Hyundai Commits to Production of Electric and Autonomous Cars, To Spend $17bn in the Next Six Years

Hyundai to spend $17bn in the next six years to produce electric and autonomous cars.  

 

EXPANSION

Hyundai commits to produce electric and autonomous cars, to spend $17bn in the next six years

In a bid to transform itself into a producer of electric and autonomous cars, South Korean-manufacturer Hyundai Motor Co is set to spend $17bn over the next six years on new technology.

 

If successful, the plan should create a more profitable business with a global market share of 5 per cent in 2025, up from 4 per cent in 2018, the company said. Hindu BusinessLine

Wipro acquires South African personal care company Canway.

Wipro Consumer Care and Lighting (WCCL), the consumer care business of software provider Wipro has acquired South African personal care maker Canway Corporation. 

 

The transaction, the deal size of which was undisclosed, is now subject to the approval of regulatory authorities. 

 

The deal is expected to give Wipro Consumer a greater access to South Africa which is the largest personal care market in Africa, and where it already has a small presence in South Africa with flagship soap brand Santoor. ET FMCG

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