbsp;skyscraper&nbsp;when completed in 2026.

The 569-meter&nbsp;building will break ground in the first half of 2020, Seoul city said in a statement.

The approval came more than four years after&nbsp;Hyundai&nbsp;Motor Group,&nbsp;South&nbsp;Korea's&nbsp;second-largest conglomerate, offered to purchase the site with $10 billion in 2014, more than triple it's market price, outbidding <a href="https://www.wionews.com/business-economy/samsung-electronics-third-quarter-net-profit-slumps-52-258964">Samsung Electronics Co Ltd</a> and sparking a stock sell-off.

The construction, originally scheduled to commence in 2016, was delayed partly due to security concerns raised by&nbsp;South&nbsp;Korea's&nbsp;air force, which said the&nbsp;building would interfere with radar and military operations, a Seoul city official said.

Hyundai&nbsp;signed an agreement with the defense ministry to resolve operational restrictions until the construction of the&nbsp;building has reached around 260 meters high, the official said, adding that the construction can be suspended should&nbsp;Hyundai&nbsp;fail to do so.

The&nbsp;building, consisting of 105 floors, will house not only offices but a car theme park, a hotel, a concert hall and a convention center, according to its 2014 plan. It will be home to 18,000 employees from 30 affiliates of the conglomerate, it said at the time.

Hyundai&nbsp;Motor said in March that it was in talks with potential investors to share additional investment costs worth about 3.7 trillion won needed to develop its new headquarters, following a call by US&nbsp;hedge fund Elliott Management Corp to drop the controversial project.

Hyundai&nbsp;Motor is trying to rebound from its sixth consecutive annual profit declines while accelerating its investments in future technologies.

Hyundai&nbsp;said it "will continue to work closely with the Seoul Metropolitan Government to proceed with the project in compliance with the administrative procedures.”

The Seoul city government said on Tuesday that it has approved the long-delayed construction of Hyundai Motor Group's new headquarters in the affluent district of Gangnam, which is set to be South Korea's tallest skyscraper when completed in 2026.

The Seoul city government said on Tuesday that it has approved the long-delayed construction of Hyundai Motor Group's new headquarters in the affluent district of Gangnam, which is set to be South Korea's tallest skyscraper when completed in 2026. The 569-meter building will break ground in the first half of 2020, Seoul city said in a statement. The approval came more than four years after Hyundai Motor Group, South Korea's second-largest conglomerate, offered to purchase the site with $10 billion in 2014, more than triple it's market price, outbidding Samsung Electronics Co Ltd and sparking a stock sell-off. The construction, originally scheduled to commence in 2016, was delayed partly due to security concerns raised by South Korea's air force, which said the building would interfere with radar and military operations, a Seoul city official said. Hyundai signed an agreement with the defense ministry to resolve operational restrictions until the construction of the building has reached around 260 meters high, the official said, adding that the construction can be suspended should Hyundai fail to do so. The building, consisting of 105 floors, will house not only offices but a car theme park, a hotel, a concert hall and a convention center, according to its 2014 plan. It will be home to 18,000 employees from 30 affiliates of the conglomerate, it said at the time. Hyundai Motor said in March that it was in talks with potential investors to share additional investment costs worth about 3.7 trillion won needed to develop its new headquarters, following a call by US hedge fund Elliott Management Corp to drop the controversial project. Hyundai Motor is trying to rebound from its sixth consecutive annual profit declines while accelerating its investments in future technologies. Hyundai said it "will continue to work closely with the Seoul Metropolitan Government to proceed with the project in compliance with the administrative procedures.”

Hyundai gets nod to build South Korea's tallest skyscraper for Gangnam HQ

New world rally champion Ott Tanak announced on Thursday, four days after winning the title, that he was leaving Toyota to join rivals Hyundai next season.

The 32-year-old became the first Estonian to win the championship, along with co-driver Martin Jarveoja, in Spain on Sunday with one race to spare.

"We’ve been fighting closely against each other for a number of seasons. They have always had a competitive team and car, so now it will be interesting to see things from the other side," Tanak said on Twitter.

He will link up at Hyundai with Belgian Thierry Neuville, nine-times world champion Sebastien Loeb and Spaniard Dani Sordo.

