Latest news with #HyundaiCretaEV
Mint
2 days ago
- Automotive
- Mint
Tata Harrier EV starting at ₹2.49 lakh, rivals Hyundai Creta EV, Mahindra XEV 9e, and BYD Atto 3. Take a look
Priced between ₹ 17.99 lakh and ₹ 24.38 lakh (ex-showroom), the Hyundai Creta EV is the most affordable electric car from the South Korean automaker. Available with battery options ranging from 42 kWh to 51.4 kWh, the Creta EV promises a range of 390 km to 473 km, depending on the battery pack option. (Also read: Hyundai Creta may go hybrid soon as the carmaker ramps up hybrid and EV plans for India ) The Mahindra XEV 9e is the flagship electric SUV from the homegrown carmaker. Launched alongside the BE 6, both electric SUVs are part of the brand's new generation electric car strategy. The Mahindra XEV 9e is available in multiple battery pack options, priced between ₹ 21.90 lakh and ₹ 3050 lakh (ex-showroom). The electric SUV offers battery options of 59 kWh and 79 kWh, with running ranges of 542 km to 656 km per charge. (Also read: Tata Harrier EV vs Mahindra XEV 9e vs BYD Atto 3: Which electric SUV has the edge ) The BYD Atto 3 will also face stiff competition from the Tata Harrier EV. Priced between ₹ 24.99 lakh and ₹ 33.99 lakh (ex-showroom), the BYD Atto 3 is available with battery pack options of 49.92 kWh and 60.48 kWh, promising running ranges of 468 km to 521 km, depending on the variant. (Also read: 2025 BYD Atto 3 and Seal launched in India. Here's what is new on the electric SUV and sedan )
NDTV
3 days ago
- Automotive
- NDTV
Kia Carens Clavis EV Confirmed For Debut In July 2025, Here's What To Expect
After launching the Kia Carens Clavis last month, the South Korean automaker is now gearing up for the launch of the Kia Carens Clavis EV in India. The brand has now confirmed that the electrified iteration of the Carens Clavis will be launched in July 2025. While the exact date for the launch is yet to be announced, here is what you can expect from the premium electric MPV. Kia Carens Clavis EV: Powertrain Expected The Kia Carens Clavis is likely to borrow the battery from the Hyundai Creta EV, i.e., a 42 kWh battery and a 51.4 kWh battery pack, available as options. These battery pack options are expected to deliver a range of 390 km and 473 km, respectively. Also Read: Tata Gets These Features Over Mahindra BE 6 Kia Carens Clavis EV: Exterior Expected The Kia Carens Clavis EV is likely to retain most of the exterior elements and design cues from its ICE sibling. It is expected to get three-pod LED headlamps enclosed in a triangular housing, angular LED DRLs, a closed-off grille in the front, and more. Also, Kia is expected to equip the Carens Clavis EV with newly designed aero-specific alloy wheels. Kia Carens Clavis EV, image used for reference Kia Carens Clavis EV: Interior Expected Like the exterior, the Kia Carens Clavis EV is likely to retain the interior design and features from the ICE iteration as well. The electrified MPV is expected to get a 22.62-inch dual-screen setup, which is the same setup used in the Seltos, consisting of a 10.25-inch digital instrument panel and a 10.25-inch touchscreen infotainment display, ventilated front seats, wireless Android Auto and Apple CarPlay, an 8-speaker Bose sound system, and more. The Kia Carens Clavis EV is expected to be priced around Rs 16 lakh - Rs 20 lakh (ex-showroom). Upon launch, the Kia Carens Clavis EV will rival the likes of the Tata Harrier EV and the Hyundai Creta EV.
NDTV
4 days ago
- Automotive
- NDTV
Honda Cars India's Total Wholesale In May'25 Stood At 5,985 Units
Honda Cars India Ltd. (HCIL), registered total sales of 5,985 units in May'25. Domestic sales of the company stood at 3,950 units and exports at 2,035 units. Sharing thoughts on the sales performance, Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. said, "In view of the prevailing market conditions and subdued consumer sentiment, we continued to strategically moderate our dispatches in May to maintain optimal inventory levels across our network, while remaining optimistic about improved retail performance in the coming months supported by forecasts of a better monsoon." In the corresponding month last year, the Japanese marque retailed 4,822 units in the Indian market, while the export figures stood at 6,521 units. Besides, the new helmsman, Takashi Nakajima, who recently took over as the president and CEO of the company from Takuya Tsumura, made a slew of announcements at an informal event in Delhi. One of the highlights was the confirmation of the launch of a new battery electric vehicle (BEV) in the next fiscal year. It will not be based on the Honda Elevate, as speculated earlier, but instead it will be an EV made specifically for the Indian market. Honda hasn't made it clear whether the new EV will be an SUV or a sedan, but sources suggest that it is likely to be SUV, that could go up against the likes of the Maruti Suzuki e-Vitara, Hyundai Creta EV, Tata Curvv EV and so on. The company believes in having a different brand strategy for ICE and electric vehicles, unlike some other brands which opt for the same/similar branding. Honda is also silently working on its charging infrastructure, so that when the new EV arrives, the support network will be ready.
