
Hyundai teases Ioniq 6 N: High-performance electric sedan to debut in July
Hyundai Motor Company has offered a glimpse of its next high-performance electric vehicle, the Ioniq 6 N, through a set of teaser images that highlight its styling and motorsport-inspired design. Building on the momentum of the acclaimed Ioniq 5 N, the Ioniq 6 N is set to make its global debut at the Goodwood Festival of Speed in July, promising to elevate Hyundai's performance EV game even further.
advertisementA performance evolution of the electric Ioniq 6 sedan, the N-badged variant features a dramatically enhanced design language. The teaser visuals showcase flared fenders, lightweight performance wheels, a bold rear wing, and an integrated ducktail spoiler—all pointing to advanced aerodynamic development aimed at delivering high-speed stability and track-day capability.Hyundai has positioned the Ioniq 6 N around three core N-brand performance pillars:Corner Rascal – agile and sharp handlingRacetrack Capability – built to withstand demanding track conditionsEveryday Sports Car – versatile enough for daily drivingWhile Hyundai has yet to confirm detailed specifications, expectations are high that the Ioniq 6 N will inherit the dual-motor, all-wheel-drive powertrain from the Ioniq 5 N. Design cues also suggest continuity with Hyundai's futuristic aesthetic—pixel-themed lighting, sculpted body panels, and bespoke N touches like extended wheel arches and performance rubber. Notably, a teaser image showcasing tyre smoke hints at the vehicle's playful, drift-capable nature—already a hallmark of the Ioniq 5 N.
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Joon Park, Vice President and Head of N Management Group, said, "Ioniq 6 N will once again disrupt the high-performance EV segment to deliver exciting driving experiences to our fans. We chose to debut it at Goodwood to be as close to our fans as possible."With a target price expected to be under $70,000 (approx. Rs 59.90 lakh), the Ioqniq 6 N could present a strong value proposition in a segment dominated by the likes of the BMW i4 M50 and the Tesla Model 3 Performance. More details will be revealed at its official debut at the Goodwood Festival of Speed in July 2025.Subscribe to Auto Today Magazine
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Time of India
16 hours ago
- Time of India
Japan's Nikkei ends lower as uncertainties in Middle East conflict weigh
Japan's Nikkei share average gave up early gains to end lower on Friday, as geopolitical risks surrounding the Middle East conflict weighed on sentiment. The Nikkei fell 0.22% to 38,403.23, after rising as much as 0.4% earlier in the session. The index rose 1.5% for the week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The broader Topix fell 0.75% to 2,771.26 but posted a 0.54% weekly gain. "With the absence of market-moving catalysts, uncertainties surrounding the Middle East tensions dragged investor sentiment," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. The White House said on Thursday that U.S. President Donald Trump will make a decision within the next two weeks whether to support Israel in its ongoing conflict with Iran. Live Events "On top of the uncertainties about the conflict in the region, the outlook of the U.S. tariff plans remains unclear," said Arisawa. Uniqlo-brand owner Fast Retailing fell 1.8%, dragging the Nikkei the most. Phone company KDDI fell 1.72%. Game maker Nintendo slipped 4.11% to become the worst percentage loser on the Nikkei. Chip-related shares rose, with Advantest jumping 4.2% to become the biggest support to the Nikkei. Lasertec rose 4.97% to become the top percentage gainer on the Nikkei. Machinery maker Amada rose 4.43% Of more than 1,600 stocks trading on the Tokyo Stock Exchange 's prime market, 27% rose and 69% fell, while 3% traded flat.


