Brazil Supreme Court Orders Asset Freeze of Nelson Tanure Amid Banco Master Investigation 
Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment 
South Korea Inflation Rises to 2.3% in December, Matching Market Expectations 
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford 
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
Renault Group Global Sales Rise 3.2% in 2025 on Strong International and EV Demand 
Proposed Rio Tinto–Glencore Merger Faces China Regulatory Hurdles and Asset Sale Pressure 
Japanese Business Leaders Urge Government Action as Weak Yen Strains Economy 
Federal Judge Clears Way for Jury Trial in Elon Musk’s Fraud Lawsuit Against OpenAI and Microsoft 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core 
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading 
Hyundai Motor revealed its plan to release six electric vehicle models in India by the year 2028. The South Korean automaker said the EVs would include sports utility vehicles and sedans.
Hyundai Motor will be offering its new EV models at both premium and affordable prices. The company is investing $530 million or around 40 billion Indian rupees on research and development to make the six EVs in the country.
According to The Korea Economic Daily, starting 2022, the automotive manufacturer will release the EV versions of its existing models. It was added that these units are going to be built either on its proprietary E-GMP EV platform or on a modified platform of the gas-powered vehicle units.
Hyundai Motor is currently the second-largest auto brand in India, and it is working to revive its goal of infiltrating the EV market in the country. Three years ago, it already introduced the KONA electric SUV, but the company failed to attract consumers because of the unit's high price plus, charging stations are also scarce.
Thus, the release of the six upcoming EV models will be Hyundai Motor's second attempt to grow its EV business in India. The company has more chances to succeed this time because the Indian government is also aiming to get more EVs on the roads. The local government is hoping 30% of the vehicles that will run in the country will be electric versions by 2030.
At any rate, now that they know what went wrong when they released KONA in 2019, Tarun Garg, Hyundai Motor India's director of sales and marketing, said they now know what is needed to succeed this time. Hyundai will make affordable EVs, install more charging stations, and make home chargers available.
"I think India might be having the same situation in the near future," Hyundai Motor India managing director, Kim Seon Seob, told Economic Times India. "Our six battery EVs will cover various segments. Our future electric vehicle business should outperform existing performance in the general (internal combustion engine) market and one focus area in the future EV product line-up is the mass-market EV. Mass market means the customer wants some affordable vehicle - long-range and fast charging."
