Latest news with #Inster
The Advertiser
3 days ago
- Automotive
- The Advertiser
How Hyundai Australia's new boss plans to reverse Korean brand's sales slide
Hyundai Australia has a new boss – Don Romano – and his mission is simple: turn the brand's fortunes around amid an onslaught of new challenger brands and the looming threat of federal emissions regulations. Mr Romano turned down retirement to join the local arm of Hyundai as the first-ever non-Korean CEO seven weeks ago, after successfully heading up Hyundai Canada for 11 years. By his own admission, he has faced a multitude of challenges in his roles elsewhere, but none quite compare to what he's up against Down Under. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. In 2025, auto brands in Australia have to contend with a saturated market containing no fewer than 60 separate brands – dozens more than you'll find in other major markets – with many more to come. Hyundai was among the nation's top brands until a few years ago, selling in excess of 100,000 vehicles between 2014 and 2016, before its sales declined to about 75,000 in 2023 and then 71,664 in 2024, placing it sixth on the league ladder behind Toyota (241,296 sales), Ford (100,170), Mazda (95,987), sister brand Kia (81,787), and Mitsubishi (74,547). Additionally, this year marks the start of the New Vehicle Efficiency Standard (NVES), which includes a set of stringent emissions targets designed to reduce the carbon footprint of Australia's new vehicle market. Those factors, in combination with a host of other economic pressure points, render Australia a difficult place to do business according to Mr Romano. "There's nothing quite like it – you're talking 70 brands, whereas the markets I've worked in have had anywhere from 20 to 30 brands," said Mr Romano. "So we definitely have a unique challenge here that we don't see in other markets. I think the challenge is greater, but you also have a few brands that are very dominant here, more dominant here than they are in other markets. They're more dominant even though you have more brands, which is very unusual to me. "So the question is, how do you build a brand that can future proof itself sustainably against an onslaught of new entries?" "When it comes to NVES, there's going to be a lot of brands that are going to start falling apart because they're burying their heads in the sand." Mr Romano joins Hyundai Australia at an important juncture for the automaker, after annual sales declined by 4.7 per cent last year. Plans to reverse the trend include an injection of marketing investment, expansion of the model lineup, and a renewed focus on dealer engagement. Mr Romano will oversee the launch of several key models in the coming months and years, including the Inster compact electric vehicle (EV), the Ioniq 9 large electric SUV, and the next-generation Palisade large SUV and Nexo fuel-cell vehicle. Speaking with the media at the launch of the Inster, Hyundai's smallest and cheapest EV so far, Mr Romano said he planned to stop the sales decline and "not to go right up to 100,000, but to start growing again". "I'm not going to commit to any number other than growth – we're not going to go backwards," he said. "We've been going back for five, six years and we need to turn that corner. We're going to do it this year, and we're going to start going the other way sustainably and cautiously, through good brand management and ultimately new products." However, Mr Romano said the required sales growth wouldn't come from new battery-electric like the Inster and Ioniq 9 alone. EVs accounted for just 3.7 per cent of Hyundai's Australian sales last year, with a total of 2665 sales across its Kona, Ioniq 5 and Ioniq 6 lines. The clock is ticking for Mr Romano, who expects to hold the Korean brand's local CEO role for no more than three years before transitioning towards retirement. "We need to future-proof our business, and that's why I'm here," he told CarExpert. MORE: Everything Hyundai Content originally sourced from: Hyundai Australia has a new boss – Don Romano – and his mission is simple: turn the brand's fortunes around amid an onslaught of new challenger brands and the looming threat of federal emissions regulations. Mr Romano turned down retirement to join the local arm of Hyundai as the first-ever non-Korean CEO seven weeks ago, after successfully heading up Hyundai Canada for 11 years. By his own admission, he has faced a multitude of challenges in his roles elsewhere, but none quite compare to what he's up against Down Under. