Toyota, Mercedes Benz and BMW, have announced a hike already.
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."
Shows i10 in poor light two weeks after Hyundai took swipes at Ritz.
The Ministry of Heavy Industries announced on Tuesday that it has received bids from seven players for the re-bidding tender of the 10 gigawatt-hour (Gwh) tranche of the Advanced Chemistry Cell (ACC) manufacturing production-linked incentive (PLI). "The list of bidders (in alphabetical order) who have submitted bids in response to this tender are ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW Neo Energy, Reliance Industries, Lucas TVS, and Waaree Energies for a cumulative capacity of 70 Gwh," the ministry said in a statement. After the re-auctioning for the manufacturing unit was announced in January, the pre-bid meeting was held on February 12, the ministry said.
Legal battles initiated by 1,000-odd former employees of the Talegaon plant continue to present a challenge for the acquisition process.
While Maruti held the top spot for four decades, the Ambassador was the best-selling car in post-Independence India for three decades.
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.
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.
With entry-level cars being preferred amid the pandemic, market leader Maruti Suzuki has strengthened its hold, along with Hyundai Motor India.
Hyundai Motors India on Thursday said it will raise the prices of its premium hatchback model 'Getz' by the end of this month.
Launched in petrol and diesel in-line options, Elantra holds the potential to dominate over the existing sedan rivals like Chevrolet Cruze, Skoda Laura and Toyota Corolla Altis.
"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.
Petrol variants of the car are priced between Rs 6.38-7.09 lakh.
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.
Domestic passenger vehicle wholesales were down 0.8 per cent at 3,44,656 units in May this year as compared to 3,47,492 units in the same month last year, Society of Indian Automobile Manufacturers said on Monday.
The SUV will herald a new chapter in Hyundai's success story.
The company sold 62,515 vehicles in December 2007 which includes 4,114 units of exports
Saxena, who has been working in Hyundai since 2006, is likely to join Volkswagen's Indian operations, sources said.
Elon Musk-led Tesla Inc is yet to express interest in India's flagship scheme to attract global investment in electric vehicle (EV) manufacturing, said Union Minister for Heavy Industries H D Kumaraswamy on Monday. In contrast, multiple global automobile giants -- such as Mercedes-Benz, koda Auto Volkswagen, Hyundai Motor, and Kia Motors -- are keen to participate, the minister noted.
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.
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.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
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 changes will take effect on March 28, with portfolio adjustments expected before the market closes on March 27.
The Korean automaker plans to boost production in both fast-growing markets with new plants, and fresh models for local and export consumption
The new Verna bears Hyundai's new design philosophy of 'Fluidic Sculpture'.
Needless to add, each and every car in the 'sizzling-six' of Hyundai has got enough temptation and oomph aspect.
Hyundai Motor India Limited (HMIL) is planning to expand its used car business to all the existing dealerships in the country.
Korean auto company Hyundai has used the findings and comments made by European auto magazines and auto experts to show Maruti's newly launched hatch-back Ritz in poor light. Hyundai, in a web advertisement for its successful hatch-back i10, has made direct comparisons between the model and Maruti Ritz, using strong negative comments given by automotive experts.
Hyundai Motors India entered into an alliance with State Bank of India on Wednesday to provide special finance scheme for central public sector enterprise employees.
It seems the Korean carmaker Hyundai Motors has pulled up its socks to conquer every bit of premium car segment.
Maruti Alto or Hyundai Eon? The comparison is here!
Hyundai Motor India on Saturday reported a 21 per cent increase in sales between January-November 2005 at 2,36,878 units.
The i20 iGen boasts of many 'firsts in segment' features.
Hyundai, the second-largest car manufacturer in the country, will stop the production of its A2 compact car, the Getz, by 2011.
It's not only the Indian markets that command a valuation premium over their global peers; shares of subsidiaries of India-listed multinational companies (MNCs) also trade at rich valuations compared to their parent companies. An analysis of 12-month forward price-to-earnings (P/E) and price-to-book (P/B) multiples of domestically listed MNCs shows that most quotes have a premium ranging from 2.1x to 6x that of their parent. Similarly, P/B, in most cases, is significantly higher in the domestic market.
It will introduce new cars across segments and also target rural India to push up sales.
Hyundai on Monday launched a new version of its premium sedan Elantra priced between Rs 14.13 lakh and Rs 17.94 lakh.
Hyundai Motors India Ltd, the second-largest car manufacturer in the country, has announced a special scheme targeted at women buyers across India offering attractive loan packages.
