The car is expected to hit the road on October 23 and is being launched as Hyundai celebrates two decades in the country. Industry sources say that it will be priced at Rs 3,70,000 to stay competitive with its biggest competitors, Tata Tiago and Maruti Suzuki Celerio.
Ruural markets contribute a significant chunk of SUV sales and there was a slowdown in demand from semi-urban and rural areas.
During floods in Kolkata, the roads were strewn with stalled Santros, engines filled up with water.
Young Key Koo, managing director, Hyundai Motors India, said SUV was the right product for India
The meltdown in Dalal Street that wiped out investor wealth to the tune of 44 trillion in 2025 also seems to be having a ripple effect on the country's vibrant automobile retail sales.
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
Mahindra is coming up with the Thar Roxx. MG Motor India announced a third electric vehicle Windsor. Hyundai and Kia are expected to introduce updated versions of the Alcazar and Carnival respectively.
It is not just the secondary market that is witnessing a revival in fortunes. Even the initial public offering (IPO) market have roared back to life, with investors submitting bids worth over Rs 2.2 trillion on the three IPOs that wrapped up on Friday. Fashion retailer Vishal Mega Mart (VMM)'s IPO (fifth largest of the year) garnered 27.3x subscription, with bids exceeding Rs 1.6 trillion.
She was simply perfect in Rahul Mishra's modern rendition of the sari.
'We are seeing one of the highest discounts in recent years across companies.' 'October is a crucial month with several festivals coming up.'
She checked some major fashion boxes with her party-ready separates.
Food delivery and quick-commerce major Swiggy, which is coming out with its initial public offering (IPO) on Wednesday, is seeking a valuation of about $11.3 billion. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will comprise a fresh issue of shares worth Rs 4,499 crore along with an offer for sale (OFS) of Rs 6,828 crore. Swiggy has set a price band of Rs 371 to Rs 390 per share for its maiden public issue.
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.
Amid slowing volume sales among India's major automakers, Toyota Kirloskar Motor (TKM) has defied the trend with strong growth, driven by demand for hybrid vehicles and a reliable product line up. The company expects this momentum to continue in 2025. "The overall response to our cars has been fabulous. So, we foresee the same momentum in 2025 as well," Sabari Manohar, vice-president, sales-service-used car business, TKM, said.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
They gave the audience a masterclass in wearing black.
Though both brands belong to the same parent company, Hyundai has issued strict directives to dealer partners to withdraw their applications
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.
Maruti's Alto retained the top position in June with 14,856 units, as against 15,750 units in June last year.
Auto majors report positive sales figs for November.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
The Grand i10 gets Hyundai's new Fluidic styling and details.
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.
The car was launched more than 10 years ago and is an asset that built Hyundai's credibility.
In the US, the Hyundai i30 is marketed as the hatchback version of the Elantra sedan.
As Designer Isha Jajodia's showstopper and muse, she looked like a fairytale princess.
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.
Automobile exports from India in the first six months of the current fiscal year rose 14 per cent year-on-year, led by gains in shipments of passenger vehicles and two-wheelers. According to Siam data, the overall exports in the April-September period stood at 25,28,248 units, up 14 per cent as compared with 22,11,457 units in the year-ago period. "Key markets like Latin America and Africa, which had slowed down for various reasons, have bounced back.
Localisation for present-generation Hyundai cars will also rise from the average 85-90 per cent.
The company will showcase the Ioniq electric vehicle at the Auto Expo that begins next week.
The duo, who walked for Designer Gaurav Gupta at the Hyundai India Couture Week, looked so natural and effortless together, especially when Vedang drew Khushi into a cute side hug.
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.
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.
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.
The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
Prices of various car models -- ranging from entry-level hatchbacks to high-end luxury offerings -- are set to rise as automakers have announced price hikes with effect from January. Carmakers cite an increase in input costs and operational expenses as the main reason to implement price increases from the next month. Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units.
