Global carmakers widen reach, login into app-based mobility firms

Global carmakers widen reach, login into app-based mobility firms

  • The investment will be jointly made by group firms — Hyundai Motor Company and Kia Motors Corporation — and under a tripartite agreement with Ola, the companies will jointly develop electric vehicles ecosystem and fleet services for global markets.
  • Under the partnership, the three firms will also aim to develop electric vehicles (EVs) and charging infrastructure customised for Indian market, the firms said in joint statement.
  • “Hyundai, Kia and Ola have also agreed to coordinate efforts to develop cars and specifications that reflect the needs of the ride hailing market (both users and drivers).
  • Data accumulated during service operation will allow the companies to make constant vehicle improvements to better meet local needs and specifications,” the statement said.


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