Five years after entering India, VW has captured just 2.1 per cent of the market because its cars are seen as relatively expensive and it lacks a diverse mass-market product range.
Hyundai Motors India hopes to export over 250,000 cars next year from India, twice this year's number. Yet, Managing Director H S Lheem said this performance will not be without its problems. In fact, ebullient exports may end up denting the company's bottom line.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
Tamil Nadu, claiming to be the Detroit of India, has labour unrest in the automobile industry, among others.
After a worrying 7 per cent fall in sales in January, Maruti Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra and Honda Siel have notched up an impressive 18.78 per cent growth in sales in February. Strong demand for the SX4 and DZire models helped Maruti Suzuki, the country's largest passenger car maker, record an impressive 19 per cent jump in sales in the domestic market, hitting a new record of 70,625 units in February.
Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 155,114 units in February as compared with 140,035 units in the same month last year.
The Sensex ended at 17,198, stronger by 272 points, and the Nifty closed at 5,122, higher by 89 points.
Hyundai Motors India has flown in over 90 robots from Korea to work on assembly lines in its factory near Chennai. The results are better than expectations
The Hyundai Creta is practical, spacious, comfortable and feature loaded, making it an ideal package that most buyers look out for in the SUV segment, finds out Indian motoring website MotorBeam.
Indian automakers dispatched nearly 2.92 lakh passenger vehicles, the highest ever for February so far, driven by strong demand for cars and utility vehicles, industry body SIAM said on Friday. The total passenger vehicle dispatches from companies to dealers last month increased 11 per cent to 2,91,928 units from 2,62,984 units in February 2022. Passenger car sales rose to 1,42,201 units in February against 1,33,572 units in the year-ago period.
Passenger vehicle dispatches from factories to dealers in India fell 8 per cent in January, mainly due to semiconductor shortage, auto industry body SIAM said on Friday. The total passenger vehicle wholesales dropped to 254,287 units in January 2022 as compared to 276,554 units in the same month of last year. Last month, passenger car dispatches stood at 126,693 units as compared to 153,244 units in the year-ago period. Similarly, van dispatches declined to 10,632 units in the period under review from 11,816 units in January 2021.
Top corporates and banks, including Bharti Airtel, Maruti Suzuki, SAIL and SBI, have paid lower advance taxes during the July-September quarter reflecting the impact of slowdown.
Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
Various corporate houses and banks including TVS Motors, India Cements, Hyundai Motor India Limited and State Bank of India on Tuesday contributed a total of Rs 22 crore.
Besieged by rising steel prices, the domestic passenger car manufacturers are gearing up to raise prices again. Barely a month ago, Maruti Suzuki, Hyundai Motors India, Mahindra & Mahindra, Tata Motors and Honda Siel had effected price increases of Rs 6,000 to Rs 30,000 across models.
Automakers Maruti Suzuki, Tata Motors, Mahindra & Mahindra and Kia reported robust growth in their vehicle dispatches in the domestic market for August buoyed by festive demand and easing of semiconductor shortage woes. Other manufacturers like Hyundai, Toyota and Skoda also reported growth in wholesales in August as compared with the same month last year. The country's largest automaker Maruti Suzuki India said its domestic passenger vehicle dispatches increased by 30 per cent to 134,166 units in August as compared with 103,187 units in the year-ago month.
Driven by Hyundai Motors, exports of passenger cars from India jumped 28 per cent to 1,60,677 units in the financial year ended March 31, 2005.\n
'Some of the launches may get deferred due to the semiconductor shortage, which is unlikely to get resolved before the second half of 2022.'
India's second-biggest carmaker Hyundai Motor India Ltd on Wednesday raised prices of its two models while market leader Maruti and Czech car firm Skoda announced plans to follow suit next month to meet the rise in input costs and new emission norms.
Car sales are experiencing a challenging phase with around Rs 60,000 crore worth of inventory lying unsold with dealers.
Fit and finish is next to faultless for the price, but we did find a few hard plastics on the steering and a few switches that felt out of place
HMSI has increased the monthly salary of its permanent workers by Rs 14,770 a month.
Maruti Suzuki India (MSIL) - the market leader in small cars - is eyeing the top spot in the sports utility vehicle (SUV) segment within a year - with a 33 per cent share of the pie. The company has been selling two SUVs - the Brezza and the Grand Vitara - and will start deliveries of the Jimny and the Fronx from March-end, and has set a target of growing its share from the current 11.5 per cent of the SUV market to 33 per cent by the end of 2023-24. The SUV segment is roughly about 42 per cent of the total passenger vehicle market, or around 1.3 million units.
Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.
India's second-biggest carmaker Hyundai Motor India on Monday said it plans to increase prices by the next month.
Tata Group firm Indian Hotels and auto major Mahindra & Mahindra are the only Indian brands to figure in the list of 27 top 'Great Brands of Tomorrow' compiled by Credit Suisse.
Tata Motors will soon submit a detailed report on the upcoming manufacturing plant in Tamil Nadu's Ranipet district and a decision, on whether the facility will churn out passenger or commercial vehicles, will be taken by the company on the basis of market trends, state's industries minister TRB Rajaa said on Thursday. "They are keeping the options open, and market trends will determine it (the type of vehicles the plant will make). "They will quickly come up with a detailed report on that," Rajaa said.
They opt for upfront discounts rather than reduced interest rate offers.
Although most companies had geared for increased production at their plants, most say the surge in demand was unexpected, partly driven by yesteryear purchases which had been postponed earlier due to lack of funds.
Ford, which had announced to quit the Indian market last year, said it was exploring the possibility of using one of its plants in India to produce electric cars for exports.
Maruti Suzuki and Hyundai Motors are expected to see overseas sales fall sharply following the recent removal of an incentive scheme.
The Hyundai Grand i10 re-writes the rules of the hatchback segment by offering terrific value.
The Hyundai Elantra is a well-known name in India, thanks to the striking design language used both the times it was introduced in the country, i.e. in the year 2000 and later in 2012. Now Hyundai has decided to launch the sixth generation car in India to re-capture the D-segment sedan throne. Indian automotive website MotorBeam.com got its hands on the car and decided to run the classy sedan through its paces.
Overall, we feel that the Hyundai Elantra is a very good car for people who aren't into aggressive driving but for those who want refinement and comfort along with a long list of features and a pleasant driving experience.
The price of petrol variant of the Verna has been raised by Rs 3,500 (for the base model), while the diesel model has become dearer by Rs 10,000.
In the US, the Hyundai i30 is marketed as the hatchback version of the Elantra sedan.
Though both brands belong to the same parent company, Hyundai has issued strict directives to dealer partners to withdraw their applications
With a slew of new players entering the Indian small car market, segment leaders like Maruti Suzuki India and Hyundai Motor India will face challenge to their domination.
