rom China, the largest import source, increased, with sales of Chinese-made vehicles in 2024 increasing 13.9% y/y to 303,000 units (2023 up 53.2% y/y), and their share of total imported vehicles also increased 1.3 percentage points from the previous year to 30.7%. This is due to the Hyundai Group's Kia brand starting to import and sell Chinese-produced models in Mexico. This means that one in five vehicles sold in Mexico in 2024 was produced in C...

Market & Tech Reports  Updated at: 2025/04/30

Hyundai and Kia: Expanding HEV/EV models, strengthening US business Hyundai strengthening HEV & hydrogen strategy, Kia pursuing EV & PBV market strategy Summary Hyundai Motor Group global sales volume Hyundai Group production sites (after 2024) Hyundai's mid- to long-term plan: Strengthening development of HEVs and EREVs, expanding to 21 EV models Kia's mid- to long-term plan: Investing KRW 38 trillion over 5 years in electrification, PBV, and SD...

Market & Tech Reports  Updated at: 2025/04/07

Maruti Suzuki India Limited (MSIL): e VITARA, and electric ecosystem "e For Me" Hyundai Motor India Limited (HMIL): CRETA Electric, and last-mile mobility in partnership with TVS Tata Motors: Avinya X Concept, and flex fuel engine Vinfast: Debut in India by launching VF 6 and VF 7 electric vehicles Kia India: New EV6, and Syros sub-compact SUV BYD India: Sealion 7 electric SUV, Sealion 6 PHEV, and Yangwang U8 luxury SUV Isuzu Motors: D-Max EV Con...

Market & Tech Reports  Updated at: 2025/02/13

oss the board except for a few models. Ford, on the other hand, posted a solid 11.4% y/y increase to 164,000 units. Sales are strong for the Territory and Nautilus, which are also exported.  The Hyundai Group's passenger car sales in the first half of 2024 increased 15.2% y/y to 209,000 units. The Kia brand did relatively well, increasing 73.1% y/y to 110,000 units. Sales of the global model Sonet, which went on sale in April 2024, reached 21,00...

Market & Tech Reports  Updated at: 2024/08/20

Korean Market and OEM Activities: Slowdown in EV Demand, Expanding HV lineup Hyundai and Kia to build EV plants in Korea, battery joint venture plants with LGES/SK On in the US Summary Korean government: Aiming to have 4.2 million EVs on the road by 2030, continuing EV subsidies in 2024 Korean vehicle production capacity is 4.48 million units, Hyundai and Kia building EV dedicated plants Hyundai Motor Group’s electrification strategy Hyundai Mo...

Market & Tech Reports  Updated at: 2024/07/25

SUV, WagonR Flex Fuel prototype Hyundai: Localization efforts in India Tata Motors: Nexon iCNG Concept, acti.ev electric architecture based Punch.ev Mahinda & Mahindra: Flex Fuel Vehicle prototype, BE.RALL-E electric SUV concept Toyota: Innova HyCross flex fuel prototype, Lexus ES 300h and UX 300e Kia: Luxury electric EV6, X-Line variants of Carens MG Motor: ZS EV and electric vehicle lineup, hydrogen fuel storage tank, high voltage battery pack...

Market & Tech Reports  Updated at: 2024/03/08

Indian OEMs Investment and Future Plans (1) Major Indian OEMs invest in the transition towards e-mobility Summary OEMs positive sales growth Maruti Suzuki India Hyundai Motor India Kia India Tata Motors Mahindra & Mahindra   Indian passenger car market witnessed tremendous growth in the last two years. The recent investment and new product announcements indicate that the Indian market is now ready for the next era of e-mobility and bigger cars. ...

Market & Tech Reports  Updated at: 2023/12/28

Korean Market and Brands: Public and Private Sectors Building EV/Battery Production Capacity Kia to set up electric PBV plant in Korea, Hyundai to construct EV plant in U.S. Summary Korean government: Planning to produce 3.3 million EVs by 2030, granting EV subsidies of up to KRW 5 million Korean automaker production capacity is 4.5 million units, with the Hyundai Motor Group accounting for 78% of the total Hyundai Motor Group’s electrification...

