logo
Hyundai Evaluating Genesis Line-up For India, To Rival BMW, Mercedes-Benz

Hyundai Evaluating Genesis Line-up For India, To Rival BMW, Mercedes-Benz

NDTV4 days ago
Hyundai, the South Korean carmaker, is trying to diversify its product portfolio for the Indian market. Earlier this year, Hyundai confessed to its plan to introduce 26 new models by 2023. However, the brand has not yet specified what cars are under the plans. Meanwhile, in the Tarun Garg, Hyundai's Whole Time Director and COO, stated that the company is evaluating its plan to introduce Genesis in India.
Also Read: Tesla Pulls Plug On Model X And Model S In Europe
Talking about the details, Genesis is a luxury car brand of Hyundai Motor Company. The brand was first launched in 2015, and a few of its models were also put on display at the Auto Expo 2016. However, has been a long time since the brand has been tight-lipped about its plan to introduce its luxury car lineup in the national market.
While there has been no official announcement about it yet. It is expected that Genesis's first offering in the Indian market will probably be an SUV. Meanwhile, the brand is popularly known for its luxury sedans internationally. It is also expected that the first batch of vehicles will come to India as CBU, and later the brand may focus on manufacturing the luxury cars in Hyundai's Chennai facility.
Currently, Genesis has a bunch of products in its nameplate, including EVs, sedans, and SUVs, namely- G70, G80, GV60, GV70, and GV80. As per reports, Genesis trademarked the GV80 coupe in July 2024, hinting at the possibility that it could be one of the initial offerings by the brand in India.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'Sab ke boss to hum hain…': Rajnath Singh's veiled dig at Trump over tariffs, saying "some" are jealous of India's rapid growth
'Sab ke boss to hum hain…': Rajnath Singh's veiled dig at Trump over tariffs, saying "some" are jealous of India's rapid growth

Economic Times

time18 minutes ago

  • Economic Times

'Sab ke boss to hum hain…': Rajnath Singh's veiled dig at Trump over tariffs, saying "some" are jealous of India's rapid growth

Synopsis Defence Minister Rajnath Singh took a subtle dig at US President Donald Trump over recent tariffs on Indian goods, accusing global powers of jealousy and trying to disrupt India's rapid economic growth. Speaking at a bhoomi pujan ceremony for a new rail coach factory in Madhya Pradesh, Singh praised India's dynamic economy and highlighted its rise to a top-four global economy since 2014. He also emphasised India's growing defence exports and condemned terrorism, affirming India's strong stance against those who threaten the nation. Defence Minister Rajnath Singh took a subtle dig at US President Donald Trump on Sunday over the recent tariff increases on Indian goods. Without naming Trump, Singh said, "Some 'boss' is jealous, unable to accept India's growth; trying to disrupt the country's economy."He added, "There are some people who are not happy with the speed at which India is developing. They are not liking it. 'Sabke boss toh hum hain' (We are everyone's boss), how is India growing so fast?"These remarks came after the US imposed a 25% tariff on Indian goods and an additional 25% penalty due to India's continued purchase of Russian oil. President Trump also threatened more tariff hikes, called India's economy 'dead,' and New Delhi criticised the US after some aides accused India of supporting Russia's war in Singh described India's economy as the world's most 'dashing and dynamic.' He said that some people with the attitude of 'we are everyone's boss' are unhappy with India's rapid growth. Speaking after a bhoomi pujan (groundbreaking ceremony) of a rail coach manufacturing unit of Bharat Earth Movers Limited (BEML) in Raisen district, Madhya Pradesh, Singh said, 'Today, if any country has a dashing and dynamic economy, it is India's economy.' He said no global power can stop India from becoming a big power due to the speed at which the country is moving pointed out that some people want to make Indian products more expensive when they reach other countries. This would stop people worldwide from buying Indian goods. He said, 'They think that we are everyone's boss and how is India moving forward so fast?'He mentioned that in 2014, India was ranked 11th in terms of economy size, but today it is counted among the top four.'If any country has a rapidly growing economy, it is our India,' he said. 'It means that the country is moving forward and its people are also moving ahead, because if the countrymen do not move forward, India cannot move forward.'Singh also spoke about defence production. Earlier, India bought defence equipment from other countries. But now, many things are made in India by Indian hands. India not only fulfils its own needs but also exports defence products to other said, 'When Narendra Modi became Prime Minister in 2014, only Rs 600 crore worth of defence products were exported. Now, we are exporting defence products worth more than Rs 24,000 crore. This is the power of India. This is the new defence sector of the new India.'Singh also referred to the terrorist attack in Pahalgam, Jammu and Kashmir, in April, where 26 people were killed. He said India responded strongly with Operation Sindoor. He said terrorists killed people after asking their religion, but India does not believe in such killings.'We do not even kill ants,' he said. 'We have resolved that we will kill people (terrorists) not by their religion but by their deeds.'He added, 'India will not spare anyone who instigates us.'On the rail coach unit, Singh said it would be a big gift for Raisen and Vidisha regions in Madhya Pradesh and provide jobs for 5,000 said Madhya Pradesh is rapidly developing in industries, having recently received investment proposals of more than Rs 30 lakh crore.'If the leadership is excellent, development happens rapidly. I think that after a few years, people will start calling Madhya Pradesh a modern state,' he said the area around the rail coach unit would also develop quickly once it is he performed the bhoomi pujan for the BEML rail coach unit at Umaria village in Raisen district. The project is called BRAHMA (BEML Rail Hub for Manufacturing) and will cost Rs 1,800 crore. Its initial capacity will be 125 to 200 coaches a year, which is planned to increase to 1,100 coaches a year in five Pradesh Chief Minister Mohan Yadav, Union Agriculture Minister Shivraj Singh Chouhan, and other officials attended the ceremony. A video message from Railway Minister Ashwini Vaishnaw was also shown. Inputs from agencies

