Ola Electric has announced the appointment of Yongsung Kim as Head of Global Sales & Distribution, overseeing India and international markets. A 35-year veteran with Hyundai Motor and Kia, Yongsung brings global automotive sales experience from around the world, including North America, Europe, UK, Middle East, Africa, ASEAN, Asia Pacific and of course India where…
Hyundai Motor Group has named Ben Diachun as the chief technology officer of its Urban Air Mobility Division (the Division), effective immediately. Diachun will report to Jaiwon Shin, President at Hyundai Motor Group and Head of Urban Air Mobility Division and will develop the Division’s technology strategy and vision with the goal of bringing Hyundai’s…
UVeye, a developer of automated vehicle-inspection systems, has secured strategic investments from Hyundai Motor Company and several other investors to accelerate the company’s global expansion plans UVeye has raised more than $40 million from carmakers and other strategic investors such as W. R. Berkley Corporation since it was founded four years ago. Hyundai’s investment is…
Hyundai Motor Group will acquire a controlling interest in Boston Dynamics from SoftBank Group, in a deal that values the mobile robot firm at $1.1 billion. The deal came as the automotive manufacturer aims to combine robotics technologies with its mobility. Financial terms were not disclosed. Boston Dynamics produces mobile robots. The company launched sales of…
Toyota Kirloskar Motor India Ltd recently notified that two of its employees at the Bidadi manufacturing plant near Bengaluru, have tested positive for COVID-19. The company said that due to health and safety concerns of other employees, it has temporarily suspended operations at the plant. The automaker said in a statement that the two employees…
Soon after an employee at Maruti Suzuki India’s Manesar plant tested positive for the coronavirus, three employees at Hyundai Motors’ Chennai plant have also tested positive for the virus. The recent development of positive coronavirus cases in workers at two of India’s biggest carmakers comes just days after restarting operations, exposing the risks companies and…
JSW Group, one of India’s largest business conglomerates led by Sajjan Jindal has hired Rakesh Srivastava, the former director for sales and marketing at Hyundai Motor India, as the firm is trying to enter into the electric vehicles industry. Though there is no official confirmation from both sides, a senior executive at JSW Energy confirmed the move…
Hyundai Motors: Hyundai Motor India has elevated R. Sethuraman, Senior Vice-President – Finance and Corporate Affairs, as a member of the board. He will continue to handle Finance and Corporate Affairs function at the company and would also act as a trustee of Hyundai Motor’s Corporate Social Responsibility arm Hyundai Motor India Foundation. R Sethuraman,…