Hyundai are leading Toyota in the manufacturers' standings by 18 points.

"We are involved in a very close fight for the title this season, and bringing Ott and Martin into the team from 2020 will enable us to continue to be at the forefront for the coming years," said team boss Andrea Adamo.

New world rally champion Ott Tanak announced on Thursday, four days after winning the title, that he was leaving Toyota to join rivals Hyundai next season. The 32-year-old became the first Estonian to win the championship, along with co-driver Martin Jarveoja, in Spain on Sunday with one race to spare.

New world rally champion Ott Tanak announced on Thursday, four days after winning the title, that he was leaving Toyota to join rivals Hyundai next season. The 32-year-old became the first Estonian to win the championship, along with co-driver Martin Jarveoja, in Spain on Sunday with one race to spare. "We’ve been fighting closely against each other for a number of seasons. They have always had a competitive team and car, so now it will be interesting to see things from the other side," Tanak said on Twitter. He will link up at Hyundai with Belgian Thierry Neuville, nine-times world champion Sebastien Loeb and Spaniard Dani Sordo. Hyundai are leading Toyota in the manufacturers' standings by 18 points. "We are involved in a very close fight for the title this season, and bringing Ott and Martin into the team from 2020 will enable us to continue to be at the forefront for the coming years," said team boss Andrea Adamo.

Rallying: New world champion Tanak leaves Toyota for Hyundai

Hyundai Motor Group said on Tuesday that it plans to invest $34.65 billion&nbsp;in mobility technology and strategic investments by 2025, as South Korea's top automaker accelerates its attempts to catch up in the self-driving car race.

The plan, which Hyundai said encompassed autonomously, connected and electric vehicles, comes after the company and two of its affiliates announced an investment of $1.6 billion in a joint venture with US&nbsp;self-driving tech firm Aptiv.

Hyundai's plan also received a boost from the South Korean government, which said on Tuesday that it plans to spend 1.7 trillion won from 2021-27 to boost autonomous vehicle technology.

The government expects Hyundai to launch a nationwide service of fully autonomous cars to fleet customers in 2024 and the general public by 2027.

This push is part of a blueprint for future cars President Moon Jae-in announced at an event at Hyundai Motor's research centre near Seoul.

The government said it was conducting a feasibility study for its proposed funding boost, which would include parts, systems and infrastructure. It said Korea lags behind in self-driving car software and key parts like sensors and chips, despite the country's advanced, fifth-generation mobile data network.

South Korea also said it would prepare a regulatory and legal framework to ensure the safety of autonomous cars by 2024.

"We will actively transition from combustion-engine cars to future cars," Industry Minister Sung Yoon-mo said at a media briefing on Tuesday.

The government also aims to lay the technological and legal groundwork for the demonstration of flying cars in 2025. Hyundai Motor's executive vice-chairman Euisun Chung has said the company is looking at developing flying cars, which could be commercialized ahead of the most advanced self-driving cars.

Hyundai Motor Group said on Tuesday that it plans to invest $34.65 billion in mobility technology and strategic investments by 2025, as South Korea's top automaker accelerates its attempts to catch up in the self-driving car race.

Hyundai Motor Group said on Tuesday that it plans to invest $34.65 billion in mobility technology and strategic investments by 2025, as South Korea's top automaker accelerates its attempts to catch up in the self-driving car race. The plan, which Hyundai said encompassed autonomously, connected and electric vehicles, comes after the company and two of its affiliates announced an investment of $1.6 billion in a joint venture with US self-driving tech firm Aptiv. Hyundai's plan also received a boost from the South Korean government, which said on Tuesday that it plans to spend 1.7 trillion won from 2021-27 to boost autonomous vehicle technology. The government expects Hyundai to launch a nationwide service of fully autonomous cars to fleet customers in 2024 and the general public by 2027. This push is part of a blueprint for future cars President Moon Jae-in announced at an event at Hyundai Motor's research centre near Seoul. The government said it was conducting a feasibility study for its proposed funding boost, which would include parts, systems and infrastructure. It said Korea lags behind in self-driving car software and key parts like sensors and chips, despite the country's advanced, fifth-generation mobile data network. South Korea also said it would prepare a regulatory and legal framework to ensure the safety of autonomous cars by 2024. "We will actively transition from combustion-engine cars to future cars," Industry Minister Sung Yoon-mo said at a media briefing on Tuesday. The government also aims to lay the technological and legal groundwork for the demonstration of flying cars in 2025. Hyundai Motor's executive vice-chairman Euisun Chung has said the company is looking at developing flying cars, which could be commercialized ahead of the most advanced self-driving cars.