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. In 2025, auto brands in Australia have to contend with a saturated market containing no fewer than 60 separate brands – dozens more than you'll find in other major markets – with many more to come. Hyundai was among the nation's top brands until a few years ago, selling in excess of 100,000 vehicles between 2014 and 2016, before its sales declined to about 75,000 in 2023 and then 71,664 in 2024, placing it sixth on the league ladder behind Toyota (241,296 sales), Ford (100,170), Mazda (95,987), sister brand Kia (81,787), and Mitsubishi (74,547). Additionally, this year marks the start of the New Vehicle Efficiency Standard (NVES), which includes a set of stringent emissions targets designed to reduce the carbon footprint of Australia's new vehicle market. Those factors, in combination with a host of other economic pressure points, render Australia a difficult place to do business according to Mr Romano. "There's nothing quite like it – you're talking 70 brands, whereas the markets I've worked in have had anywhere from 20 to 30 brands," said Mr Romano. "So we definitely have a unique challenge here that we don't see in other markets. I think the challenge is greater, but you also have a few brands that are very dominant here, more dominant here than they are in other markets. They're more dominant even though you have more brands, which is very unusual to me. "So the question is, how do you build a brand that can future proof itself sustainably against an onslaught of new entries?" "When it comes to NVES, there's going to be a lot of brands that are going to start falling apart because they're burying their heads in the sand." Mr Romano joins Hyundai Australia at an important juncture for the automaker, after annual sales declined by 4.7 per cent last year. Plans to reverse the trend include an injection of marketing investment, expansion of the model lineup, and a renewed focus on dealer engagement. Mr Romano will oversee the launch of several key models in the coming months and years, including the Inster compact electric vehicle (EV), the Ioniq 9 large electric SUV, and the next-generation Palisade large SUV and Nexo fuel-cell vehicle. Speaking with the media at the launch of the Inster, Hyundai's smallest and cheapest EV so far, Mr Romano said he planned to stop the sales decline and "not to go right up to 100,000, but to start growing again". "I'm not going to commit to any number other than growth – we're not going to go backwards," he said. "We've been going back for five, six years and we need to turn that corner. We're going to do it this year, and we're going to start going the other way sustainably and cautiously, through good brand management and ultimately new products." However, Mr Romano said the required sales growth wouldn't come from new battery-electric like the Inster and Ioniq 9 alone. EVs accounted for just 3.7 per cent of Hyundai's Australian sales last year, with a total of 2665 sales across its Kona, Ioniq 5 and Ioniq 6 lines. The clock is ticking for Mr Romano, who expects to hold the Korean brand's local CEO role for no more than three years before transitioning towards retirement. "We need to future-proof our business, and that's why I'm here," he told CarExpert. MORE: Everything Hyundai Content originally sourced from: Hyundai Australia has a new boss – Don Romano – and his mission is simple: turn the brand's fortunes around amid an onslaught of new challenger brands and the looming threat of federal emissions regulations. Mr Romano turned down retirement to join the local arm of Hyundai as the first-ever non-Korean CEO seven weeks ago, after successfully heading up Hyundai Canada for 11 years. By his own admission, he has faced a multitude of challenges in his roles elsewhere, but none quite compare to what he's up against Down Under. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. In 2025, auto brands in Australia have to contend with a saturated market containing no fewer than 60 separate brands – dozens more than you'll find in other major markets – with many more to come. Hyundai was among the nation's top brands until a few years ago, selling in excess of 100,000 vehicles between 2014 and 2016, before its sales declined to about 75,000 in 2023 and then 71,664 in 2024, placing it sixth on the league ladder behind Toyota (241,296 sales), Ford (100,170), Mazda (95,987), sister brand Kia (81,787), and Mitsubishi (74,547). Additionally, this year marks the start of the New Vehicle Efficiency Standard (NVES), which includes a set of stringent emissions targets designed to reduce the carbon footprint of Australia's new vehicle market. Those factors, in combination with a host of other economic pressure points, render Australia a difficult place to do business according to Mr Romano. "There's nothing quite like it – you're talking 70 brands, whereas the markets I've worked in have had anywhere from 20 to 30 brands," said Mr Romano. "So we definitely have a unique challenge here that we don't see in other markets. I think the challenge is greater, but you also have a few brands that are very dominant here, more dominant here than they are in other markets. They're more