Hyundai invests in Ola for mobility solutions
New Delhi, March 19 -- With the shared mobility concept gaining traction in India and other markets, South Korean automobile manufacturer Hyundai Motor Group on Tuesday announced an investment of $300 million in India's biggest cab aggregator Ola Cabs, as part of a strategic partnership between the two companies. With this deal, both Hyundai and Kia Motor Company will work with the Bangaluru based start-up for developing customized electric vehicles and charging stations appropriate for ride hailing applications....
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