Hyundai Motor Group to invest $35 billion in future automotive tech

Hyundai Motor Co&nbsp;and affiliate Kia Motors Corp&nbsp;have earmarked a total of $757.86 million&nbsp;to settle US&nbsp;class action litigation and address engine-related issues in the United States and South Korea.

Hyundai Motor will reflect about 600 billion won in costs related to engine problems in July to September earnings, while affiliate Kia Motors has set aside about 300 billion won, they said on Friday.

The latest settlement provides installation of a software update to boost safety and performance, as well as cash compensation options, lifetime warranties, free inspection and repair of the covered engines, the automakers said in a statement.

A total of 4.17 million Hyundai and Kia models equipped with Theta II gasoline direct injection (GDI) engines will be affected by the US&nbsp;settlement.

Hyundai and Kia, together the world's fifth-biggest automaker by sales, <a href="https://www.wionews.com/science-tech/hyundai-kia-ordered-to-recall-vehicles-after-whistleblower-report-15490">recalled nearly 1.7 million vehicles i</a>n the United States to address the possibility of engine fires.

The US&nbsp;safety regulator is investigating whether the recalls covered enough vehicles and were conducted in a timely manner.

The investigation comes after Kim Gwang-ho, then an engineer at Hyundai, flew to Washington in 2016 to tell the National Highway Traffic Safety Administration the companies should have recalled more vehicles over the problem, citing an internal report.

In November, Reuters reported that US&nbsp;federal prosecutors had launched a criminal investigation into the pair to determine if the recalls had been conducted properly.

Hyundai and Kia said they expected the US&nbsp;District Court for the Central District of California to review the proposed settlement for preliminary approval before the end of October.

Hyundai Motor Co and affiliate Kia Motors Corp have earmarked a total of $757.86 million to settle US class action litigation and address engine-related issues in the United States and South Korea.

Hyundai Motor Co and affiliate Kia Motors Corp have earmarked a total of $757.86 million to settle US class action litigation and address engine-related issues in the United States and South Korea. Hyundai Motor will reflect about 600 billion won in costs related to engine problems in July to September earnings, while affiliate Kia Motors has set aside about 300 billion won, they said on Friday. The latest settlement provides installation of a software update to boost safety and performance, as well as cash compensation options, lifetime warranties, free inspection and repair of the covered engines, the automakers said in a statement. A total of 4.17 million Hyundai and Kia models equipped with Theta II gasoline direct injection (GDI) engines will be affected by the US settlement. Hyundai and Kia, together the world's fifth-biggest automaker by sales, recalled nearly 1.7 million vehicles in the United States to address the possibility of engine fires. The US safety regulator is investigating whether the recalls covered enough vehicles and were conducted in a timely manner. The investigation comes after Kim Gwang-ho, then an engineer at Hyundai, flew to Washington in 2016 to tell the National Highway Traffic Safety Administration the companies should have recalled more vehicles over the problem, citing an internal report. In November, Reuters reported that US federal prosecutors had launched a criminal investigation into the pair to determine if the recalls had been conducted properly. Hyundai and Kia said they expected the US District Court for the Central District of California to review the proposed settlement for preliminary approval before the end of October.

Hyundai, Kia earmark $760 million to settle US lawsuits over engine fires

Korean automaker Hyundai has launched the updated version of its Grand i10 in India as the Grand i10 NIOS. Priced between a bracket of 4.99 lakh and 7.99 lakh Indian rupees, the new model is an addition to Hyundai's hatchback line-up and sits between the already existing Grand i10 and the Elite i20.

