Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 153,149 units in December 2021 as against 160,226 units a year ago.
Facing capacity constraint, firm is yet to take a call on setting up a new manufacturing unit in India.
The Creta is more sure-footed than previous cars from the Korean firm. Ride quality is good, there is no bouncy feel and the pothole ridden Mumbai roads aren't as bad in the Creta as they are in other cars.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
Though both brands belong to the same parent company, Hyundai has issued strict directives to dealer partners to withdraw their applications
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
Maruti's Alto retained the top position in June with 14,856 units, as against 15,750 units in June last year.
The Grand i10 gets Hyundai's new Fluidic styling and details.
The car was launched more than 10 years ago and is an asset that built Hyundai's credibility.
In the ongoing tug-of-war for supremacy in the Indian car market, Hyundai blinked first by withdrawing 'temporarily' its advertising brochure 'Xing ahead of the Swift' in response to a legal notice served last week.
In the US, the Hyundai i30 is marketed as the hatchback version of the Elantra sedan.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors reported decline in wholesales in August as the companies curtailed vehicle dispatches amid drop in demand and to cut inventories at dealer level. Market leader Maruti Suzuki India said its total domestic passenger vehicle wholesales were at 143,075 units last month as compared to 156,114 units in the year-ago month, registering a dip of 8 per cent. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago.
A door lock problem forced Korean carmaker Hyundai to announce the recall of over 47,000 units of its premium sedan Sonata from its home market and the US. However, the move has no impact in India.
Hyundai Motor India has started a scheme to give central and state government employees a special discount on purchase of its vehicles.
The company will showcase the Ioniq electric vehicle at the Auto Expo that begins next week.
Localisation for present-generation Hyundai cars will also rise from the average 85-90 per cent.
The two-acre office complex under construction on the outskirts of Delhi will be home to about eight hundred company executives. Special care is being given to air purification and the building will be equipped with a three-stage air filter system.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
Offered with a 1.8-litre petrol and a 2.0-litre diesel option, the Elantra had a lot going for itself -- decent performance, good space, fairly reasonable dynamics and a good price tag.
Food delivery app Swiggy on Wednesday launched a Rs 11,330-crore initial share sale, asking investors to take a pie of Indian middle class' rising propensity of online ordering. The company, which is present in over 650 cities and towns of the country, is launching the initial public offering (IPO) amid heightened concerns on urban demand slump, and the management stressed that it is unaffected by the broader trends in the economy. "We are also reading about it, but we are not seeing that yet in the business... So far, we have not seen the impact of demand on our business," its chief financial officer Rahul Bothra said.
It plans to introduce a total of eight products in the country in 2017-20, of which three will be completely fresh while the rest will be new versions of the existing ones
Tata Motors, Ford, Nissan, Maruti Suzuki, Toyota Kirloskar, BMW, Renault and Isuzu have also announced price hike from next month citing impact of increase in commodity prices and foreign exchange rates.
Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.
While MSI's price cuts range between Rs 8,502 and Rs 30,984 across its models, Hyundai has slashed prices by between Rs 10,000 and Rs 135,300.
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
Hyundai has started to build one of two new factories planned for China.
New Hyundai Verna 2017 is powered with a choice of 1.6 L petrol engine (Dual VTVT, 121.3 bhp) and 1.6 L diesel engine (U2 CRDi VGT, 126.2 bhp).
The Hyundai Elantra is a well-known name in India, thanks to the striking design language used both the times it was introduced in the country, i.e. in the year 2000 and later in 2012. Now Hyundai has decided to launch the sixth generation car in India to re-capture the D-segment sedan throne. Indian automotive website MotorBeam.com got its hands on the car and decided to run the classy sedan through its paces.
Hyundai Motor India Ltd has launched a public charitable trust to support a variety of social initiatives.
Korean car maker, Hyundai Motor India would launch its 'Always Around' campaign for the fourth consecutive year from May 23.
It's not only the Indian markets that command a valuation premium over their global peers; shares of subsidiaries of India-listed multinational companies (MNCs) also trade at rich valuations compared to their parent companies. An analysis of 12-month forward price-to-earnings (P/E) and price-to-book (P/B) multiples of domestically listed MNCs shows that most quotes have a premium ranging from 2.1x to 6x that of their parent. Similarly, P/B, in most cases, is significantly higher in the domestic market.
Future and concept cars at the New York International Auto Show.
Hyundai's entry-level Santro still packs a punch but, flanked by spunkier siblings, seems worn out.
Lineup includes a family compact car, hybrid, SUV and others.
Hyundai Motors India on Thursday said it will raise the prices of its premium hatchback model 'Getz' by the end of this month.
Hyundai Motor India has received a faxed communication dated November 19 from the unrecognised union stating that they will resort to direct action from December 5.
The 17-day strike by workers at Hyundai Motor India's Sriperumbudur factory ended after a meeting of workers' representatives, the company management and the labour board in Chennai.
"We have given a notice...If we don't get any positive action from Hyundai management or from the labour department, we will fix the date for going ahead with a strike after December 5," CITU state general secretary A Soundararajan told PTI.
Overall, we feel that the Hyundai Elantra is a very good car for people who aren't into aggressive driving but for those who want refinement and comfort along with a long list of features and a pleasant driving experience.
