Besides making India its global small car hub and increasing the R&D headcount by four fold, the company would start exporting its engines from the Chennai plant from next year.
Why is Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, not worried about the competition?
Hyundai Motor India Ltd will hire NRI's and expatriates in executive positions as part of a new recruitment policy that aims at tapping global talent in the automotive industry, the company said on Tuesday.
Auto major, Hyundai Motor India, on Thursday said that it would be increasing the prices of its products by up to 1.2 per cent across all models, from September 1.
IPOs worth Rs 50,000 crore including Hyundai, NTPC Green Energy and Swiggy are set to hit the market in late October or early November.
The Eurozone crisis is likely to bring down Hyundai Motor India's exports to 2.25 lakh cars this year against 2.47 lakh last year, a top company official said.
The company had rolled out the first car -- a hatchback Santro -- from the Sriperumbedur facility in September 1998.
The company has so far sold about 15 lakh (1.5 million) units of Santro in the country. The new model under Santro Non-Ac are priced at Rs 2,63,000, while Santro GL and GLS are priced at Rs 3,28,000 and Rs 3,48,000 respectively. The LPG variant of Santro GL is priced at Rs 3,49,000, whereas the LPG variant of Santro GLS is priced at Rs 3,69,000.
Hyundai Motor India also plans to raise its sales in the overseas market this year.
The company, which is slated to introduce a new compact car later this year, is also mulling taking on Maruti Suzuki's Dzire and Honda Cars India's Amaze with a new sub-four metre sedan.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
The company, which on Monday became an official partner for International Cricket Council, will also be spending Rs 200 crore (Rs 2 billion) in the next five years on advertising and promotions.
Young Key Koo, managing director, Hyundai Motors India, said SUV was the right product for India
Retail sales of electric passenger vehicles (ePVs) nearly doubled in July 2025, surging 93 per cent year-on-year (Y-o-Y) to 15,528 units, even as overall passenger vehicle (PV) retail volumes declined marginally. In contrast, electric two-wheeler (e2W) sales dropped by 4.3 per cent to 102,973 units, according to the Federation of Automobile Dealers Associations (Fada) data.
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.
The changes will take effect on March 28, with portfolio adjustments expected before the market closes on March 27.
A strong demand for diesel SUVs has bumped up the contribution of these variants to Hyundai Motor India's sales to a three-year high, a company top official told Business Standard. The local arm of the South Korean carmaker has benefitted after some leading manufacturers - including car market leader Maruti Suzuki - pulled the plug on diesel models amid tightening regulations. Hyundai has also gained from the changing travel preference -people are frequenting getaways and taking to the road a lot more than what they did before the pandemic. This trend has been fuelling overall SUV sales.
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.
While Maruti held the top spot for four decades, the Ambassador was the best-selling car in post-Independence India for three decades.
Maruti Suzuki India and Hyundai reported single-digit sales growth in July with the sports utility segment continuing to drive overall demand in the market. Mahindra & Mahindra witnessed a 29 per cent increase in passenger vehicle dispatches while Tata Motors saw a marginal increase in the wholesales last month. Maruti Suzuki on Tuesday said its total domestic passenger vehicle sales stood at 152,126 units last month as compared to 142,850 units in the year-ago month, a growth of 6 per cent.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Friday reported robust sales for February as demand for sports utility vehicles continued to remain strong. Mahindra & Mahindra, Toyota Kirloskar Motor and Honda Cars also witnessed higher vehicle dispatches to dealers last month. February turned out to be the third-best month for sales for the industry ever.
Legal battles initiated by 1,000-odd former employees of the Talegaon plant continue to present a challenge for the acquisition process.
Hyundai Motor India on Thursday said it would be launching a "new generation" model of its mid-size offering 'Accent' in the Indian market around the latter part of 2006 for which it would be investing close to $130 million.
The new variant comes with 1.4 litre petrol engine with four speed automatic transmission besides additional safety features.
The calendar year 2024 is set to go down as the best year for initial public offerings (IPOs) in terms of funds raised. Following the IPOs of food delivery major Swiggy and two other companies slated for next week, this year's total will reach nearly Rs 1.2 trillion, going past 2021's record tally of Rs 1.19 trillion. Swiggy's Rs 11,327 crore IPO, the sixth-largest in India, and solar energy firm Acme Solar Holdings' Rs 2,900 crore IPO opened on Wednesday (Nov 6), while health-tech firm Sagility India's Rs 2,106 crore IPO opened a day earlier.
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined Rs 20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras Healthcare, and investment bank DAM Capital Advisors are also among the companies planning to launch their IPOs in December, they added. The companies aim to raise a total of Rs 20,000 crore through their public offerings.
When mounted on a vehicle, the scooter is charged automatically using electricity produced while driving, ensuring that the user can complete their journey seamlessly, using the e-scooter to reach their final destination after parking the vehicle.
A door lock problem forced Korean carmaker Hyundai to announce the recall of over 47,000 units of its premium sedan Sonata from its home market and the US. However, the move has no impact in India.
Shows i10 in poor light two weeks after Hyundai took swipes at Ritz.
Saxena, who has been working in Hyundai since 2006, is likely to join Volkswagen's Indian operations, sources said.
Petrol variants of the car are priced between Rs 6.38-7.09 lakh.
Commenting on the company's performance, HMIL managing director and chief executive officer, BS Seo said: "We surpassed our targets of selling 4 lakh vehicles in the domestic market by adding new products like Xcent, Elite i20 and Santa Fe to our robust product portfolio."
Maruti's Alto retained the top position in June with 14,856 units, as against 15,750 units in June last year.
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.
Toyota, Mercedes Benz and BMW, have announced a hike already.
Hyundai currently sells hatchback models Santro, i10, Getz along with sedans Accent, Verna, Sonata Embera in the country. The company's move to hike prices follows rival Maruti Suzuki India, which hiked prices last week across various models between Rs 1,000 and Rs 18,000.
Hyundai Motors India on Thursday said it will raise the prices of its premium hatchback model 'Getz' by the end of this month.
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.''
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.
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