The 17-day strike by workers at Hyundai Motor India's Sriperumbudur factory ended after a meeting of workers' representatives, the company management and the labour board in Chennai.
"We have given a notice...If we don't get any positive action from Hyundai management or from the labour department, we will fix the date for going ahead with a strike after December 5," CITU state general secretary A Soundararajan told PTI.
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
The new variant comes with 1.4 litre petrol engine with four speed automatic transmission besides additional safety features.
Hyundai to launch its new SUV- Creta in second half of 2015 in India.
...But sales of domestic passenger vehicles dropped 2% to 3% year-on-year in August owing to low demand.
If the talks materialise, this would mark Hyundai's foray into the LNG terminal construction space in India.
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.
'The people of India have shown immense faith in the Tata group as they have never broken the trust of Indians.'
During the first eight months of CY24, 50 IPOs mobilised Rs 53,453 crore.
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 top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
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.
Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 152,156 units in the same period last year.
Shows i10 in poor light two weeks after Hyundai took swipes at Ritz.
The SUV will herald a new chapter in Hyundai's success story.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
Currently Hyundai sources only a negligible percentage of components from India for its global needs but wants to increase the level.
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.
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
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.
Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 350,257 lakh units last month as compared to 335,436 in the same month a year ago, registering a growth of 4 per cent.
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
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.
Hyundai has hit pay dirt in India's sedan market, but Honda will strike back.
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.''
'A lot of players such as Maruti and Hyundai are entering the market in the first and the second quarters of 2025.'
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.
The car it not only the most powerful four-wheel in its segment but also offers more features compared to the competitors.
Hyundai Motor India Limited (HMIL) is planning to expand its used car business to all the existing dealerships in the country.
