Earlier this year, two South Korean companies announced a 300 Million dollars investment in India based, Ola Cabs. The first company is Hyundai, name the second?
Answers
Answer:
Kia Motors Corporation
Answer:
KIA motors.
Explanation:
On March 19, 2019, two large South Korean companies announced their investment in Indian based cab- hailing company Ola cabs. This investment by Hyundai and KIA motors will involve around $300 million (Rs 2,059 crore), with the sim to increase the sales of their electric vehicles.
Hyundai Motors and KIA motors are based off South Korea, with Hyundai motors being the parent company of KIA motors. This partnership will also lead to new mobility solutions with the use of the electronic cars or e-cars. Executive vice-chairman of Hyundai Motor Group, Euisun Chung said in the release, “Our partnership with Ola will certainly accelerate our efforts to transform into a smart mobility solutions provider.”