Market & Tech Reports  Updated at: 2023/07/05

egment Summary Maruti Suzuki: eVX concept electric SUV, Fronx and Jimny 5-Door SUVs Tata Motors: Avinya Concept BEV, CURVV SUV concept, and CNG models Toyota: bZ4X and xEV models, Lexus RX lineup BYD: Seal with CTB technology, and the ATTO 3 Limited Edition Hyundai: Ioniq BEV lineup, and NEXO FCEV Kia: KA4 luxury RV, and Concept EV9 electric SUV MG Motor: Next-Gen Hector, and EUNIQ 7 hydrogen fuel-cell MPV Vayve Mobility: Eva solar electric car...

Market & Tech Reports  Updated at: 2023/02/06

cars and continues to result in delivery delays. Lockdowns in several countries such as Malaysia and China, which exports chips to India, also impact the operations of the OEMs as well as auto parts suppliers. Every major Indian OEM such as Maruti Suzuki, Tata Motors, Mahindra, Hyundai, MG Motors, Kia, etc. were forced to alter their production schedules due to chip shortages. According to Maruti Suzuki, it could not produce an estimated 270,000...

Market & Tech Reports  Updated at: 2022/07/15

edings in December 2020 and had been looking for a buyer, signed an acqisition contract with a consortium led by Edison Motors, a South Korean electric bus start-up. The company will rebuild its business under a South Korean EV manufacturer. Genesis G90 full-size sedan (Photo: Hyundai Motor) Kia Niro all-new compact SUV (Photo: Kia)   Korean vehicle production, sales, exports, and imports (Units) 2014 2015 2016 2017 2018 2019 2020 ...

Market & Tech Reports  Updated at: 2022/03/01

ed and upcoming models use advanced technological components, thereby increasing the demand for semiconductors. This has led to a surge in global demand of semiconductors, a critical component in manufacturing of automotive electronics. All major OEMs in India such as, Maruti Suzuki, Tata, Hyundai, Kia, Mahindra etc. are engaging with their suppliers to mitigate the impact on production.     The Indian passenger car market is dominated by compa...

Market & Tech Reports  Updated at: 2021/03/15

ical development. But in recent years, a change in this tradition can be seen with the emergence of new OEMs onto the Indian market and the advanced cars they have brought with them.   In the fiscal year 2019-20, India witnessed the mass adoption of connected cars with the launch of Hyundai Venue, Kia Seltos and MG Hector etc. Major OEMs also geared up to introduce autonomous vehicle technology. In addition, Indian OEMs established tie ups with ...

Market & Tech Reports  Updated at: 2021/02/10

launches of Genesis luxury brand models and compact SUVs Production in Korea declines to 3.95 million units in 2019, falling 12.6% y/y for Jan.-Sep. 2020 Korean automakers’ production capacity of 4.68 million in Korea and 5.51 million overseas Hyundai Motor Group: Hyundai launches Ioniq EV brand, Kia to release dedicated EV models GM Korea: strong demand for the new Trailblazer SUV boosts sales in Korea for January-September 2020 Renault Samsun...

Market & Tech Reports  Updated at: 2020/11/12

0 trillion per year. The investment will be earmarked for product development and capital expenditures to enhance competitiveness in existing businesses as well as for electrification, autonomous driving, artificial intelligence (AI), robotics and new energy areas. Hyundai Motor Co., Ltd. (HMC) and Kia Motors Corporation (Kia) also announced their respective mid-term business plans to advance electrification strategies, autonomous driving technol...

Market & Tech Reports  Updated at: 2020/06/22

Indian Auto Expo 2020: GWM and Haima announce new entry into Indian market Maruti Suzuki, Hyundai, Kia and MG Motor present new models and electric vehicles Summary Great Wall Motor: Announced new entry into Indian market, Haval Concept H and Vision 2025 Haima Automobile: Debuted in Indian market with SUV models "8S" and "7X" Maruti Suzuki: Unveiled Futuro-e electric coupe-like concept Hyundai India: KONA Electric and NEXO FCEV, the first connec...

Market & Tech Reports  Updated at: 2020/02/20