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.
We have already seen bigger names like Mercedes, BMW and Honda providing top notch safety facilities and now Hyundai is upping the ante as well.
'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.'
koda Auto India is set to drive in a new car by the first half of next year to reach its target of 100,000 unit annual sales in the country by 2026. The compact sports utility vehicle (SUV) will be positioned against the likes of Maruti Brezza, Hyundai Venue, and Kia Sonet, and would be competitively priced, a senior company official said. koda will also export the car to right-hand-drive markets like Australia, New Zealand and the Asean nations.
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.
The automatic transmission is now available on the mid-level Verna 1.6 petrol SX AT and the Verna 1.6 diesel SX AT.
The car is a stunner and has been launched with both automatic and manual transmission variants.
Maruti recorded a 13.12% year-on-year surge in average revenue earned per car in 2023 compared to M&M's 7.56%, Hyundai's 6.76% and Tata Motors' 1.88%.
The petrol versions of the car are priced between Rs 5,05,000 and Rs 6,66,000.
The internet is abuzz with sightings of the next generation Hyundai i10 in Europe.
HYUNDAI I20 ACTIVE is fully loaded with features and has two well-refined engine options.
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
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
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.
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.
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.
Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country. Overall passenger vehicle dispatches last month stood at 340,784 units, a growth of 3.67 per cent compared with 328,710 units in June 2023.
The Grand i10 AT competes with hatchbacks such as the Maruti Ritz AT, Honda Brio AT and Nissan Micra CVT.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
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.
'The decrease in the popularity of white cars and the rise in preference for darker colours like black, grey, and blue over the past three years reflect changing consumer attitudes.'
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 car starts at Rs 4.66 lakh.
Hyundai's Grand i10 jostled with Maruti's Swift, making space for itself in a sub-segment that is witnessing growth.
It is as different as chalk and cheese when you step inside the cabin of all these cars.
'The Indian govt's initiatives on EVs are very strong and customers want to buy EVs. This will make the country's conversion to EVs faster than other markets, and I hope even faster than the US'
Hyundai has managed to maintain this 20 per cent share even though competition has become fierce
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.
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".
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.
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.
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.
Apart from pricing it attractively, Hyundai has taken enough precaution to see that EON's quality, at no point, has been compromised.
Fascinating cars the Korean auto giant is working on. These have technologies such as eye-tracking, gesture-based control and self-healing paint.
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.
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.