Hyundai Grand i10 NIOS: A small all-rounder

India has finally got its first long-range all-electric car in the form of Hyundai Kona. The EV has been launched in the market at an introductory price of INR 25.30 lakh (ex-showroom) and claims to provide an all-electric range of 452 kilometres in a single charge. Apart from that, the Hyundai Kona features a very futuristic and unique design language while offering most of the comfort and convenience features that you expect from a premium car in the respective price range. We got to drive the Hyundai Kona at India's Formula One race track -- Buddh International Circuit -- in Greater Noida and here you can watch how this electric vehicle behaves in comparison to a conventional car.

Hyundai Kona review: India's first long-range all-electric car

SUV 'Kona' has debuted in India. It's Hyundai's one of it's kind electric drive. 'Hyundai Kona' has been launched in India at price of Rs. 25.30 Lakh (Ex-Showroom). Kona has charging point at it's front. Hyundai to launch it's 23 all e-cars globally by 2025. Watch this video to know more.

WION Wallet: Hyundai's electric drive, 'SUV Kona' debuts in India

South Korean carmaker Hyundai on Tuesday launched its first fully electric SUV (Sports Utility Vehicle), the Kona, in India. The car has been launched at an introductory price of Rs 25.30 lakh (ex-showroom).

Hyundai has said that the car will have a range of 452 kilometre in a single charge, claiming that the running cost of the Kona will be one-fifth of the traditional (petrol and diesel) engines which are curently in use.

The car is powered by a 139.2 kWh advanced lithium-ion polymer battery which can be fully charged in just about an hour using a fast charger. At the launch, the company announced that it is two chargers to those who are willing to buy this car.

It delivers 134 bhp of power and offers four different driving modes - Eco, Eco+, Comfort and Sport.

India plans to achieve electric mobility by 2030 and taking the initial steps, the government cleared the second iteration of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles or FAME-II in February this year.

The main objective of the scheme is to encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentive on purchase of electric vehicles and also by way of establishing necessary charging infrastructure for them.

In this year's Budget, Finance Ministr Nirmala Sitharaman sops to boost use of electric vehicles. She proposed an additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken to purchase EVs and also asked the GST Council to reduce tax rate on EVs from 12 per cent to five per cent.

Customs duty on certain parts of EVs has also been reduced.

South Korean carmaker Hyundai on Tuesday launched its first fully electric SUV (Sports Utility Vehicle), the Kona, in India. The car has been launched at an introductory price of Rs 25.

South Korean carmaker Hyundai on Tuesday launched its first fully electric SUV (Sports Utility Vehicle), the Kona, in India. The car has been launched at an introductory price of Rs 25.30 lakh (ex-showroom). Hyundai has said that the car will have a range of 452 kilometre in a single charge, claiming that the running cost of the Kona will be one-fifth of the traditional (petrol and diesel) engines which are curently in use. The car is powered by a 139.2 kWh advanced lithium-ion polymer battery which can be fully charged in just about an hour using a fast charger. At the launch, the company announced that it is two chargers to those who are willing to buy this car. It delivers 134 bhp of power and offers four different driving modes - Eco, Eco+, Comfort and Sport. India plans to achieve electric mobility by 2030 and taking the initial steps, the government cleared the second iteration of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles or FAME-II in February this year. The main objective of the scheme is to encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentive on purchase of electric vehicles and also by way of establishing necessary charging infrastructure for them. In this year's Budget, Finance Ministr Nirmala Sitharaman sops to boost use of electric vehicles. She proposed an additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken to purchase EVs and also asked the GST Council to reduce tax rate on EVs from 12 per cent to five per cent. Customs duty on certain parts of EVs has also been reduced.

Hyundai launches Kona EV in India in line with government's push for electric vehicles

Hyundai India has launched its first-ever sub-4m SUV in India. Hyundai Venue SUV is available in both petrol and diesel with a choice between manual and automatic transmissions. Hyundai is offering an introductory price of Rs 6.50 lakh. Watch this video to know more.

WION Wallet: Hyundai launches it latest compat SUV in India

South Korean multinational automobile giant Hyundai launched its compact SUV 'Venue' for the Indian market today.&nbsp;

India’s first fully connected SUV, Venue, will be available at the starting price of Rs 6,50,000 and comes in a refreshing design and a host of attractive features which are stated below.