India's energy sector is rising through global uncertainty: Hardeep Puri
India's energy sector is rising through global uncertainty: Hardeep Puri

Hans India

time18 minutes ago

  • Hans India

India's energy sector is rising through global uncertainty: Hardeep Puri

Petroleum and Natural Gas Minister Hardeep Singh Puri said on Sunday that India's energy sector is rising through global uncertainty with the reforms that have been rolled out in the oil and gas sector. "While the world faces fuel volatility, India is moving ahead with reforms. Oil refining capacity in the country has increased from 215 to 258 million metric tonnes per annum (MMTPA), and Jamnagar is now Asia's largest refinery, exporting petroleum products to 100+ countries," the minister said in a post on X. Highlighting the reforms in the upstream oil & gas exploration and production segment, the minister said that the open acreage licensing policy (OALP) Round 10 has unlocked 2.5 lakh sq km for further exploration and production. The clearances required for exploration have also been reduced from 37 to 18 to facilitate the ease of doing business. "Prime Minister Narendra Modi's vision is driving India's energy security through resilience with over $1.3 billion having been invested in the upstream segment to increase oil exploration and production," he said. The minister has also recently highlighted in the Parliament that India is witnessing a renewed surge in oil and gas exploration with the opening of nearly one million square kilometres of erstwhile 'No-Go' offshore areas in 2022. Since 2015, Exploration and Production (E&P) companies operating in India have reported 172 hydrocarbon discoveries, including 62 in offshore areas. Puri highlighted the geological significance of the AN basin, which lies at the junction of the Andaman and Nicobar Basins within the Bengal-Arakan sedimentary system. The tectonic setting, located at the boundary of the Indian and Burmese plates, has led to the formation of numerous stratigraphic traps that are conducive to hydrocarbon accumulation. This geological promise is further amplified by the basin's proximity to proven petroleum systems in Myanmar and North Sumatra. The region has attracted renewed global interest following significant gas discoveries in South Andaman offshore Indonesia, underlining the geological continuity across the region, the minister explained. In a significant development, ONGC and Oil India Ltd (OIL) have launched an ambitious exploration campaign in the Andaman ultra-deepwater region. For the first time, drilling operations are targeting depths of up to 5,000 metres. One such wildcat well, ANDW-7, drilled in a carbonate play in the East Andaman Back Arc region, has yielded encouraging geological insights. These include traces of light crude and condensate in cutting samples, heavy hydrocarbons like C-5 neo-pentane in trip gases, the minister further stated. These findings establish, for the first time, the existence of an active thermogenic petroleum system in the region, comparable to those in Myanmar and North Sumatra. While commercial reserves remain to be established, this campaign has validated the presence of a working petroleum system and laid the foundation for focused exploration in the area, the minister said. Providing an overview of the exploration outcomes so far, the Minister informed that ONGC has made hydrocarbon discoveries in 20 blocks, with an estimated reserve of 75 million metric tonnes of oil equivalent (MMTOE). Oil India Ltd., on its part, has made seven oil and gas discoveries over the past four years, with reserves estimated at 9.8 million barrels of oil and 2,706.3 million standard cubic meters of gas.