dominant even though you have more brands, which is very unusual to me. "So the question is, how do you build a brand that can future proof itself sustainably against an onslaught of new entries?" "When it comes to NVES, there's going to be a lot of brands that are going to start falling apart because they're burying their heads in the sand." Mr Romano joins Hyundai Australia at an important juncture for the automaker, after annual sales declined by 4.7 per cent last year. Plans to reverse the trend include an injection of marketing investment, expansion of the model lineup, and a renewed focus on dealer engagement. Mr Romano will oversee the launch of several key models in the coming months and years, including the Inster compact electric vehicle (EV), the Ioniq 9 large electric SUV, and the next-generation Palisade large SUV and Nexo fuel-cell vehicle. Speaking with the media at the launch of the Inster, Hyundai's smallest and cheapest EV so far, Mr Romano said he planned to stop the sales decline and "not to go right up to 100,000, but to start growing again". "I'm not going to commit to any number other than growth – we're not going to go backwards," he said. "We've been going back for five, six years and we need to turn that corner. We're going to do it this year, and we're going to start going the other way sustainably and cautiously, through good brand management and ultimately new products." However, Mr Romano said the required sales growth wouldn't come from new battery-electric like the Inster and Ioniq 9 alone. EVs accounted for just 3.7 per cent of Hyundai's Australian sales last year, with a total of 2665 sales across its Kona, Ioniq 5 and Ioniq 6 lines. The clock is ticking for Mr Romano, who expects to hold the Korean brand's local CEO role for no more than three years before transitioning towards retirement. "We need to future-proof our business, and that's why I'm here," he told CarExpert. MORE: Everything Hyundai Content originally sourced from: Hyundai Australia has a new boss – Don Romano – and his mission is simple: turn the brand's fortunes around amid an onslaught of new challenger brands and the looming threat of federal emissions regulations. Mr Romano turned down retirement to join the local arm of Hyundai as the first-ever non-Korean CEO seven weeks ago, after successfully heading up Hyundai Canada for 11 years. By his own admission, he has faced a multitude of challenges in his roles elsewhere, but none quite compare to what he's up against Down Under. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. In 2025, auto brands in Australia have to contend with a saturated market containing no fewer than 60 separate brands – dozens more than you'll find in other major markets – with many more to come. Hyundai was among the nation's top brands until a few years ago, selling in excess of 100,000 vehicles between 2014 and 2016, before its sales declined to about 75,000 in 2023 and then 71,664 in 2024, placing it sixth on the league ladder behind Toyota (241,296 sales), Ford (100,170), Mazda (95,987), sister brand Kia (81,787), and Mitsubishi (74,547). Additionally, this year marks the start of the New Vehicle Efficiency Standard (NVES), which includes a set of stringent emissions targets designed to reduce the carbon footprint of Australia's new vehicle market. Those factors, in combination with a host of other economic pressure points, render Australia a difficult place to do business according to Mr Romano. "There's nothing quite like it – you're talking 70 brands, whereas the markets I've worked in have had anywhere from 20 to 30 brands," said Mr Romano. "So we definitely have a unique challenge here that we don't see in other markets. I think the challenge is greater, but you also have a few brands that are very dominant here, more dominant here than they are in other markets. They're more dominant even though you have more brands, which is very unusual to me. "So the question is, how do you build a brand that can future proof itself sustainably against an onslaught of new entries?" "When it comes to NVES, there's going to be a lot of brands that are going to start falling apart because they're burying their heads in the sand." Mr Romano joins Hyundai Australia at an important juncture for the automaker, after annual sales declined by 4.7 per cent last year. Plans to reverse the trend include an injection of marketing investment, expansion of the model lineup, and a renewed focus on dealer engagement. Mr Romano will oversee the launch of several key models in the coming months and years, including the Inster compact electric vehicle (EV), the Ioniq 9 large electric SUV, and the next-generation Palisade large SUV and Nexo fuel-cell vehicle. Speaking with the media at the launch of the Inster, Hyundai's smallest and cheapest EV so far, Mr Romano said he planned to stop the sales decline and "not to go