Mint
a day ago
- Mint
After Samsung, is Hyundai next? Strike threat looms over Chennai plant
Mumbai: South Korean automotive giant Hyundai Motor's India unit faces a potential worker strike at its plant near Chennai from a union backed by the Communist Party of India (Marxist) or the CPI(M), if the outcome of ongoing triennial wage negotiations is not to the union's satisfaction. The same union had earlier halted operations at the nearby manufacturing facility of another Korean giant, Samsung. Hyundai had received a temporary stay from the Madras High Court in March against any disruptions from workers, as per the company's writ petition, a copy of which Mint has seen, but that could change depending on the outcome of the wage negotiations. The Hyundai Motor India Employees Union (HMIEU), which is backed by the CPI(M)-affiliated CITU (Centre of Indian Trade Unions), has called for a secret ballot to establish itself as the majority union of Hyundai's factory workers in India, according to CITU's state president A. Soundararajan. The association also wants the company to engage with it for the wage negotiations. Also read | Mint Primer | Samsung strike: Can it crash Tamil Nadu's dream? 'The union is asking the management to recognize them as the majority union as now they have 2,000 workers associated under them," said Soundararajan. 'This can be done using a secret paper ballot." The current majority union for Hyundai's two integrated manufacturing facilities near Chennai is the United Union of Hyundai Employees (UUHE), which is not affiliated to any political party. UUHE has disputed HMIEU's claims that it holds majority affiliations from workers. 'We have 2,000 members and have all required documents to prove the membership. The negotiations with the management are ongoing," UUHE's president Ramanathan said. In India, a union that secures affiliation from 51% or more workers' is entitled to be recognized as the majority union by the employer. HMIEU is awaiting the conclusion of Hyundai's ongoing negotiations with UUHE before deciding its further course of action, which can include a strike, CITU's Soundararajan said. Hyundai negotiates three-year wage agreements with its workers in India. The last agreement was reached in May 2022. 'When the last settlement was done, the union (HMIEU) was not in majority, but now they are," Soundararajan said. Read this | Mahindra cements 2nd position as Tata Motors, Hyundai's sales continue to lag behind In an emailed statement to Mint on Thursday, Hyundai referred to HMIEU as an unrecognized minority union and said that 'in lieu of the ongoing litigation before the Court, HMIL cannot comment on any matters which are sub-judice". 'As a responsible and ethical corporate entity and an employee friendly company, Hyundai Motor India Ltd continues to maintain a harmonious and inclusive work environment while adhering to all applicable Indian laws and internal protocols," the company said in its statement to Mint. On the wage negotiations, the company said in its statement that long-term settlements are a standard industry-wide practice involving multiple rounds of discussions and negotiations. 'We are currently engaged in ongoing discussions with union representatives of UUHE, which is the recognized majority union at Hyundai Motor India Limited and as per the Labour Department of Government of Tamil Nadu," the company said. 'We remain focused on reaching a mutually beneficial outcome. HMIL leads the industry in offering among the best-in-class wages and benefits, and prioritizes employee well-being and operational continuity as part of its long-standing commitment to India and the automotive industry." Expert views Legal experts said while the company is currently protected against any worker strike due to the Madras High Court's orders, once the ongoing trade negotiations conclude, HMIEU will have legal recourse to address its grievances, if any. 'The injunction granted by the Madras High Court to Hyundai in March temporarily restrains the union from initiating strike action," said Rohitaashv Sinha, partner at law firm King Stubb & Kasiva, Advocates and Attorneys. 'However, such an injunction does not grant the company indefinite or absolute protection from future strikes." Also read | Hyundai Motor India profit may take a hit in Q4 as sales remain in slow lane If it is unhappy with the outcome of the wage negotiations, HMIEU can move the state's labour department to either challenge the wage settlement or seek voting by secret ballot to establish itself as the majority union, said Kinjal Champaneria, partner at law firm Solomon & Co. Shades of Samsung Hyundai is the second South Korean chaebol after Samsung to face worker displeasure in Tamil Nadu. Samsung India Workers' Union (SIWU), a worker union affiliated to CITU, had in September last year and again in March this year called strikes at the company's plant near Chennai. The union wanted to be recognized as the majority union, a theme repeating itself at Hyundai's manufacturing facility just half an hour's drive away. In fact, HMIEU had called for a strike to show solidarity with Samsung's workers in March, prompting Hyundai to move the Madras High Court for an injunction. Moreover, the union had also threatened to hold an indefinite strike from 5 April onwards to ask management to listen to its demands of recognising the union as the majority union. Likely impact of a strike A workers' strike at this juncture could hit Hyundai hard as the Irungattukottai plant with about 820,000-units annual capacity not only makes cars for India but for exports as well. The company shipped more than 160,000 cars overseas from this plant in FY25. The company has long been the second-largest seller of cars in India behind Maruti Suzuki. However, it has lost market share to domestic rivals Tata Motors and Mahindra & Mahindra in recent years. In fact, the two carmakers overtook Hyundai in sales last month, relegating it to the fourth position for the first time in more than a decade. While monthly sales in India's car market can be dynamic and Hyundai is likely to regain a podium place, the narrowing gap with peers in terms of sales volumes has got the company's headquarters at Seoul worried. And read | How Tamil Nadu wooed Nike, Crocs, Puma and Adidas Hyundai has a second manufacturing unit near Pune in Maharashtra, which it acquired from General Motors. The plant is undergoing renovation and is expected to be operational later this year with an annual capacity of 170,000 cars. The company's shares closed 1.16% lower on the BSE at ₹1,907.05 on Thursday. The stock has failed to sustain above its issue price of ₹1,960 since making its public markets debut last October amid stagnant sales and shrinking market share.


