MRTPC disposed of the one-year-old legal battle between the two auto giants, in which the Korean car maker accused MSI (formerly Maruti Udyog Ltd) of indulging in unfair trade practice by issuing "misleading" advertisements.
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.
HMIL sells a range of vehicles starting from entry-level small car Eon to premium SUV Santa Fe, which are priced between Rs 325,000 and Rs 31.75 lakh
Apple Inc's iPhones assembled in India achieved market revenues of Rs 162,000 crore. Tata Steel's revenue for the same period was Rs 162,324 crore.
A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote.
The car is expected to hit the road on October 23 and is being launched as Hyundai celebrates two decades in the country. Industry sources say that it will be priced at Rs 3,70,000 to stay competitive with its biggest competitors, Tata Tiago and Maruti Suzuki Celerio.
Hyundai Motor India has ruled out making a Rs 100,000 small car to take on Tata Motors, which is planning such a vehicle and expressed doubts that such a low-priced car could meet global safety and emission norms.
Hyundai Motor India, the country's second largest car maker, on Friday said its plan for launching a small car in the Indian auto-market is "well on course".
Around 800 workers at Hyundai Motor India's Sriperumbudur factory, who were on hunger strike, were arrested on Wednesday.
Disappointed with dismal sales of its top end premium sedan Sonata, Hyundai Motor India Ltd will launch a diesel variant of the model this October, while it is readying to introduce a CNG driven small car by early next year.
Hyundai Motor India will be raising prices of its cars, including the popular Santro, by up to Rs 15,000.
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.
Contrary to expectations that car sales dip in December, auto majors Maruti Suzuki and Hyundai Motor India are poised to grow 30 per cent in sales (the two companies control 72 per cent of the domestic market). General Motors is looking at 70-80 per cent increase in sales.
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.
Hyundai Motor India Ltd (HMIL) is considering legal action against Aamir Khan's latest film, 'Delhi Belly', for allegedly depicting one of the company's cars in a derogatory manner.
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'.
The country's largest carmaker Maruti Suzuki India on Thursday reported 14 per cent increase in total wholesales at 159,044 units in November. The company had dispatched 139,184 units to dealers in November 2021, MSI said in a statement. Last month, the company's domestic sales rose 18 per cent to 139,306 units as against 117,791 units in November 2021, it added.
Sales of recently launched Grand i10 and Xcent jump even as those of competing models drop in past two months.
Car companies have responded to the high interest rates on consumer loans by offering attractive packages to woo back customers.
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.
The auto industry body has been lobbying hard with the government for extension of the reduced excise rates.
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 country's largest car exporter launched the iGen i20 in both petrol and diesel variants, carrying a total of 12 variants.
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.
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.
Terming as "impossible" the Rs 1 lakh car that Tatas propose to roll out, particularly on safety aspects, Hyundai on Friday said it would like to bring an entry level car with a minimum price tag of $3000 like the one Renault is planning.
Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand. Maruti Suzuki India reported a 4 per cent dip in total domestic passenger vehicle wholesales last month to 144,962 units compared to 150,812 units in the year-ago month. The auto major said sales of mini segment cars, comprising Alto and S-Presso, grew marginally to 10,363 units against 10,351 units in September 2023.
Hyundai Motor India Ltd (HMIL) on Monday said prices of its vehicles across models will go up by up to Rs 5,000 from November 1.
Maruti Suzuki India (MSI) and Hyundai posted single-digit growth in domestic sales in June, even as the overall passenger vehicle segment crossed the 20 lakh units sales mark for the first time-ever in the first half this year. Toyota Kirloskar Motor reported a double-digit growth in dispatches to dealers, while Kia saw a dip in wholesales last month. MG Motor India also reported a double-digit increase in retail sales in June 2023 compared to the same month last year.
This will help the company cater to markets in the European Union, while availing of the tax incentives there.
The import of car tyres surged in April-June as compared to the same period last year, but those of truck and bus tyres fell.
India's second-biggest carmaker Hyundai Motor India on Friday said its sales surged 13.4 per cent in May 2004.
This can spark off a price war.
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.
India's second-biggest carmaker Hyundai Motor India on Tuesday said its sales soared 109 per cent to 15,508 units in February 2004.