right up to 100,000, but to start growing again". "I'm not going to commit to any number other than growth – we're not going to go backwards," he said. "We've been going back for five, six years and we need to turn that corner. We're going to do it this year, and we're going to start going the other way sustainably and cautiously, through good brand management and ultimately new products." However, Mr Romano said the required sales growth wouldn't come from new battery-electric like the Inster and Ioniq 9 alone. EVs accounted for just 3.7 per cent of Hyundai's Australian sales last year, with a total of 2665 sales across its Kona, Ioniq 5 and Ioniq 6 lines. The clock is ticking for Mr Romano, who expects to hold the Korean brand's local CEO role for no more than three years before transitioning towards retirement. "We need to future-proof our business, and that's why I'm here," he told CarExpert. MORE: Everything Hyundai Content originally sourced from:
7NEWS
3 days ago
- Automotive
- 7NEWS
How Hyundai Australia's new boss plans to reverse Korean brand's sales slide
Hyundai Australia has a new boss – Don Romano – and his mission is simple: turn the brand's fortunes around amid an onslaught of new challenger brands and the looming threat of federal emissions regulations. Mr Romano turned down retirement to join the local arm of Hyundai as the first-ever non-Korean CEO seven weeks ago, after successfully heading up Hyundai Canada for 11 years. By his own admission, he has faced a multitude of challenges in his roles elsewhere, but none quite compare to what he's up against Down Under. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. In 2025, auto brands in Australia have to contend with a saturated market containing no fewer than 60 separate brands – dozens more than you'll find in other major markets – with many more to come. Hyundai was among the nation's top brands until a few years ago, selling in excess of 100,000 vehicles between 2014 and 2016, before its sales declined to about 75,000 in 2023 and then 71,664 in 2024, placing it sixth on the league ladder behind Toyota (241,296 sales), Ford (100,170), Mazda (95,987), sister brand Kia (81,787), and Mitsubishi (74,547). Additionally, this year marks the start of the New Vehicle Efficiency Standard (NVES), which includes a set of stringent emissions targets designed to reduce the carbon footprint of Australia's new vehicle market. Those factors, in combination with a host of other economic pressure points, render Australia a difficult place to do business according to Mr Romano. 'There's nothing quite like it – you're talking 70 brands, whereas the markets I've worked in have had anywhere from 20 to 30 brands,' said Mr Romano. 'So we definitely have a unique challenge here that we don't see in other markets. I think the challenge is greater, but you also have a few brands that are very dominant here, more dominant here than they are in other markets. They're more dominant even though you have more brands, which is very unusual to me. 'So the question is, how do you build a brand that can future proof itself sustainably against an onslaught of new entries?' 'When it comes to NVES, there's going to be a lot of brands that are going to start falling apart because they're burying their heads in the sand.' Mr Romano joins Hyundai Australia at an important juncture for the automaker, after annual sales declined by 4.7 per cent last year. Plans to reverse the trend include an injection of marketing investment, expansion of the model lineup, and a renewed focus on dealer engagement. Mr Romano will oversee the launch of several key models in the coming months and years, including the Inster compact electric vehicle (EV), the Ioniq 9 large electric SUV, and the next-generation Palisade large SUV and Nexo fuel-cell vehicle. Speaking with the media at the launch of the Inster, Hyundai's smallest and cheapest EV so far, Mr Romano said he planned to stop the sales decline and 'not to go right up to 100,000, but to start growing again'. 'I'm not going to commit to any number other than growth – we're not going to go backwards,' he said. 'We've been going back for five, six years and we need to turn that corner. We're going to do it this year, and we're going to start going the other way sustainably and cautiously, through good brand management and ultimately new products.' However, Mr Romano said the required sales growth wouldn't come from new battery-electric like the Inster and Ioniq 9 alone. EVs accounted for just 3.7 per cent of Hyundai's Australian sales last year, with a total of 2665 sales across its Kona, Ioniq 5 and Ioniq 6 lines. The clock is ticking for Mr Romano, who expects to hold the Korean brand's local CEO role for no more than three years before transitioning towards retirement. 'We need to future-proof our business, and that's why I'm here,' he told CarExpert.
