Auto Roundup: This week witnessed a whirlwind of developments in the automotive sphere. Notable events encompassed Kia and Ioniq 5’s sales, the launch of the new Yamaha Fascino S, updates on Tata Nexon and Punch EV’s Bharat NCAP record, teaser for Hyundai INSTER, news related to Elon Musk’s Tesla and much more. Stay informed about all the key automotive highlights of the week.
Kia India hits 250K milestone in vehicle exports
Today, Kia India proudly announced a remarkable achievement, surpassing the milestone of exporting over 250,000 vehicles. Since its establishment in 2019, the company has shipped a total of 255,133 units to more than 100 markets globally from its manufacturing base in Anantapur. Noteworthy is the Seltos model’s dominant role, constituting 59% of the company’s total overseas shipments, followed closely by the Sonet and Carens, contributing 34% and 7% respectively to the export count.
Read More: Kia India achieves landmark of 250,000 vehicle exports
Tata Nexon, Punch EV attain 5-star rating in Bharat NCAP crash test; video inside
In a recent tweet, Nitin Gadkari, the Union Minister for Road Transport and Highways, lauded Tata Motors and Tata EV for achieving a prestigious 5-star Bharat New Car Assessment Programme (NCAP) rating for their Punch.ev and Nexon.ev models. This accomplishment marks a significant milestone in the Indian automotive sector, with these electric vehicles (EVs) becoming the first-ever 5-star rated EVs in the Indian market. Watch the crash test video here.
Read More: Tata Nexon, Punch EV shine with 5-Star Bharat NCAP crash test rating; watch video
Hyundai teases INSTER: Global launch imminent
Hyundai Motor has unveiled the first glimpse of its upcoming electric car, the Hyundai INSTER. Scheduled for a global debut at the Busan International Motor Show 2024 in Korea later this month, the event spanning from June 27 to July 7, 2024, will witness the introduction of this new electric micro car by Hyundai.
Read More: Hyundai INSTER Coming Soon: First official teaser released, set for global launch
Yamaha introduces 2024 Fascino S with ‘Find My Scooter’ feature
Yamaha Motor has rolled out its newest addition to the scooter lineup, the 2024 Yamaha Fascino S, with prices starting at Rs. 93,730 (ex-showroom). A standout feature of this model is the introduction of the ‘Find My Scooter’ function, dubbed as ‘Answer Back’. Activated through the mobile app, the scooter responds by triggering the left and right indicators accompanied by a horn sound for approximately two seconds, aiding users in locating their vehicle.
Read More: Yamaha Motor launches 2024 Fascino S with ‘Find My Scooter’ feature
Strong may for PV makers: Domestic sales up nearly 3.9%
Domestic passenger vehicle sales surged by 3.87% year-on-year to 3,47,492 units in May, marking the highest for the month, according to the Society of Indian Automobile Manufacturers (SIAM), an industry body.
General Motors approves $6 billion share repurchase amid momentum
General Motors has given the green light to another $6 billion share repurchase as the Detroit automaker continues to build momentum in 2024. This announcement follows a $10 billion share buyback authorization made in November of the previous year.
Tesla shareholders endorse Musk’s $56 billion pay package
Tesla shareholders have overwhelmingly approved CEO Elon Musk’s colossal $56 billion pay package, showcasing robust confidence in his leadership. The endorsement, unveiled during the company’s annual meeting in Austin, Texas, solidifies Musk’s position and underscores his pivotal role in the electric vehicle-maker’s journey.
Read More: Tesla shareholders greenlight Elon Musk’s $56 billion pay package
Hyundai Motor India recalls 1,744 units of Ioniq 5
Hyundai Motor India has issued a recall for 1,744 units of its electric model, Ioniq 5, due to an issue with the integrated charging control unit, according to information available with industry body SIAM.
Read More: Hyundai Motor India recalls 1,744 units of Ioniq 5
Hyundai, Kia dominate US EV market with record market share
South Korea’s leading automaker Hyundai Motor and its sister company Kia have captured the largest share of the US electric vehicle (EV) market in the first five months of 2024, as per recent data.
Read More: Hyundai, Kia take record market share of US EV market
