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Automobile Major Hyundai Motor India Unveils All New Santro

The petrol powered vehicle comes with a fuel mileage of 20.3 km per litre. It also has the option for a factory fitted CNG (60 L water equivalent

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Hyundai
Hyundai Motor India launches all new Santro.

Automobile major Hyundai Motor India (HMIL) on Tuesday launched ‘the all new Santro’ with an introductory price starting at Rs 3.89 lakh.

“The all new Santro is a true example of Hyundai’s Made-in-India philosophy and a shining result of our numerous product clinics and rigorous durability test on various terrains in India,” Y.K. Koo, MD and CEO, HMIL said in a statement.

“Our R&D centre in Namyang (S. Korea), Chennai and Hyderabad have put strong efforts for product supremacy and utmost customer delight.”

fuel-car
Representational image.

According to the company, the new passenger car is equipped with a 4-cylinder 1.1 litre petrol engine which offers 69 ps of power. It is mated with option of MT (manual transmission) and in-house developed ‘Smart Auto’ AMT (automatic manual transmission).

The petrol powered vehicle comes with a fuel mileage of 20.3 km per litre. It also has the option for a factory fitted CNG (60 L water equivalent).

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Currently, the company has ten car models across segments – Eon, All New Santro, Grand i10, Elite i20, Active i20, Xcent, Verna, Elantra, Creta and Tucson.  (IANS)

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Hyundai, Kia Invest $300 mn in India’s Ride-hailing Giant Ola

The nine-year-old firm had set up in 2018 Ola Electric Mobility Ltd to use battery-run cabs as a pilot project at Nagpur in Maharashtra

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Ola Cabs. Image source: Flickr

In their single biggest investment ever, Hyundai Motor Co and its affiliate Kia Motors Corp on Tuesday announced an investment of Rs 2,068 crore ($300 million) in India’s leading ride-hailing cab aggregator Ola.

The agreement will see the three companies collaborate on building India-specific electric vehicles and infrastructure and developing unique fleet and mobility solutions, Hyundai said.

“This partnership will also significantly benefit driver-partners on our platform, as we collaborate with Hyundai to build vehicles and solutions that enable sustainable earnings for millions of them, in the time to come,” said Bhavish Aggarwal, Co-founder and CEO of Ola.

Hyundai Motor and Kia Motors will invest $240 million and $60 million respectively in Ola.

As part of the strategic collaboration, the companies have agreed to co-create solutions to operate and manage fleet vehicles, marking the Hyundai Motor Group’s first foray into the industry, as they expand operations from automobile manufacturing and sales to total fleet solutions.

Ola Cab. Facebook

The partnership will offer Ola drivers various financial services, including lease and instalment payments, while vehicle maintenance and repair services are expected to enhance customer satisfaction, Hyundai said.

Hyundai, Kia and Ola also agreed to coordinate efforts to develop cars and specifications that reflect the needs of the ride hailing market.

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Ola earlier this month raised Rs 400 crore from its early investors, including Tiger Global and Matrix India, to fund its electric mobility business.

The nine-year-old firm had set up in 2018 Ola Electric Mobility Ltd to use battery-run cabs as a pilot project at Nagpur in Maharashtra. (IANS)