The company's new engine and transmission plant in Chennai, set up at an investment of $250 million, would have a capacity of 2.5 lakh units per annum. Overall, the company has invested $421 million on the Kappa project over a period of 48 months.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
The Grand i10 AT competes with hatchbacks such as the Maruti Ritz AT, Honda Brio AT and Nissan Micra CVT.
The Hyundai i10 has always been a sweet deal and considering all the bells and whistles that the new car comes with, we can only say that the deal just got sweeter.
Korean auto major Hyundai Motor Co on Thursday launched entry level compact car Eon that has been developed specifically for the Indian market, at an introductory price of between Rs 2.69 lakh (Rs 269,000) and Rs 3.71 lakh (Rs 371,000), ex-showroom Delhi.
Close on the heels of Nokia announcing its plans to set up a plant in India, Hyundai India Telecom Ltd on Friday said it will set up a manufacturing unit and R&D hub in India.
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
Hyundai Motor India Limited head H S Lheem will meet Prime Minister Manmohan Singh on Monday to discuss issues concerning HMIL, which is the single largest Korean investor in India
Hyundai's Grand i10 jostled with Maruti's Swift, making space for itself in a sub-segment that is witnessing growth.
The car starts at Rs 4.66 lakh.
Hyundai Motor India Limited, a wholly owned subsidiary of Hyundai Motor Company S Korea, is investing an additional $220 million to expand the capacity of company's Chennai plant, a top company official said on Friday.
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the Ministry of Road Transport and Highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
It is as different as chalk and cheese when you step inside the cabin of all these cars.
The country's second largest carmaker, Hyundai Motor India, on Friday said it is cutting production by 25 per cent and will work two shifts instead three from the next week following a slump in demand.
Let's see if Liva can live up to the expectations of the hatchback buyers and what will woo them to buy it as compared to Maruti Suzuki Swift, Hyundai i20, Ford Figo, and others.
The hydrogen-powered vehicle is available for lease in Los Angeles and Orange Counties of Southern California.
Hyundai has managed to maintain this 20 per cent share even though competition has become fierce
Hyundai Motor India, the country's second largest car maker, on Friday said its plan for launching a small car in the Indian auto-market is "well on course".
Fascinating cars the Korean auto giant is working on. These have technologies such as eye-tracking, gesture-based control and self-healing paint.
Apart from pricing it attractively, Hyundai has taken enough precaution to see that EON's quality, at no point, has been compromised.
Sunil Pahilajani, managing director and CEO, Caparo India, said that the plant, which will operate as a wholly-owned subsidiary of Caparo India, under its division Caparo Vehicle Products India, will commence production in the final quarter of 2008-09. Caparo signed the technical support agreement with Hyundai Motor on Monday evening. The facility to be set on 20 acres will employ 200 people to start off with.
The plant will double the company's production capacity to 6 lakh cars per annum and strengthen its Indian operations as a global manufacturing hub for Hyundai's small cars. The second plant, which has been developed adjacent to the first plant, was inaugurated on Saturday by Tamil Nadu Chief Minister M Karunanidhi.
After more than two years, Tata Motors has dislodged Korea's Hyundai Motors in India from the second spot in monthly domestic passenger vehicle sales. The spurt in Tata's June numbers has primarily been due to a dramatic increase in sales of the Nano, after the mother plant at Sanand in Gujarat went onstream last month, as well as a surge in that of the Indigo.
Hyundai Motors finally launched their much anticipated Sports Utility Vehicle (SUV) Santa Fe in the Indian market just as the festive season kick started.
Disappointed with dismal sales of its top end premium sedan Sonata, Hyundai Motor India Ltd will launch a diesel variant of the model this October, while it is readying to introduce a CNG driven small car by early next year.
The export of the cars would commence next year, M Inderjith, vice-president (productions), Hyundai Motor India Ltd, said speaking at the launch of 'i10' in Coimbatore on Monday night. i10 recently made its world debut in New Delhi. India would be the sole production and export hub of the car.
India's biggest car maker Maruti Udyog Ltd on Monday said it would also increase the prices of its cars following suit of its nearest rival Hyundai, which announced hike in prices of its two models Getz and Accent to be effective this week.
H S Lheem, president and chief executive officer of Hyundai WIA, part of the Hyundai Motor Group, announced commencement of the company's first plant in India near Sriperumbudur in Tamil Nadu, in which it's injecting a investment of $4 million.
The balloons, streamers, stars and flowers are all over. Workers ready cars for delivery -- there are number plates to screw in, wheels to polish and accessories to fit.
Hyundai Motors India, which last year gifted 100 cars to Chennai City Police, plans to donate furniture to needy schools across Tamil Nadu as part its community development programme.
Hyundai is all set to launch its Sports Utility Vehicle Santa Fe in the Indian market this festive season.
Sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno increased by 4.1 per cent to 50,362 units
Hyundai Creta, the new challenger, might just force its rivals to change their strategy.
The facelifted Elantra is a loaded with features and will give it tough to rivals.
HMIL sells a range of vehicles starting from entry-level small car Eon to premium SUV Santa Fe, which are priced between Rs 325,000 and Rs 31.75 lakh
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