South Korean automakers Hyundai Motor Co and Kia Motors Corp will together inves...
FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, Oct. 2, 2018. REUTERS/Regis Duvignau/File Photo
- South Korean automakers Hyundai Motor Co and Kia Motors Corp will together invest $300 million in Indian ride-hailing platform Ola, playing catch-up in the global race to invest in mobility firms. The move follows the $275 million that the pair invested in Singapore-based ride-hailing firm Grab last year.
Hyundai, Kia and Ola will collaborate to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market, they said in a joint statement.Hyundai is one of the biggest automakers operating in India, where affiliate Kia plans to start production this year at its first factory in the country.
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