Business Times
3 days ago
- Automotive
- Business Times
This US$7,000 single-seat electric car is a big hit in Japan
[TOKYO] In the rural suburbs of Hiroshima, a Japanese startup is trying to kick start the nation's electric vehicle (EV) market with the smallest, cheapest car it can possibly make. KG Motors has developed a battery-powered one-seater that more resembles a futuristic golf cart than it does a modern EV, much less a traditional car. And yet well over half of the 3,300 units it plans to deliver by March 2027 have already been pre-sold to customers. Incidentally, that puts it on track to sell more EVs in Japan than the world's biggest automaker, Toyota Motor, which shifted around 2,000 vehicles in all of 2024. In a country where EVs are still a rare sight, KG Motors is trying to bust a burgeoning myth: that bigger is better. 'Cars are simply too big,' founder and chief executive officer Kazunari Kusunoki said. 'Seeing so many big cars travelling Japan's narrow streets – that's where this all began for me.' At under 1.5 metres in height, KG Motors' mibot has a range of 100 kilometres, a charging time of five hours and a top speed of 60 kilometres per hour. It will cost one million yen (S$8,877) before tax when production starts in October at KG Motors' new factory east of the city. That's about half the price of Japan's most popular EV, Nissan Motor's Sakura. To date, domestic and foreign automakers alike have struggled to find traction for EVs in Japan. The cars accounted for about 140,000 units or around 3.5 per cent of total vehicle sales in 2023, a far cry from the global average of 18 per cent, according to BloombergNEF. Chinese behemoth BYD, for example, sold 2,223 automobiles in Japan in 2024 – a sliver of the 4.3 million it delivered worldwide. A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up Toyota and its Japanese peers, meanwhile, are at odds with other legacy automakers that hold an all-electric view of the future. Toyota has long harboured a multi-pathway approach to a greener tomorrow, one where EVs as well as petrol, hybrids and hydrogen-powered vehicles play a role. As a result, the petrol-electric hybrids pioneered by Japanese manufacturers still dominate. 'Toyota said EVs are not the only solution and, because it's Toyota, Japanese people assume it must be true,' Kusunoki said. 'A large number of people in Japan seem to believe EVs won't become popular.' Japan, at least, has been slower to embrace the global trend towards larger, roomier vehicles. Smaller autos have always been a feature in the Asian nation and its lightweight kei cars have even found cult followings abroad. In recent years, they have claimed the lion's share of the domestic EV market, accounting for 55 per cent of total sales in 2023. Nissan's Sakura is a kei car, with just under 23,000 units sold in 2024. In April, BYD said it's planning to produce a fully-electric kei car specifically for the Japanese market in the second half of 2026, while Hyundai Motor introduced the Inster earlier this year, a 2.9 million yen vehicle it claims to be Japan's cheapest EV, at least among full-sized passenger cars. Small-sized EVs have helped spark consumer acceptance of battery-powered cars overseas as well. In China, the world's biggest EV market, Saic-GM-Wuling Automobile's Hongguang Mini was at one point the nation's top seller. Still, with its single-seat design, KG Motors' mibot is in a tiny league of its own. The first 300 should be delivered to customers in Hiroshima and Tokyo before the end of next March, while the other 3,000 will be shipped nationwide, Kusunoki said. KG Motors says it will lose money on the first batch but should break even on the second. After that, the company aims to produce around 10,000 units annually. The startup's size and make-to-order strategy could work in its favour. EVs use far less parts than conventional petrol or hybrid vehicles but the mibot takes that to another level, essentially consisting of a battery, motor and sparse electronics connected by wiring housed within a monocoque chassis on four wheels, so production costs are low. Even KG Motors' marketing draws on Kusunoki's former life as a YouTube content creator. The company has published footage on its website of the mibot being tested on the icy roads of