Hyundai Cars : South Korean car manufacturing company Hyundai Motor plans to invest about 95.5 trillion won ($79.21 billion) by 2030, the company said on Wednesday, of which about 19.4 trillion will be for electric vehicles.
The company said that it plans to have a share of 8 percent to 10 percent in the global electric vehicle market by 2040.
Apart from this, the company has also released its sales figures in India. Hyundai Motor India said its total sales in February declined by 14 per cent year-on-year to 53,159 units.
Hyundai Motor India said in a statement that the company had sold 61,800 units in the same month last year. Domestic sales in February declined 14.6 per cent year-on-year to 44,050 units.
Toyota Kirloskar sales declined by 38 per cent to 8,745 units in February. The company had dispatched 14,075 units to dealers in the domestic market in February 2021.
Nissan India’s overall sales grew 57 per cent to 6,662 units in February. The company sold 2,456 units in the domestic market last month and exported 4,206 units. The auto company had sold 4,244 units in the same month last year.
Skoda Auto reported that its sales grew more than five times in February to 4,503 units. The company had sold 853 units in the same month last year.
Skoda Auto India said in a statement that the February 2022 sales were primarily contributed by the Kushak SUV. MG Motor India said its sales grew five per cent year-on-year to 4,528 units in February 2022 from 4,329 units in February 2021.
