Hyundai May Walk Away from Russian Plant Buyback Option
Hyundai of South Korea is not likely to buy back the car plant that it had previously bought in Russia. In 2024, the company sold the factory in St. Petersburg with a two-year buyback option, which expires in January 2026. No assurance of Hyundai that it will exercise the option is forthcoming as that deadline […]
Toyota Eyes Major Expansion In India With 15 New Models By 2030 Including SUVs
Toyota is moving towards diversification in India and is set to introduce about 15 models by 2030. This move will probably commence in 2026 and have a variety of SUVs, electrified vehicles, and updated models making their way into the Indian market. Toyota is aimed at strengthening its presence and offering domestic consumers a wider […]