So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
The new financial year started on a mixed note for car makers.
Car companies have responded to the high interest rates on consumer loans by offering attractive packages to woo back customers.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
Sales of recently launched Grand i10 and Xcent jump even as those of competing models drop in past two months.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
Passenger vehicle market leaders Maruti Suzuki and Hyundai on Saturday reported a decline in wholesales in December 2021, although homegrown majors Tata Motors and Mahindra & Mahindra reported growth, amid semiconductor shortage continuing to impact production. Other manufacturers Nissan and Skoda also reported an increase in December 2021 sales although Honda Cars India witnessed a decline last month. The country's largest carmaker Maruti Suzuki India (MSI) reported a 4 per cent fall in wholesales to 153,149 units in December 2021 as against 160,226 units a year ago.
Hyundai Motor India said on Tuesday it will hike prices of its cars across all models between 2.3 per cent by January 2008 owing to rising input and freight costs. The official said the price rise was due to the rising input costs and freight cost. HMIL's product range starts from the flagship Santro, the base model of which is priced at Rs 2,70,000, while its top end Sonata Embera is priced at Rs 15,71,000.
The country's largest car exporter launched the iGen i20 in both petrol and diesel variants, carrying a total of 12 variants.
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.
Country's largest carmaker Maruti Suzuki India (MSI) on Monday reported 8.7 per cent increase in total sales in February.
Auto majors report positive sales figs for November.
This will help the company cater to markets in the European Union, while availing of the tax incentives there.
Fundraising by Indian companies through equity and debt reached an all-time high in the financial year 2024-25 (FY25), according to data collated by primedatabase.com. Fundraising through debt stood at Rs 11.1 trillion in FY25, including contributions from InvITs (infrastructure investment trusts) and REITs (real estate investment trusts).
Hyundai Motors on Wednesday enhanced its product portfolio in India by bringing in Tucson, its latest sports utility vehicle.
The Korean company has sold over 1.36 million cars and has exported 535,000 units.
Hyundai Motor India said on Friday that its car sales surged by 83 per cent in December 2003 to 12,382 units, driven by rising demand for compact car Santro and mid-size model Accent.
India's second-biggest carmaker Hyundai Motor India on Thursday said its sales went up by a massive 55 per cent to 15,259 units in November.
The company said its domestic sales increased by 1.8 per cent during the month to 90,399 units as against 88,801 units in September last year.
Absence of diesel options, economic slowdown hurt sales
'Some buyers get carried away by festival offers and purchase higher variants or larger vehicles than they truly need, which impacts running cost and long-term affordability.'
Smart positioning, continued communication and a global design language have played a big role, say experts
Hyundai Motor India said on Friday that its car sales rose by 42 per cent in July 2003 to an all-time high of 13,033 units
The auto industry body has been lobbying hard with the government for extension of the reduced excise rates.
Net flows from domestic institutional investors crossed Rs 5 trillion for the first time during a calendar year.
Hyundai Motors India Ltd on Wednesday said the company would invest up to $600 million for product development and capacity expansion.
Hyundai's entry-level Santro still packs a punch but, flanked by spunkier siblings, seems worn out.
India's second-biggest carmaker Hyundai Motor India on Friday said its sales surged 13.4 per cent in May 2004.
Fifteen companies have launched their initial public offerings (IPOs) in December 2024, making it the best month for public offerings since 1996. Collectively, they have raised Rs 25,425 crore, which also made December the best month in terms of the quantum of funds raised. In December 1996, 33 companies had raised Rs 931 crore.
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.
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 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.
The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.
Santa Fe was first introduced globally in 2001 as Hyundai's first SUV.
'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
The car will be available with a 1.2 litre Kappa engine in three variants. The company has also decided not to absorb 1,200 trainees as it reduces working shifts in its Chennai plant.
'We don't have to compete with Maharashtra or Gujarat. We have to now start thinking about how we compete with the United States or China.'
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