B V R Subbu, the president of car major Hyundai Motors India Ltd, has resigned from the company.
Eon wins in design and style. Alto is powerful and cheaper.
Volkswagen Passenger Cars is targeting a volume sales growth of about 15 per cent in the country in 2024, even as it expects the Indian passenger vehicle (PV) industry to grow by 5-7 per cent in the current year, its India brand director, Ashish Gupta, said on Thursday. This means the company is expecting to grow 2-3 times faster than the Indian PV industry in 2024. But globally, the German automaker is expecting just 3 per cent rise in sales this year, down from 12 per cent last year.
Hyundai Motor India Ltd on Wednesday launched a new version of its premium compact car i20 priced between Rs 4,52,000 and Rs 7,48,000, while adding two more variants to its existing range.
Hyundai Motors on Wednesday enhanced its product portfolio in India by bringing in Tucson, its latest sports utility vehicle.
The slowdown in the Indian automotive market has resulted in its first major casualty, with the country's second largest car-maker Hyundai Motor shelving a plan to set up a diesel engine manufacturing plant at an investment of Rs 400 crore (Rs 4 billion).
It has a feature rich cabin, well appointed interiors and competitive price tag.
Hyundai Motors India Ltd on Wednesday said the company would invest up to $600 million for product development and capacity expansion.
The Kolkata golfer fired a superb eight-under 64 to grab a two-shot lead at the half-way stage of the Hyundai-TNGF Open 2005.
Sales of recently launched Grand i10 and Xcent jump even as those of competing models drop in past two months.
India's second-biggest carmaker Hyundai Motor India on Friday said its sales surged 13.4 per cent in May 2004.
The premium midsize segment (Rs 6.5-10 lakh) has always been a tricky one for all car manufacturers.
The curious case is of Honda, which has moved up the pecking order while actually losing market share!
India's second-biggest carmaker Hyundai Motor India on Tuesday said its sales soared 109 per cent to 15,508 units in February 2004.
The auto industry body has been lobbying hard with the government for extension of the reduced excise rates.
The festive season is the time when car manufacturers offer major discounts and freebies to lure customers and Hyundai has decided to cash in on the occasion with Eon.
Prices across all models starting from Eon to Santa Fe has been hiked in the range of Rs 15,000 to Rs 127,000
Defending champion Mukesh Kumar and Ashok Kumar returned identical cards of four-under 66 each to forge ahead of the rest of the field on day 2.
Hyundai Motors India Ltd has sought to amend its original petition filed before the Monopolies and Restrictive Trade Practices Commission to include posters and pamphlets in the purview of its prayer.
The New Year will begin on a costly note for car buyers with major players, including Maruti Suzuki, Hyundai Motors and General Motors, planning to increase prices of the vehicles by as much as Rs 12,000.
This i20 automatic promised the prowess of the original with a more comfortable transmission. Did it match up? I find out.
However, the company's cumulative sales (including exports) in November were up by 48.89 per cent to 43,105 units compared with 28,950 units in the year-ago period, HMIL said. Its exports for the month rose by nearly three-fold to 28,500 units, the same stood at 9,898 units during the same month in 2007.
Hyundai Motor India, the country's second-largest passenger car manufacturer, may introduce more luxury cars in India, president Ashok Jha told Business Standard at the launch of the compact car, the i10, in Pune.
The firm, which has operations in India through a wholly -owned subsidiary, Hyundai Motor India Ltd, will manufacture the car, which will be smaller than the Santro, at its plant in Chennai.
Similar to its predecessor i-10, the i-20 will be manufactured exclusively in India and exported to other countries. The i-20 model, which will come in many variants, is expected to be priced anywhere between Rs 5-6 lakh. The i-20 is likely to be equipped with an automatic gear box to facilitate convenient driving.
Hyundai Motor India on Monday said its vehicles sales grew by 27.4 per cent in October 2003 to 13,297 units as demand for its compact car Santro and mid-size model Accent continued to increase.
It has refreshing new design and feature rich interior.
Verna is loaded with features, classy desing but handling could have been better.
Hyundai Motor India, India's second-biggest carmaker, on Monday said its car sales surged by 46.8 per cent in August to 14,436 units on higher domestic demand and exports.
In what signals an emerging battle among small car manufacturers, Hyundai Motors India Ltd has asked the country's apex auto association to act against moves by "some pressure groups" to change the definition of a small car.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
Hyundai has also decided to phase out Getz looking at the growing demand for i20.
Apart from this, the company will roll out its SUV Santa Fe in October this year which will carry a price tag between Rs 20 lakh (Rs 2 million) and Rs 22 lakh (Rs 2.2 million) a unit.
Car major Hyundai has announced a price hike prices across models, including recently launched Verna, between 1 to 1.5 per cent.
"They (Mahindra Renault) are planning to launch Sandero, which is very similar sounding to our Santro. Both are hatchbacks and Santro is an established trademark and they are trying to get mileage out of it," a senior HMIL official said.
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 391,472 units, up 16 per cent from 336,679 units in the same month last year. Last month witnessed the highest-ever dispatches of passenger vehicles in the domestic market by Maruti Suzuki India and Mahindra & Mahindra.
Maruti Suzuki India said its domestic sales rose 10.6 per cent in May.