Hokkaido, squeezing between homes packed into Hiroshima's historic districts and smashing into concrete walls at high speeds to ensure it satisfies Japan's strict safety regulations. Kusunoki, 43, who founded KG Motors in June 2022, grew up in Higashihiroshima, a suburban town with streets sometimes too narrow even for a Japanese sedan. He watched the country's public transport infrastructure deteriorate as a shortage of taxi drivers was compounded by an ageing, shrinking population. As young people migrate to big cities, it's also becoming more difficult for the elderly to get around. As a result, KG Motors ultimately sees demand for one- or two-seater compact, cost-efficient cars. As at early May, the company had received 2,250 orders, with over 95 per cent coming from homeowners with at least one vehicle. 'In rural parts of the country, public transportation systems are in shambles,' Kusunoki said. 'This might be hard for someone living in Tokyo to understand but at some point, it becomes necessary to have one car per person, not just per household.' BLOOMBERG
Daily Mail
23-05-2025
- Automotive
- Daily Mail
RAY MASSEY: Take your seat in the Hyundai Inster
Hidden among rolling hills in Bedfordshire is a wonderful automotive facility that looks uncannily like a life-sized Teletubbies set. But amid the undulating landscape of trees, grass and futuristic buildings, is a complex network of tracks where a wide variety of mainly camouflaged motor cars and military vehicles are secretly being put through their paces during development. This is the world-renowned Millbrook Proving Ground, run by testing specialists UTAC. It boasts more than 30 miles of roads and replicates every challenge encountered by British motorists from bumps and potholes to a two-mile high-speed endurance circuit. I was there for the annual driving jamboree of the Society of Motor Manufacturers and Traders (SMMT), at which major car makers bring their newest models for journalists to test drive and share the latest industry news. During my visit, I had the chance to drive Hyundai's funky and surprisingly spacious new four-door Inster, a mini urban SUV which has just been crowned best electric car in the World Car Awards. The Korean car is an affordable and roomy rival to Renault's R5 hatchback, with a higher roof and more headroom. Prices start from £23,505 for the standard Inster 01 running on 15 in alloy wheels, £26,755 for the Inster 02 with 17 in wheels, and £28,755 for the Inster Cross. There are two battery options: a standard 42kWh, and the longer range 49kWh which I drove. Accelerating from 0 to 62mph in 10.6 seconds, and with a top speed of 93mph and a 229-mile range, my Inster drives well, with sufficient punch up the hills, manoeuvrability on corners and spirit on the straight. I like its bright interior, with customisable door trim and up to 351 litres of boot space. But my time at Millbrook also included a reality check, provided by SMMT chief executive Mike Hawes. He warned that the Government must do more to incentivise motorists to switch to EVs: cutting VAT on charging, introducing a three-year halt on VAT on EV sales and providing more public charging points. Hyundai's Inster is an example of the unprecedented choice of EVs currently enjoyed by motorists. But I can only agree that we will need 'bold support' from ministers to reverse the lack of public demand from private EV buyers. Without it, zippy cars like the Inster won't get beyond Millbrook's test tracks.
RTÉ News
15-05-2025
- Automotive
- RTÉ News
Is the Dacia Spring Ireland's cheapest new EV?
If you're looking for an affordable way to get into an electric vehicle, the Dacia Spring is Ireland's cheapest new EV. The caveat is that there's less than 220km of range, however, you can fast charge it. Lightweight at just under one tonne, the essentials are present, such as an easy-to-use touch-screen which you can opt for with Apple CarPlay/Android Auto. There's also cruise control, rear parking sensors and manual air con. Boot space is reasonable for a car of this size at 308 litres, which handily expands to 1,004 litres. It should also be mentioned that the second cheapest new EV in Ireland is Hyundai's Inster, an impressively sturdy compact electric car which also comes with fast charging and an entry price of €18,995.
