Hyundai Mobis plans $6.72 bn investment in auto chips, robotics
Technology

Hyundai Mobis plans $6.72 bn investment in auto chips, robotics

The auto parts manufacturing unit of Hyundai Motor Group, Hyundai Mobis, plans to spend around $6.72 billion in the next three years to support auto chips, mobility and other areas of future growth.

The company unveiled its plan highlighting its updated policy to promote shareholder value, including a plan to maintain the dividend payout ratio of 20-30% for FY22.

The company told the media that from its eight trillion won plan, it would spend $3-4 trillion won to boost its competitiveness in semiconductor, software and autonomous driving businesses and other areas such as urban air mobility (UAM) and robotics.

Hyundai Mobis said the remaining investment is to be utilised in capital expenditures (capex) to ensure a stable supply of core parts, including car components for electric vehicles (EVs).

The company will also spend around $330 billion to buy back its shares, from which $62.5 billion of shares will be cancelled.

Recently, Hyundai announced its sales dropped by 12% in January, compared to the same period last year amid global chip shortages.

Hyundai Motor had sold 2,82,204 vehicles in January, down from 3,21,068 units a year ago.

According to a statement, its sales in South Korea dropped by 22% to 46,205 units from 59,501 during the period, as the lack of semiconductor chips continued to affect vehicles production and sales.

Moreover, its overseas sales dropped by 9.8% to 2,35,999 from 2,61,567 amid the Covid-19 pandemic.

Image Source

Also read: Hyundai launches three special attachments with the launch of HX380L

The auto parts manufacturing unit of Hyundai Motor Group, Hyundai Mobis, plans to spend around $6.72 billion in the next three years to support auto chips, mobility and other areas of future growth. The company unveiled its plan highlighting its updated policy to promote shareholder value, including a plan to maintain the dividend payout ratio of 20-30% for FY22. The company told the media that from its eight trillion won plan, it would spend $3-4 trillion won to boost its competitiveness in semiconductor, software and autonomous driving businesses and other areas such as urban air mobility (UAM) and robotics. Hyundai Mobis said the remaining investment is to be utilised in capital expenditures (capex) to ensure a stable supply of core parts, including car components for electric vehicles (EVs). The company will also spend around $330 billion to buy back its shares, from which $62.5 billion of shares will be cancelled. Recently, Hyundai announced its sales dropped by 12% in January, compared to the same period last year amid global chip shortages. Hyundai Motor had sold 2,82,204 vehicles in January, down from 3,21,068 units a year ago. According to a statement, its sales in South Korea dropped by 22% to 46,205 units from 59,501 during the period, as the lack of semiconductor chips continued to affect vehicles production and sales. Moreover, its overseas sales dropped by 9.8% to 2,35,999 from 2,61,567 amid the Covid-19 pandemic. Image Source Also read: Hyundai launches three special attachments with the launch of HX380L

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?