Attractive design

The Venue comes with R16 diamond cut alloy wheels, LED tail lamps with crystal effect, shark fin antenna, silver skid plates, chrome finish outside door handles and projector fog lamps, among other design features.&nbsp;

It will be available in 4 major trims with multiple powertrain options in 7 exciting exterior colours including 3 new colours – denim blue, lava orange and deep forest and 3 dual tone options.

Powerful drive

It is the first Hyundai product with in-house developed 7-Speed advanced Dual Clutch Transmission (DCT) technology, in addition to the proven 6 MT and 5 MT transmissions.&nbsp;

The Venue will be powered with the debut of Kappa 1.0 Turbo GDi Petrol Engine along with well- proven 1.2 l Kappa Petrol and 1.4 l Diesel Engine.

Smooth handling

The vehicle comes equipped with a balanced suspension system and confident steering. The front suspension is mounted with McPherson Strut with coil spring that gives stability at rough road drives and reduces body roll giving improved cornering performance. The rear suspension uses Coupled Torsion Beam Axle with coil spring and rear shock absorber that minimizes shock rebound providing a comfortable and stable ride.&nbsp;

Smart safety features

The compact SUV comes loaded with standard safety features such as dual front airbags, seatbelt reminder, rear parking sensors, speed sensing auto door lock and crash sensing auto door unlock.&nbsp;

It also comes packed with hill assist control, electronic stability control, vehicle stability management, auto headlamps with escort function, rear camera with rear parking sensors and power window with auto up/down among other safety features.&nbsp;

Blue Link - Hyundai’s global technology&nbsp;

The technology is introduced in the Indian market with 33 features out of which 10 are India specific features for most practical and holistic connectivity with safety, security, geographic information services, vehicle management, artificial intelligence, alert services and location-based services.&nbsp;

The Blue Link services will be complimentary for the first 3 years and post which customers can further renew the services. For all Hyundai VENUE Customers as a special service - Blue Care home visit will be scheduled on the 15th Day of the purchase of the vehicle.

Hyundai Venue: First-in-segment features

&nbsp;- Fully connected SUV

- Wireless phone charger

- Air purifier

- Wheel air curtains

- Arkamys sound

- Eco-coating

Hyundai Venue is priced as following:

<table border="1" cellpadding="1" cellspacing="1" style="width: 672px;">
	<tbody>
		<tr>
			<td style="width: 206px;">Introductory price</td>
			<td style="width: 96px;">E</td>
			<td style="width: 99px;">S</td>
			<td style="width: 108px;">SX</td>
			<td style="width: 139px;">SX(O)</td>
		</tr>
		<tr>
			<td style="width: 206px;">1.2 KAPPA PETROL 5MT</td>
			<td style="width: 96px;">Rs 6,50,000</td>
			<td style="width: 99px;">Rs 7,20,000</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 139px;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 206px;">1.O TURBO PETROL 6MT</td>
			<td style="width: 96px;">&nbsp;</td>
			<td style="width: 99px;">Rs 8,21,000</td>
			<td style="width: 108px;">Rs 9,54,000</td>
			<td style="width: 139px;">Rs 10,60,000</td>
		</tr>
		<tr>
			<td style="width: 206px;">1.O TURBO PETROL 7DCT</td>
			<td style="width: 96px;">&nbsp;</td>
			<td style="width: 99px;">Rs 9,35,000</td>
			<td style="width: 108px;">&nbsp;</td>
			<td style="width: 139px;">Rs 11,10,500 (SX+)</td>
		</tr>
		<tr>
			<td style="width: 206px;">1.4 U2 DIESEL 6MT</td>
			<td style="width: 96px;">Rs 7,75,000</td>
			<td style="width: 99px;">Rs 8,45,000</td>
			<td style="width: 108px;">Rs 9,78,000</td>
			<td style="width: 139px;">Rs 10,84,000</td>
		</tr>
	</tbody>
</table>

&nbsp;

South Korean multinational automobile giant Hyundai launched its compact SUV 'Venue' for the Indian market today. India’s first fully connected SUV, Venue, will be available at the starting price of Rs 6,50,000 and comes in a refreshing design and a host of attractive features which are stated below.

