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.
So far this year, bankers have earned Rs 1,226 crore for handling 45 IPOs, which together mobilised Rs 48,363 crore.
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%.
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.
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.
Pakistan is allegedly working on an offensive chemical and biological warfare program with the help of its 'all-weather friend' China.
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.
'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
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.
The hydrogen-powered vehicle is available for lease in Los Angeles and Orange Counties of Southern California.
Hyundai Motors finally launched their much anticipated Sports Utility Vehicle (SUV) Santa Fe in the Indian market just as the festive season kick started.
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.
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.
'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.'
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 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'
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 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.'
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
Hyundai Motor India on Wednesday said its car sales grew by 21 per cent during January-June 2003 to 65,307 units, following good demand for the newly launched compact car Santro Xing.
Hyundai is all set to launch its Sports Utility Vehicle Santa Fe in the Indian market this festive season.
Hyundai Motor on Wednesday sought New Delhi's support to make India an export hub for small cars, while expressing interest to bid for a $500 million Delhi Metro contract for supply rolling stock. \n
Hyundai Motor India Ltd reported a 17.84 per cent dip in its domestic car sales for February, and said it would soon reduce the price of its high import intensity models 'Elantra' and 'Sonata'.
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.
Around 800 workers at Hyundai Motor India's Sriperumbudur factory, who were on hunger strike, were arrested on Wednesday.
Hyundai Vice President (sales and marketing) Arvind Saxena told reporters at the launch of Verna in Kolkata on Wednesday that the second plant, coming up near the existing one near Chennai, would go on stream in 2008.
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.
Although it has not announced the price bookings, sources say it could be in thousands.
Sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno increased by 4.1 per cent to 50,362 units
The Centre should provide a clear regulatory pathway that it will follow so that automobile companies can plan their investments and car launches accordingly, Venkatram Mamillapalle, managing director (MD) & chief executive officer (CEO), Renault India Operations, said on Tuesday. Renault is planning to launch five cars - including a B-plus segment sport utility vehicle (SUV), a C-segment SUV and an electric vehicle (EV) - in India in the next three years, he told reporters. In early 2022, the ministry of road transport and highways had announced that cars in India would be required to have six airbags from October 1, 2022.
Announcing its plan to set up a second plant in Tamil Nadu, a senior Hyundai official on Saturday said India would soon become a global hub of small cars.
Hyundai Motor India will launch an upgraded version of the premium sedan Sonata this week, at the same price as that of the existing model, in an attempt to boost sales of the vehicle.
