Hyundai Motor on Wednesday sought New Delhi's support to make India an export hub for small cars, while expressing interest to bid for a $500 million Delhi Metro contract for supply rolling stock. \n
The export of the cars would commence next year, M Inderjith, vice-president (productions), Hyundai Motor India Ltd, said speaking at the launch of 'i10' in Coimbatore on Monday night. i10 recently made its world debut in New Delhi. India would be the sole production and export hub of the car.
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.
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 has managed to maintain this 20 per cent share even though competition has become fierce
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".
H S Lheem, president and chief executive officer of Hyundai WIA, part of the Hyundai Motor Group, announced commencement of the company's first plant in India near Sriperumbudur in Tamil Nadu, in which it's injecting a investment of $4 million.
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.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
Dealers said the discounts this March are higher than the same month in the previous year.
Hyundai Motors finally launched their much anticipated Sports Utility Vehicle (SUV) Santa Fe in the Indian market just as the festive season kick started.
Around 800 workers at Hyundai Motor India's Sriperumbudur factory, who were on hunger strike, were arrested on Wednesday.
Hyundai Vice President (sales and marketing) Arvind Saxena told reporters at the launch of Verna in Kolkata on Wednesday that the second plant, coming up near the existing one near Chennai, would go on stream in 2008.
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.
Ashok Kumar Jha will step into a role that BVR Subbu, a powerful and seasoned corporate campaigner, had demitted over a year ago.
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.
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
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'.
Hyundai's entry-level Santro still packs a punch but, flanked by spunkier siblings, seems worn out.
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 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 will be raising prices of its cars, including the popular Santro, by up to Rs 15,000.
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.
The country's leading automakers Maruti Suzuki and Hyundai Motor reported a decline in dispatches to dealers in March as shortage of electronic components impacted production. On the other hand, Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month. Toyota Kirloskar Motor said its dispatches in March were the highest in the last five years while Mahindra & Mahindra also reported a robust increase in its passenger vehicle dispatches in March.
The quantum of price increase will vary from Rs 5,000 to Rs 20,000 across all models, the company said in a statement.
Top executives from Siam and major carmakers recently met with Heavy Industries Secretary Kamran Rizvi to discuss the matter. Officials from NITI Aayog were also present.
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.
Sluggish urban demand, a high base effect, and weak sales of hatchbacks and sedans weigh down passenger vehicle sales in FY25.
Car companies have responded to the high interest rates on consumer loans by offering attractive packages to woo back customers.
Maruti Suzuki, India's largest producer of small cars, stands to benefit the most.
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.
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.
Sales of recently launched Grand i10 and Xcent jump even as those of competing models drop in past two months.
The market capitalisation (mcap) cutoff to qualify for mutual funds' (MFs') largecap universe is likely to go up for the fifth consecutive time to touch the Rs 1 trillion mark for the first time. A fresh list of largecap, midcap, and smallcap stocks is set to be released by the Association of Mutual Funds in India (Amfi) in the first week of January.
The country's largest car exporter launched the iGen i20 in both petrol and diesel variants, carrying a total of 12 variants.
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.
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.
This will help the company cater to markets in the European Union, while availing of the tax incentives there.