South Korean multinational automobile giant Hyundai launched its compact SUV 'Venue' for the Indian market today. India’s first fully connected SUV, Venue, will be available at the starting price of Rs 6,50,000 and comes in a refreshing design and a host of attractive features which are stated below. Attractive design The Venue comes with R16 diamond cut alloy wheels, LED tail lamps with crystal effect, shark fin antenna, silver skid plates, chrome finish outside door handles and projector fog lamps, among other design features. It will be available in 4 major trims with multiple powertrain options in 7 exciting exterior colours including 3 new colours – denim blue, lava orange and deep forest and 3 dual tone options. Powerful drive It is the first Hyundai product with in-house developed 7-Speed advanced Dual Clutch Transmission (DCT) technology, in addition to the proven 6 MT and 5 MT transmissions. The Venue will be powered with the debut of Kappa 1.0 Turbo GDi Petrol Engine along with well- proven 1.2 l Kappa Petrol and 1.4 l Diesel Engine. Smooth handling The vehicle comes equipped with a balanced suspension system and confident steering. The front suspension is mounted with McPherson Strut with coil spring that gives stability at rough road drives and reduces body roll giving improved cornering performance. The rear suspension uses Coupled Torsion Beam Axle with coil spring and rear shock absorber that minimizes shock rebound providing a comfortable and stable ride. Smart safety features The compact SUV comes loaded with standard safety features such as dual front airbags, seatbelt reminder, rear parking sensors, speed sensing auto door lock and crash sensing auto door unlock. It also comes packed with hill assist control, electronic stability control, vehicle stability management, auto headlamps with escort function, rear camera with rear parking sensors and power window with auto up/down among other safety features. Blue Link - Hyundai’s global technology The technology is introduced in the Indian market with 33 features out of which 10 are India specific features for most practical and holistic connectivity with safety, security, geographic information services, vehicle management, artificial intelligence, alert services and location-based services. The Blue Link services will be complimentary for the first 3 years and post which customers can further renew the services. For all Hyundai VENUE Customers as a special service - Blue Care home visit will be scheduled on the 15th Day of the purchase of the vehicle. Hyundai Venue: First-in-segment features - Fully connected SUV - Wireless phone charger - Air purifier - Wheel air curtains - Arkamys sound - Eco-coating Hyundai Venue is priced as following: Introductory price E S SX SX(O) 1.2 KAPPA PETROL 5MT Rs 6,50,000 Rs 7,20,000 1.O TURBO PETROL 6MT Rs 8,21,000 Rs 9,54,000 Rs 10,60,000 1.O TURBO PETROL 7DCT Rs 9,35,000 Rs 11,10,500 (SX+) 1.4 U2 DIESEL 6MT Rs 7,75,000 Rs 8,45,000 Rs 9,78,000 Rs 10,84,000

Hyundai launches compact SUV 'Venue' in India starting at Rs 6,50,000 

South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday.

Both companies plan to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030, the report, which cited unnamed industry sources, said.

The agreement was signed on the sidelines of a business forum held in Seoul on Thursday by the South Korean government and China's Guangdong province, it said.

Hyundai and Tencent did not offer any immediate comments on the report.

The two companies are also exploring ways to utilise Tencent's popular WeChat messaging app in developing China-targeted car models, the newspaper said.

Hyundai, the world's 5th largest automaker together with affiliate Kia Motors, has been fostering partnerships with self-driving tech and social media firms as it aims to introduce highly automated vehicles by 2020 and fully autonomous vehicles by 2030.

Hyundai Mobis, another affiliate of the carmaker, clinched an agreement last month with Russia's largest internet search engine Yandex to jointly develop control systems for driverless vehicles.

Shenzhen-based and Hong Kong-listed Tencent has also ventured into self-driving tech and had advertised to recruit engineers in Silicon Valley last year.

South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday.

South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday. Both companies plan to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030, the report, which cited unnamed industry sources, said. The agreement was signed on the sidelines of a business forum held in Seoul on Thursday by the South Korean government and China's Guangdong province, it said. Hyundai and Tencent did not offer any immediate comments on the report. The two companies are also exploring ways to utilise Tencent's popular WeChat messaging app in developing China-targeted car models, the newspaper said. Hyundai, the world's 5th largest automaker together with affiliate Kia Motors, has been fostering partnerships with self-driving tech and social media firms as it aims to introduce highly automated vehicles by 2020 and fully autonomous vehicles by 2030. Hyundai Mobis, another affiliate of the carmaker, clinched an agreement last month with Russia's largest internet search engine Yandex to jointly develop control systems for driverless vehicles. Shenzhen-based and Hong Kong-listed Tencent has also ventured into self-driving tech and had advertised to recruit engineers in Silicon Valley last year.

