Hyundai Motor India Ltd is set to participate in the inaugural Bharat Mobility Global Expo 2024, a prestigious event taking place from February 1 to February 3, 2024, at Bharat Mandapam, Pragati Maidan, New Delhi. This expo, supported by the government serves as a prominent global platform for automotive manufacturers to display cutting-edge technologies, products, and industry best practices fostering sustainable growth in India's automotive sector.
Unveiling Hyundai's Vision: "Progress for Humanity"
Un Soo Kim, the Managing Director & CEO of Hyundai Motor India Ltd., expressed great enthusiasm for the unique opportunity presented by the Bharat Mobility Global Expo 2024. He highlighted the alignment of Hyundai's corporate vision, "Progress for Humanity," with the government's initiative, emphasizing their deep-rooted commitment to India. The Hyundai pavilion is meticulously designed to be interactive, featuring engaging zones for visitors to explore the brand's technologically advanced products and innovative initiatives.
Mobility for All: Showcasing Hyundai's Ethos
The overarching theme of Hyundai's showcase revolves around the brand ethos of providing smart mobility solutions accessible to everyone. The pavilion will feature benchmark products like the Hyundai Ioniq 5, new Hyundai Creta, Tucson, Verna, as well as highlight social initiatives like Samarth and their efforts towards localization. Advanced technologies such as Smart Sense Advanced Driver Assistance Systems (ADAS) and Hydrogen Fuel Cell Electric vehicles will take center stage.
Sustainable Mobility Solutions: Forward-Thinking for a Better Future
In alignment with Hyundai Motor Company’s global vision of “Progress for Humanity,” the showcase will spotlight benchmark products like the Hyundai IONIQ 5 electric and the futuristic Hyundai NEXO Fuel Cell Electric Vehicle (FCEV). Visitors will have the unique opportunity to experience these vehicles firsthand, underscoring Hyundai’s forward-thinking and futuristic approach towards sustainable mobility solutions.
Inclusivity for All: Highlighting the "Samarth" Initiative
An essential highlight within Hyundai's showcase is the "Samarth" initiative, specifically aimed at providing inclusive mobility solutions to customers with special abilities. The pavilion is thoughtfully designed to be wheelchair-friendly, featuring a dedicated area where visitors can learn about the initiative and express their support by taking a pledge.
Localisation Zone: Reinforcing Hyundai's Commitment to India
The pavilion will emphasize Hyundai's unwavering commitment to localization, showcasing its robust India operations and highlighting the extensive usage of parts sourced from Indian Original Equipment Manufacturers (OEMs).
Engagement Activities: Beyond Cars
Beyond the display of cars, the Hyundai pavilion promises an array of engaging activities. These include the #FansOfHyundai gaming experience, a photo opportunity with renowned brand ambassadors Shah Rukh Khan and Deepika Padukone, and an Advanced Driver Assistance Systems (ADAS) Simulator providing an immersive experience of Hyundai TUCSON using Virtual Reality (VR) headsets.
Maruti Suzuki's Strong Q3 Results: A 33% Rise in Net Profit
Maruti Suzuki India Limited (MSIL) has reported impressive financial results for the third quarter of the year.
Key Financial Highlights: Net Profit and Revenue Growth
The consolidated net profit for the quarter ending December surged by an impressive 33% on a year-on-year basis, reaching a substantial Rs 3,206.8 crore. This significant growth is attributed to increased operating profit and other income. The total revenue for the quarter stood at a commendable Rs 35,512.8 crore, reflecting a noteworthy 15% year-on-year growth from Rs 29,251.1 crore in the corresponding period last year.
Positive Outlook and Expert Opinion
Raghunandan NL, Director at Nuvama Institutional Equities, expressed optimism regarding Maruti Suzuki's performance, maintaining a "Buy" rating on the stock. He anticipates continued growth in passenger vehicle sales, new product launches in the fiscal year 2025, and margin expansion, all contributing to a robust earnings performance.
Milestone Achievement: Crossing the 2 Million Sales Mark
In a noteworthy achievement, Maruti Suzuki shared that it crossed the annual sales milestone of 2 million units in calendar year 2023, marking the first time the company achieved such a feat. This underscores the company's popularity and the strong demand for its vehicles in the market. The accomplishment signifies not only financial success but also the brand's ability to resonate with and meet the needs of a significant number of Indian consumers.