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Hyundai's annual net profit rises 54%, 2024 sales growth of 5% eyed

South Korean carmaker Hyundai recorded a sharp rise in profits last year thanks to the growing popularity of its more expensive models, but cautioned that 2024 could prove more difficult. Net profit rose by 54% year-on-year to 12.27 trillion won (around $9.1 billion) in 2023, the company said on Thursday. In the final quarter alone, net profit rose 29% to 2.2 trillion won. Hyundai logged a 14.4% increase in annual sales to 162.7 trillion won. Last year, the company sold 4,216,898 vehicles worldw ....

South Korea , South Korean , Hyundai Logo ,

Hyundai Motor, Kia sell more than 7 million cars in 2023

Hyundai Motor and its smaller sister company Kia together sold last year more than 7 million cars for the first time since 2019. The South Korean group's target of 7.52 million cars set at the beginning of 2023 was missed by 3%. Still, global deliveries increased by 6.6% year-on-year to 7.3 million, according to figures presented by the companies on Wednesday. The group sales target for this year was lowered slightly to 7.44 million cars. Hyundai Motor alone aims to sell more than 4.24 million v ....

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Hyundai Motor India launches Venue Knight Edition starting at INR 9.99 lakh, ET Auto

Hyundai VENUE Knight Edition offers 23 unique features that make it stand out. Some of them are Sporty Metal Pedals, ECM IRVM, 3D Designer Mats, Brass Colored Inserts on front wheels, Brass Colored Roof Rail Inserts, Dark Chrome rear Hyundai Logo and VENUE emblem, Knight Emblem, and many more, the company said. ....

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