Automobile exports from India in the first six months of the current fiscal year rose 14 per cent year-on-year, led by gains in shipments of passenger vehicles and two-wheelers. According to Siam data, the overall exports in the April-September period stood at 25,28,248 units, up 14 per cent as compared with 22,11,457 units in the year-ago period. "Key markets like Latin America and Africa, which had slowed down for various reasons, have bounced back.
Sales of recently launched Grand i10 and Xcent jump even as those of competing models drop in past two months.
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.
Proliferation of home chargers of around 7 KWh and above, which take six to seven hours to fully charge a car depending on the model, bring running costs down by a third or so. That, coupled with the increasing range of modern electric cars, can lead to a massive increase in sales.
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.
Smart positioning, continued communication and a global design language have played a big role, say experts
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.
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.
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.
The slowdown in the Indian automotive market has resulted in its first major casualty, with the country's second largest car-maker Hyundai Motor shelving a plan to set up a diesel engine manufacturing plant at an investment of Rs 400 crore (Rs 4 billion).
Hyundai Motors on Wednesday enhanced its product portfolio in India by bringing in Tucson, its latest sports utility vehicle.
This can spark off a price war.
The company said its domestic sales increased by 1.8 per cent during the month to 90,399 units as against 88,801 units in September last year.
The entire range of Hyundai's diesel cars - from compact ones to SUV models, including the soon-to-be-launched Aura - will be eco-friendly.
Hyundai Motor India said on Friday that its car sales surged by 83 per cent in December 2003 to 12,382 units, driven by rising demand for compact car Santro and mid-size model Accent.
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.
'i10', the company's latest offering to the market, would now be available between Rs 3.26 lakh and Rs 5.25 lakh, cheaper by up to Rs 18,381. HMIL also said its premium hatchback 'Getz' would be cheaper by Rs 13,413-Rs 19,422 across different variants.
Hyundai Motor India said on Friday that its car sales rose by 42 per cent in July 2003 to an all-time high of 13,033 units
The Korean company has sold over 1.36 million cars and has exported 535,000 units.
Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
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.
Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a "short-term" issue. In an interaction with PTI at the launch of the company's first mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49 lakh (with 45 kWh battery) Shailesh Chandra, managing director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said that the company is looking to achieve one-lakh electric vehicle sales this financial year. Curvv EV is the second car based on the advanced Pure EV architecture - acti.ev, which marks Tata Motors' entry into the highly competitive mid-size SUV segment and will be competing with the likes of MG ZS EV, Hyundai Creta and Maruti Suzuki Grand Vitara, among others.
The auto industry body has been lobbying hard with the government for extension of the reduced excise rates.
Hyundai Motors India Ltd on Wednesday said the company would invest up to $600 million for product development and capacity expansion.
Hyundai Motor India, the country's second-largest passenger car manufacturer, may introduce more luxury cars in India, president Ashok Jha told Business Standard at the launch of the compact car, the i10, in Pune.
The car made its debut in India.
India's second-biggest carmaker Hyundai Motor India on Friday said its sales surged 13.4 per cent in May 2004.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
India's second-biggest carmaker Hyundai Motor India on Tuesday said its sales soared 109 per cent to 15,508 units in February 2004.
In what signals an emerging battle among small car manufacturers, Hyundai Motors India Ltd has asked the country's apex auto association to act against moves by "some pressure groups" to change the definition of a small car.
Hyundai Motor India Ltd on Wednesday launched a new version of its premium compact car i20 priced between Rs 4,52,000 and Rs 7,48,000, while adding two more variants to its existing range.
The firm, which has operations in India through a wholly -owned subsidiary, Hyundai Motor India Ltd, will manufacture the car, which will be smaller than the Santro, at its plant in Chennai.
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.
"They (Mahindra Renault) are planning to launch Sandero, which is very similar sounding to our Santro. Both are hatchbacks and Santro is an established trademark and they are trying to get mileage out of it," a senior HMIL official said.
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