Hyundai Electronics

Hyundai Motor India Ltd (HMIL) on Friday reported a 14.5 per cent increase in its total sales at 62,351 units in June. The company had sold a total of 54,474 units in the same month last year, HMIL said in a statement. Domestic sales stood at 49,001 units last month as compared with 40,496 units in June last year, a growth of 21 per cent, it added. Exports stood at 13,350 units as against 13,978 units in the year-ago month, down 4.5 per cent. "With the semiconductor situation showing signs of easing out, the sales numbers have again started showing a positive trend," HMIL Director (Sales, Marketing and Service) Tarun Garg said. Further, he said, the newly launched Hyundai Venue has also received good customer response.

Hyundai Motor Group said on Thursday it is setting up a new investment affiliate in the US, in a follow-up to its pledge to invest $10.5 billion in the world's largest economy.

Shares in Hyundai Motor and its affiliate Kia plunged on Wednesday, as German authorities raided the carmakers' local offices over suspicions they had installed defeat devices on some of their combustion cars.

The company has forayed into the fast growing Indian consumer electronics segment, which is pegged at more than Rs 60,000 crore and growing in double digits

Hyundai Electronics sees immense headroom for growth in the consumer durable industry which is expected to grow to Rs 3 trillion by 2020, at 41 per cent CAGR between 2017 and 2020