News18
25-05-2025
- Automotive
- News18
Honda To Add New BEV Next Fiscal With Focus On Hybrid Models, Here's What Top Official Says
Last Updated: The announcement has been made by the new helmsman, Takashi Nakajima, who was recently appointed as the president and CEO of the company. As the electric segment is reaching new heights, a lot of top car makers have started putting more effort into the vertical. Amid the massive boom, the top player, Honda, also announced that bring a new Battery Electric Vehicle (BEV) for the Indian market. The announcement has been made by the new helmsman, Takashi Nakajima, who was recently appointed as the president and CEO of the company, reported by NDTV Auto. According to the reports, he confirmed that the launch of a new battery electric vehicle (BEV) might take place next fiscal year. Here's What Reports Say The top official did not reveal many details about the same during the event. However, some reports suggested that the upcoming EV will not be based on the Honda Elevate. Instead, it will arrive as a new pure EV, and will be specially made for the Indian market and its road conditions. Electric Sedan Or E-SUV? It is likely to be released in the SUV segment, giving more options to customers to choose from in the EV vertical. Apart from this, the customers can expect the few models with hybrid technology as well. Once launched, the EV might dominate the market and will give tough competition to the ongoing hot-selling products, Hyundai Creta EV, Tata Curvv EV, Mahindra BE 6 and Maruti Suzuki e-Vitara. It will be considered as the key model for the brand to establish its image in the segment, and contribute to the market with a tech-loaded product to its full potential. Currently, Honda offers a wide range of models in the Indian market. The list includes City, Elevate, Amaze and old-gen Amaze in India. Only the city comes with hybrid technology. The customers can expect the upcoming offerings in the hybrid tech as well, soon. First Published: May 25, 2025, 09:00 IST
Mint
19-05-2025
- Automotive
- Mint
Hyundai Motor looks to accelerate speed with EV, hybrid car
Hyundai Motor India Ltd has been hit hard by the waning popularity of hatchback cars in India. Its domestic sales volume fell by 4% year-on-year in the March quarter (Q4FY25) led by a steep 18% drop in hatchback volumes. Export volumes saved the day, clocking 14% growth, keeping the company's total volume largely stable at 191,650 units. Average sales realization (blended for domestic and exports) increased 4.8% quarter-on-quarter to ₹8,94,792 per car. Year-on-year comparison showed the sales mix shifting in favour of a higher-priced SUV that benefits overall realization. So, it is better to look at the QoQ trend as the sales mix remained largely unchanged. Price hikes and lower discounts lifted realization. Consequently, Q4FY25 Ebitda margin rose QoQ by 271 basis points to 14.2% even though it was flattish year-on-year. For FY26, the management expects low single-digit sales growth in the domestic market with export growth pegged at 7-8%. Hyundai aims to maintain a double-digit Ebitda margin in FY26. There could be some pressure on the net profit as depreciation from the commissioning of the Pune plant acquired from General Motors starts reflecting in accounts. Focus on portfolio Hyundai has chalked out separate strategies for expanding product portfolio in the short-term and long-term. Currently, it is not present in the hybrid car segment and plans to launch a model by September. Maruti Suzuki India Ltd and Toyota have hybrid car models of Grand Vitara and Hyrider respectively that use petrol engine and electric motor, and offer flexibility to use either mode. Hybrid vehicles help address the needs of buyers worried about the widespread availability of electric vehicle (EV) charging infrastructure with faster charging speed. Hyundai hybrid car could be manufactured at the Pune plant, which is likely to start operations in H2FY26. The plant's initial capacity is 170,000 vehicles, and is likely to be raised to 2,50,000 units by 2028. Also read | 'India to have 123 million EVs on the road by 2032 under best-case scenario' Creta EV shines Hyundai Creta EV, launched in Q4FY25, has been received well by consumers with most bookings for the long-range variant. According to the management, the EV is profitable for Hyundai if the launch-related marketing expenses and test drive discounts are ignored. It is focusing on localization strategy for battery cells in future to further boost the profitability of the model. Investors will closely track if Creta EV and the launch of hybrid car help Hyundai regain lost market share. Note that Hyundai's market share based on wholesale volumes fell to 13.9% in FY25 from 14.6% a year ago. In the long term, Hyundai has ambitious plans to expand its product portfolio by launching 26 new models by FY30, including 20 internal combustion engine vehicles and six EVs. The company is the export hub for emerging markets in Latin America and Africa. But the management is also open to exploring export opportunities in advanced countries such as Australia. Export sales volume is expected to increase to 30% of total sales in the long term from 21% at FY25-end, but this would also depend on how domestic sales evolve. If Hyundai's valuation is compared with larger peer Maruti, based on Bloomberg consensus estimates for FY26, it throws some interesting data. Both quote at a price-to-earnings multiple of about 25x, but Hyundai is cheaper on an EV/Ebitda basis at 15x versus 19x for Maruti. What gives? Maruti's other income is far higher, whereas its depreciation cost as a percentage of Ebitda is lower. Both these factors have a positive influence on its net profit. Hence, the right metric for valuing the core performance of both companies is EV/Ebitda. Also read | EVs hit with falling resale value as consumer demand cools
