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Models with connected features make over 25% of 2024 retail sales: Hyundai

Business Standard LogoBusiness Standard4d ago

Models with connected features make over 25% of 2024 retail sales: Hyundai - Business Standard

Quick Summary:

Hyundai Motor India on Monday said the share of car sales with connected features has risen to over 25 per cent in 2024 against around 5 per cent in 2019.

With the ever-increasing number of tech-savvy, convenience-seeking, and young car buyers, I am confident that the demand for connected car tech will rise rapidly in the coming years," Hyundai Motor India Function Head - Corporate Planning Jae Wan Ryu said in a statement.

The company noted that the contribution of connected cars in its retail sales grew to 25.7 per cent last year compared with 4.7 per cent in 2019.


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Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 14:59:57 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25494330

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