Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign in with facebook
Sign In with google

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

Hyundai announces strategic partnership with Revv for mobility services

August 20, 2018, 10:51 AM IST by Venkat Desirazu
Hyundai announces strategic partnership with Revv for mobility services

Hyundai has announced a partnership with Revv, a self-drive car sharing company, for development of car sharing services as well as conducting creative marketing activities in India. The South Korean automaker’s strategic partnership including an investment with a view to creating innovative future mobility services and gaining foothold in the Indian mobility market.

Both companies have not disclosed financial details regarding the investment but in an official statement have said that the strategic investment and partnership will enable both Hyundai Motor and Revv to build competency and the technology necessary for leading the future mobility market in India; an evolving market showing exponential growth, expanding from USD 900 million in 2016 to USD 1.5 billion in 2018, and projected to expand to USD 2 billion by 2020. India’s 15,000 car sharing vehicles are expected to grow to 50,000 by 2020, and 150,000 by 2022.

Commenting on the new partnership, Young Key Koo, managing director and CEO Hyundai India said, Hyundai Motor India has been growing rapidly with its outstanding performance to become a strong market leader in India. We are just about to step forward and expand our business into the future mobility with Revv. Hyundai Motor India will build prominent system with both ‘Open Innovation’ strategy and India’s fastest growing self-drive car sharing company, Revv.” 

The mobility industry is going through a dramatic shift globally, with the bulk of the innovation still to come. We want to be at the forefront of creating innovative solutions that can meaningfully shape this shift, and Hyundai Motor will play a crucial part in this mission,” said Anupam Agarwal, Co-Founder at Revv. “Hyundai Motor is a household name in India and we are delighted to have them join us on our journey. With their deep understanding of Indian consumers and their progressive stance on tech-driven mobility solutions, this partnership will bring us closer to achieving our vision in the mobility market,” said Karan Jain, Co-Founder of Revv.

Tags:Hyundai,Grand i10,Hyundai Grand i10
Show CommentsHide Comments
Ad

Hyundai Grand i10 Price in Popular Cities

CityOn-Road Prices
Mumbai₹ 5.82 Lakhs onwards
Bangalore₹ 5.99 Lakhs onwards
Hyderabad₹ 5.84 Lakhs onwards
Kolkata₹ 5.55 Lakhs onwards
Chennai₹ 5.77 Lakhs onwards
New Delhi₹ 5.5 Lakhs onwards
  • Upcoming Cars

Ford Endeavour FaceliftFord Endeavour Facelift

22nd Feb 2019

29L - ₹ 35L
Honda CivicHonda Civic

7th Mar 2019

13L - ₹ 18L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
BMW i8 RoadsterBMW i8 Roadster

Apr 2019

2.80Cr - ₹ 3Cr
Mahindra e20 NXTMahindra e20 NXT

Jul 2019

6L - ₹ 8L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in