Hyundai had signed a wage settlement on Thursday with a pay rise of 21-24 per cent over a three-year period. HMIEU had earlier gone on strike from April 20 to May 7 saying the management had not recognised the Union and had dismissed 80 employees, suspended 20 workers and transferred nine employees. The strike was called off after the meeting held by the labour commissioner on May 17.
Hyundai may join the battle in the sub-compact car market in India after Tata Motors introduces its Rs 100,000 car.
Top carmaker Maruti Udyog will give freebies of up to Rs 28,900 on its two car models this week to counter a similiar offer by arch-rival Hyundai.
Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 334,537 units in May 2023.
Passenger vehicle sales are expected to experience muted growth in the current financial year.
New campaigns rev up their marketing pitch, while new challengers such as Tata Motors with the Zest promise to put up a spirited fight
The move will result in around 25 per cent reduction in overseas shipments from the company's Chennai plant this year at 190,000 units compared to 253,000 units last year.
The SUV will herald a new chapter in Hyundai's success story.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Friday reported robust sales for February as demand for sports utility vehicles continued to remain strong. Mahindra & Mahindra, Toyota Kirloskar Motor and Honda Cars also witnessed higher vehicle dispatches to dealers last month. February turned out to be the third-best month for sales for the industry ever.
Shows i10 in poor light two weeks after Hyundai took swipes at Ritz.
This car has been codenamed H800 and is also called Hyundai HA and it will take on Tata Nano, Maruti Alto and New Maruti 800.
Currently Hyundai sources only a negligible percentage of components from India for its global needs but wants to increase the level.
The automaker was found to have engaged in anti-competitive practices.
The company plans for a small car, a compact SUV and an MUV.
The company sold 62,515 vehicles in December 2007 which includes 4,114 units of exports
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
Korean auto major Hyundai is set to diversify its business presence in the country by launching separate divisions through its in-house advertising agency -- Innocean Worldwide.
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
With its fluidic design, Santa Fe looks and powerful engine under the hood, Hyundai Creta is quite an interesting SUV
The CNG Santro (XK, non-AC) has been priced at Rs 325,361 (ex-showroom, New Delhi). Prices of its other variants of CNG Santro were not immediately known.
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
'IPOs have performed exceptionally well, with a notable increase in average ticket size from Rs 800 crore in the last financial year to around Rs 1,300 crore in this financial year.'
Hyundai has hit pay dirt in India's sedan market, but Honda will strike back.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
Hyundai's Grand i10 is a different vehicle, not a mere extension of i10.
The Korean company has sold over 1.36 million cars and has exported 535,000 units.
A section of employees of auto-maker, Hyundai Motor India went on a flash strike at the company's production unit at nearby Sriperumbudur on Monday, demanding reinstating over 60 employees dismissed last year on grounds of ''unruly practices.''
The car it not only the most powerful four-wheel in its segment but also offers more features compared to the competitors.
Within the first 15 days, it has hit the tarmac with 5,000 units, some 2,000 of which were logged in the first five days alone.
Hyundai Motor India Limited (HMIL) is planning to expand its used car business to all the existing dealerships in the country.
Fit and finish is next to faultless for the price, but we did find a few hard plastics on the steering and a few switches that felt out of place
Pakistan is allegedly working on an offensive chemical and biological warfare program with the help of its 'all-weather friend' China.
Hyundai Motor India on Thursday said it had concluded a three-year wage agreement with its workforce, paving way for an increase in their salaries.
It seems the Korean carmaker Hyundai Motors has pulled up its socks to conquer every bit of premium car segment.
Last week, rival and market leader Maruti Suzuki India had raised the prices of its various models, except Alto, by up to Rs 7,500 citing a sharp increase in input costs with immediate effect.
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
According to the company's business plan for 2013, the company said its plant at Chennai is projected to have a wholesale volume of 6,33,000 units as compared to 6,41,000 units clocked last year, a decline of 1.3 per cent.
