The Chennai facility will continue to service Indian and non-European markets. In July 2009, Hyundai India's managing director H S Lheem had said the company was planning to move production to Turkey, the Czech Republic or Slovakia.
Since Hyundai has developed its 'small cars' based on the current definition of 4,000 mm, it could lose out on excise benefit if the length were to be altered to 3,800 mm as per the auto policy.
Hyundai Motors India, the country's second-largest car firm, launched the diesel version of its top-end sedan Sonata Embera tagged at an introductory price of Rs 14.75 lakh (ex-showroom Delhi).
For investors who missed the initial IPO frenzy, the market correction is an opportunity to selectively invest in promising names, but patience and careful evaluation remain the key.
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.
In yet another recognition of India's manufacturing expertise, Hyundai Motor India has decided to export engine and transmission to global manufacturing units of its Korean parent company and subsidiary Kia Motors from next year.\n\n\n\n
Adding a new dimension to the ongoing price war, Hyundai Motor India on Thursday introduced the export variant of its premium hatchback, Getz GLE, in the Indian market priced at Rs 415,000.
Meanwhile, the company on Wednesday launched an advanced version of its mid-sized Verna sedan, priced at Rs 6.56 lakh-Rs 9.22 lakh (ex showroom Delhi).
Apart from pricing it attractively, Hyundai has taken enough precaution to see that EON's quality, at no point, has been compromised.
Hyundai Motor India said on Friday it will hike prices of all models, including the flagship Santro, from this month-end because of higher input and freight costs.
Declaring a price war against rival Maruti's Swift, Hyundai Motors India Ltd launched its new premium hatchback Getz Prime, starting from Rs 3,89,000.
The curious case is of Honda, which has moved up the pecking order while actually losing market share!
Hyundai Motor India on Thursday hiked prices of its various cars, including Santro and Sonata by upto Rs 10,700.\n\n\n\n
Hyundai Motor India Ltd on Tuesday said that tis new sedan Verna will be launched in India during the third quarter (Jul-Sept) of 2006, which will be slotted between its Accent and Elantra models.
The government has no say in where the country's refiners source oil from because these are commercial transactions.
Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motor, and Kia posting their best-ever annual domestic sales. The continued growth of SUVs, along with rural markets playing a key role in driving up car sales, helped the industry better the previous best of nearly 41.1 lakh units posted in 2023.
Auto majors report positive sales figs for November.
Tata Motors (TaMo) is aiming to gain market share across its passenger vehicle (PV) and commercial vehicle (CV) businesses - targeting a 40 per cent share in CVs and a 16 per cent share in PVs by 2027. Meanwhile, it has already achieved earnings before interest, tax, depreciation, and amortisation (Ebitda) breakeven in its electric vehicle (EV) business at 1.2 per cent (up 830 basis points), ahead of its target of 2025-26 (FY26).
Honda's segment-first features and a competitively-priced diesel engine could help it reclaim its crown.
Named 'i Tech', will be available with engine options of 1.1 litre and 1.2 litre.
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.
Hyundai Motor India Limited plans to set up its own facility at the Chennai port for parking its vehicles for shipment, a top Hyundai official said on Wednesday.
Hyundai has invested $1.8 billion in India.
Hyundai Motor India on Tuesday flagged off maiden shipment of its flagship 'Santro' brand of passenger cars to European markets of Italy, Spain and Netherlands.
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
Hyundai Motor India Ltd plans to set up a research and development centre in Hyderabad.
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.
Hyundai Motor India on Thursday said it has crossed the half-a-million mark in cumulative exports, with the loading of its latest product the i10 at the Chennai port. The company reached the first milestone of exporting 1,00,000 cars in four years and 10 months that ended in October 2004. In October 2005, it exported its 200,000th car, followed by 300,000th car and 400,000th car in October 2006 and August 2007 respectively. Hyundai India is targeting 530,000 units this year.
Hyundai Motor India on Thursday launched premium sedan Elantra to fill the gap between its mid-size car Accent and luxury sedan Sonata.
India's second-biggest carmaker Hyundai Motor India on Thursday said it planned a price hike in April this year due to rising input costs.
Hyundai Motor India Limited head H S Lheem will meet Prime Minister Manmohan Singh on Monday to discuss issues concerning HMIL, which is the single largest Korean investor in India
The share of eastern India in the overall sales volume is also expected to grow from the existing 9 per cent to 15 per cent by 2010. At present, Hyundai sells around 1,000 units per month in eastern India.
Hoping to turn the tables on Japanese rival Maruti Suzuki's Swift, Korean car major Hyundai will launch a new version of its premium hatchback Getz under a new name Getz Prime by the end of this month in India.
The hydrogen-powered vehicle is available for lease in Los Angeles and Orange Counties of Southern California.
Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 350,257 lakh units last month as compared to 335,436 in the same month a year ago, registering a growth of 4 per cent.
Hyundai Motor India expects its SUV range to gain further traction in the domestic market with demand for personal mobility gaining momentum post the second wave of COVID-19, according to a senior company official. The company, which already leads the SUV space with models like Venue, Creta, Tucson and recently launched Alcazar, is looking to maintain its lead in the segment which is growing with each passing month.
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