The vehicle will have a maximum speed of 130 km Invests about $34 million to create the new car
SEOUL: Hyundai Motor on Thursday unveiled South Korea's first full-speed electric car, designed to tap into the increasingly competitive electric auto market, hailed as the industry's future.
The country's largest car maker introduced BlueOn, its first full-speed electric vehicle, with President L
Automobile major Hyundai is set to ink a memorandum of understanding (MoU) with Andhra Pradesh government to set up a spare parts facility and other ancillary units in the state entailing an investment of over Rs 1,000 crore.
HONDA, TOYOTA PLAN TO DEVELOP DIESEL ENGINES
Lijee Philip MUMBAI
JAPANESE carmakers Honda and Toyota plan to develop diesel engines for their passenger cars even as rivals like Maruti Suzuki and Hyundai spend more on building and marketing diesel cars to keep pace with demand.
With new emission norms kicking in from April 1, car companies have once again increased prices, by one to three per cent across models, to offset the increase in cost of upgrading vehicle engines. This is the third rise in car prices since January.
The emission norms have risen from BS-III to BS-IV in 13 cities and from BS-II to BS-III in the rest of the country.
Maruti, Hyundai, M&M, Tata Motors, General Motors, Ford, Fiat & Hero Honda Post Record Annual Sales
SALES of cars and two-wheelers continued to rise in March despite recent price hikes and partial rollback of stimulus package, helping market leaders Maruti Suzuki and Hero Honda to record sales in 2009-10.