'Sab ke boss to hum hain…': Rajnath Singh's veiled dig at Trump over tariffs, saying "some" are jealous of India's rapid growth
'Sab ke boss to hum hain…': Rajnath Singh's veiled dig at Trump over tariffs, saying "some" are jealous of India's rapid growth

Time of India

time36 minutes ago

  • Time of India

'Sab ke boss to hum hain…': Rajnath Singh's veiled dig at Trump over tariffs, saying "some" are jealous of India's rapid growth

Defence Minister Rajnath Singh took a subtle dig at US President Donald Trump on Sunday over the recent tariff increases on Indian goods. Without naming Trump, Singh said, "Some 'boss' is jealous, unable to accept India's growth; trying to disrupt the country's economy." He added, "There are some people who are not happy with the speed at which India is developing. They are not liking it. 'Sabke boss toh hum hain' (We are everyone's boss), how is India growing so fast?" Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program These remarks came after the US imposed a 25% tariff on Indian goods and an additional 25% penalty due to India's continued purchase of Russian oil. President Trump also threatened more tariff hikes, called India's economy 'dead,' and New Delhi criticised the US after some aides accused India of supporting Russia's war in Ukraine. Rajnath Singh described India's economy as the world's most 'dashing and dynamic.' He said that some people with the attitude of 'we are everyone's boss' are unhappy with India's rapid growth. — PTI_News (@PTI_News) Live Events Speaking after a bhoomi pujan (groundbreaking ceremony) of a rail coach manufacturing unit of Bharat Earth Movers Limited (BEML) in Raisen district, Madhya Pradesh, Singh said, 'Today, if any country has a dashing and dynamic economy, it is India's economy.' He said no global power can stop India from becoming a big power due to the speed at which the country is moving forward. Singh pointed out that some people want to make Indian products more expensive when they reach other countries. This would stop people worldwide from buying Indian goods. He said, 'They think that we are everyone's boss and how is India moving forward so fast?' He mentioned that in 2014, India was ranked 11th in terms of economy size, but today it is counted among the top four. 'If any country has a rapidly growing economy, it is our India,' he said. 'It means that the country is moving forward and its people are also moving ahead, because if the countrymen do not move forward, India cannot move forward.' Singh also spoke about defence production. Earlier, India bought defence equipment from other countries. But now, many things are made in India by Indian hands. India not only fulfils its own needs but also exports defence products to other countries. He said, 'When Narendra Modi became Prime Minister in 2014, only Rs 600 crore worth of defence products were exported. Now, we are exporting defence products worth more than Rs 24,000 crore. This is the power of India. This is the new defence sector of the new India.' Singh also referred to the terrorist attack in Pahalgam, Jammu and Kashmir, in April, where 26 people were killed. He said India responded strongly with Operation Sindoor. He said terrorists killed people after asking their religion, but India does not believe in such killings. 'We do not even kill ants,' he said. 'We have resolved that we will kill people (terrorists) not by their religion but by their deeds.' He added, 'India will not spare anyone who instigates us.' On the rail coach unit, Singh said it would be a big gift for Raisen and Vidisha regions in Madhya Pradesh and provide jobs for 5,000 people. He said Madhya Pradesh is rapidly developing in industries, having recently received investment proposals of more than Rs 30 lakh crore. 'If the leadership is excellent, development happens rapidly. I think that after a few years, people will start calling Madhya Pradesh a modern state,' he said. Singh said the area around the rail coach unit would also develop quickly once it is ready. Earlier, he performed the bhoomi pujan for the BEML rail coach unit at Umaria village in Raisen district. The project is called BRAHMA (BEML Rail Hub for Manufacturing) and will cost Rs 1,800 crore. Its initial capacity will be 125 to 200 coaches a year, which is planned to increase to 1,100 coaches a year in five years. Madhya Pradesh Chief Minister Mohan Yadav, Union Agriculture Minister Shivraj Singh Chouhan, and other officials attended the ceremony. A video message from Railway Minister Ashwini Vaishnaw was also shown. Inputs from agencies

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store