Hindustan Times
a day ago
- Hindustan Times
‘Great Nicobar Trunk rd will spur jobs, but sacrifice trees'
New Delhi: The Trunk Infrastructure Road that will cut through Great Nicobar Island (GNI) and connect all villages on it, will lead to large scale employment, facilitate business and also make 'unconnected areas on the route prosper,' the draft social impact assessment (SIA) study for the project claimed. The draft, published on A&N administration's Directorate of Social Welfare website this week added that a large number of trees will need to be felled for the road and that tribal populations of Shompen and Nicobarese have agreed to land diversion for the road. 'As per the project report, there was no alternative location for the proposed Trunk Infrastructure Road Project which would involve less land acquisition,' the draft SIA said. 'The Trunk Infrastructure Road will link all villages in GNI , making movement of people and goods smoother. Better connectivity of all the villages will lay the foundation for large scale employment opportunities for the local people along with development of the area. It will facilitate business activities and will contribute towards all the villages and the hitherto internal and unconnected areas on the route to prosper. Moreover, the upcoming Green Field International Airport, International Container Transhipment Terminal (ICTT), Township Development, etc., will also require a proper road network for its proper functioning,' the report stated. The road through the island is part of an ambitious effort to develop it as a logistics hub, with an airport, container terminal, township, and power plant, at a total cost of ₹81,834.22 crore. The draft SIA , prepared by Ranchi based Atlas Management Consultancy Services Private Limited, also claims that the Shompen and the Nicobarese, the two tribal groups who reside and forage different parts of the island, have agreed to land diversion for the trunk road. 'These people from the tribal community had their opinion on the way they wanted to lead their lives. The Nicobarese were more affable in comparison to the Shompens. However, like their other non-tribal counterparts, people from these tribal communities stated that they were not averse to any development work in the island, including the proposed Trunk Infrastructure Road (main road and subsidiary roads) Project. As such, they preferred to settle along the coast line and for that they also used the present road network in the island,' the draft SIA added. It also claims that the road project will not impact their way of life. 'As none of the proposed roads were infringing on their way of life, they expressed support for the Trunk Project. They said that so long as living in the jungle in a natural surroundings, hunting and fishing was not adversely affected, they had no objection,' it said. The SIA has been conducted only for six revenue villages where private land is proposed for acquisition. A total of 80.0302 hectares of private land was proposed to be acquired for the said Trunk Infrastructure Road Project in Campbell Bay, Govind Nagar, Joginder Nagar, Vijay Nagar, Laxmi Nagar and Gandhi Nagar. According to a a notification issued by the directorate of social welfare, A&N administration on April 11, a total of 666.44 hectares is likely to be impacted by the trunk infrastructure. 'While the report gets into great details of private land to be acquired from the six revenue villages, complete with maps, nowhere does it give out any details about the extent of the road that passes through protected areas and Tribal Reserve areas,' said a researcher who has worked in the islands. 'The authors of the report claim to have conducted detailed deliberations with Shompen and Nicobarese but the Chairman of the Tribal Council is not aware of any of it. It says that none of the areas to be acquired are individually owned by the Shompen and Nicobarese, but that is because they each have their unique traditional land ownership systems which are supposed to be protected by the Andaman and Nicobar Islands (Protection of Aboriginal Tribes) Regulation and the Forest Rights Act,' added this person, asking not to be named. Anthropologists have cautioned that such a road project needs the consent of tribal communities and forest dwellers such as the Shompen and the Nicobarese who are likely to be impacted by it. 'It's important to understand how such a multi-infrastructure project impacts the Nicobarese and the Shompen. We know that the Andaman trunk route had a huge impact on the Jarawas, exposing them to several negative sides of tourism and access. Such a trunk route could erode the Shompen culture. If at all, a road can connect the Nicobarese and Shompen villages because they have a symbiotic relationship. It's also very important to have the actual consent of these tribal communities,' Anstice Justin, a Nicobarese anthropologist based on Port Blair said in May when HT reported that the Andaman and Nicobar Administration had invited financial bids to conduct a social impact assessment for land proposed to be acquired for the Trunk route. 'This is a draft report. Normally, 21 days time is given for public comments. All community members have been consulted,' said an office bearer of Atlas Management Consultancy Services. The draft SIA concludes that 'without any doubt t, the proposed acquisition of 80.0302 hectares of private land for the construction of the Trunk Infrastructure Road is beneficial to all stakeholders with minimal net adverse bearing on cost to any of them, if adequate and timely compensation is imparted to all the deserving stakeholders.' 'In the name of infringement on native and tribal life and exploitation of resources, the people of GNI cannot be abandoned to the vagaries of nature and left uncared for, to suffer impoverishment, deprivation and exploitation,' the report concluded. The A&N administration did not respond to queries from HT on how it plans to minimise the impact of greater exposure, tourism and traffic on the Shompen and Nicobarese. The Nicobar Islands fall within the Sundaland Biodiversity Hotspot, covering the western half of the Indonesian archipelago. Bhupender Yadav, union environment minister said in August last year that 'exemplary mitigation measures' have been incorporated in the Great Nicobar Holistic Development project to minimise the environmental impact of the project, 'keeping the strategic, national and defence interests' in mind.