Hyundai, Tencent to develop software for driverless cars: Report

Automotive manufacturer Hyundai today re-launched the Santro in India. The Santro, originally launched 20 years ago, was Hyundai's most successful car and made the company popular with Indian car buyers.

The all new Santro was unveiled earlier this month and the pre-booking of the car was acceptable till Monday (October 22).

Under the hood, the new Santro is equipped with 4-Cylinder 1.1 Litre petrol engine. It is the first Hyundai model to offer in-house developed Smart Auto AMT Technology and will have Factory fitted CNG option, the company said.

The overall design theme of the new Santro is based on Rhythmical Tension for a refined yet sporty image. The front of car bears Hyundai’s signature cascade grille with chrome surround.

The new Santro will have standard ABS with EBD and Driver’s Airbag. It will have both front and Rear AC vents.

First introduced in 1998, the Hyundai Santro, was discontinued in 2014 to make way for the Grand i10. In most markets across the globe, the Grand i10 replaced the i10; however, in India, the Korean carmaker continued retailing both the generations side by side and thus had to halt the production of the Santro to make sure there wasn’t any cannibalisation within its portfolio.

Automotive manufacturer Hyundai today re-launched the Santro in India. The Santro, originally launched 20 years ago, was Hyundai's most successful car and made the company popular with Indian car buyers.

Automotive manufacturer Hyundai today re-launched the Santro in India. The Santro, originally launched 20 years ago, was Hyundai's most successful car and made the company popular with Indian car buyers. The all new Santro was unveiled earlier this month and the pre-booking of the car was acceptable till Monday (October 22). Under the hood, the new Santro is equipped with 4-Cylinder 1.1 Litre petrol engine. It is the first Hyundai model to offer in-house developed Smart Auto AMT Technology and will have Factory fitted CNG option, the company said. The overall design theme of the new Santro is based on Rhythmical Tension for a refined yet sporty image. The front of car bears Hyundai’s signature cascade grille with chrome surround. The new Santro will have standard ABS with EBD and Driver’s Airbag. It will have both front and Rear AC vents. First introduced in 1998, the Hyundai Santro, was discontinued in 2014 to make way for the Grand i10. In most markets across the globe, the Grand i10 replaced the i10; however, in India, the Korean carmaker continued retailing both the generations side by side and thus had to halt the production of the Santro to make sure there wasn’t any cannibalisation within its portfolio.

Hyundai officially launches Santro 2018 in India

Santro, the car which launched and propelled Hyundai in India in and after 1998, <a href="http://www.wionews.com/business-economy/hyundai-officially-launches-santro-2018-in-india-172951">was re-launched</a> in a completely new package on Tuesday at a starting price of Rs 3.89 lakh (introductory, ex-showroom).

Santro has miniscule little in terms of similarities with the erstwhile model and now gets a complete design change coupled with modern features - both on the inside as well as on the outside. In fact, it is fair to say that it only shares the name badging with the previous model it is being linked to while sporting an all-new face featuring swept-back headlights, wide front grille, flared wheel arches, 14-inch wheels with steel rims, and taillights at the tip of the rear on either side. It has a tall-boy appearance even if that is not immediately noticeable, and is 45mm longer with a wheelbase of 3610mm.

While the car does not get LED DRLs and alloys, it is feature-packed on the inside with a large infotainment unit, rear-parking sensors with camera, steering-mounted controls for audio and electrically-adjustable ORVMs.

The new Santro is powered by a 1.1-litre four-cylinder petrol engine only but there is an option for automatic as well. It can churn out 68bhp of power and 99Nm of torque with a claimed fuel efficiency of 20.3kmpl.

