Eye on EV market: Hyundai, Kia add $300 m to Ola money

Hyundai, Kia Motors invest $300M in Ola as part of company's push into electric vehicle segment
Hyundai & Kia will collaborate with Ola to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market

South Korean automobile major Hyundai Motor on Tuesday said it is investing $300 million in ride-hailing service provider Ola, identifying India as the centrepiece in its strategy to gain leadership in global mobility market.



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