<img alt="Hyundai Santro is powered by a 1.1-litre four-cylinder petrol engine" data-entity-type="file" data-entity-uuid="852def40-fb60-4320-8c5b-7edb041866b8" src="/sites/default/files/inline-images/santro-hood.jpg" />

There are five variants to choose from - Dlite, Era, Magna, Sportz and Asta. The auto option though is only in Magna and Sportz while there is the option of company-fitted CNG in manual variants of Magna and Sportz. The CNG variants will have a max power output of 58bhp and max torque rating of 84Nm. Fuel efficiency figures are claimed to be 30.5km per kg.

The car is available in seven colour options - Star Dust, Marina Blue, Fiery Red, Polar White, Imperial Beige, Typhoon Silver and Diana Green.

Hyundai is betting big once again with the 2018 Santro and has managed to create quite a buzz for it in the days leading up to the launch. The prices (full list below) are introductory and for the first 50,000 bookings only. On Sunday, the company said it had already received 14,000 bookings. With the new Santro going up against the likes of Renault Kwid and Maruti Suzuki Celerio, the B-segment war is all set to flare up this festive season.

<img alt="The Marine Blue Hyundai Santro" data-entity-type="file" data-entity-uuid="1306ca3d-b695-4a9f-a9c3-48b42b065e53" src="/sites/default/files/inline-images/santro-2.jpg" />

Prices (ex-showroom, introductory):

Dlite: Rs 3.89 lakh 
Era: Rs 4.24 lakh 
Magna: Rs 4.57 lakh 
Sportz: Rs 4.99 lakh 
Asta: Rs 5.45 lakh 
Magna Auto: Rs 5.18 lakh 
Sportz Auto: Rs 5.46 lakh 
Manga CNG: Rs 5.23 lakh 
Sportz CNG: RS 5.26 lakh

Santro, the car which launched and propelled Hyundai in India in and after 1998, was re-launched in a completely new package on Tuesday at a starting price of Rs 3.

Santro, the car which launched and propelled Hyundai in India in and after 1998, was re-launched in a completely new package on Tuesday at a starting price of Rs 3.89 lakh (introductory, ex-showroom). Santro has miniscule little in terms of similarities with the erstwhile model and now gets a complete design change coupled with modern features - both on the inside as well as on the outside. In fact, it is fair to say that it only shares the name badging with the previous model it is being linked to while sporting an all-new face featuring swept-back headlights, wide front grille, flared wheel arches, 14-inch wheels with steel rims, and taillights at the tip of the rear on either side. It has a tall-boy appearance even if that is not immediately noticeable, and is 45mm longer with a wheelbase of 3610mm. While the car does not get LED DRLs and alloys, it is feature-packed on the inside with a large infotainment unit, rear-parking sensors with camera, steering-mounted controls for audio and electrically-adjustable ORVMs. The new Santro is powered by a 1.1-litre four-cylinder petrol engine only but there is an option for automatic as well. It can churn out 68bhp of power and 99Nm of torque with a claimed fuel efficiency of 20.3kmpl. There are five variants to choose from - Dlite, Era, Magna, Sportz and Asta. The auto option though is only in Magna and Sportz while there is the option of company-fitted CNG in manual variants of Magna and Sportz. The CNG variants will have a max power output of 58bhp and max torque rating of 84Nm. Fuel efficiency figures are claimed to be 30.5km per kg. The car is available in seven colour options - Star Dust, Marina Blue, Fiery Red, Polar White, Imperial Beige, Typhoon Silver and Diana Green. Hyundai is betting big once again with the 2018 Santro and has managed to create quite a buzz for it in the days leading up to the launch. The prices (full list below) are introductory and for the first 50,000 bookings only. On Sunday, the company said it had already received 14,000 bookings. With the new Santro going up against the likes of Renault Kwid and Maruti Suzuki Celerio, the B-segment war is all set to flare up this festive season. Prices (ex-showroom, introductory): Dlite: Rs 3.89 lakh Era: Rs 4.24 lakh Magna: Rs 4.57 lakh Sportz: Rs 4.99 lakh Asta: Rs 5.45 lakh Magna Auto: Rs 5.18 lakh Sportz Auto: Rs 5.46 lakh Manga CNG: Rs 5.23 lakh Sportz CNG: RS 5.26 lakh

Hyundai Santro launched in all-new avatar at introductory starting price of Rs 3.89 lakh

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