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.
The car will be available with a 1.2 litre Kappa engine in three variants. The company has also decided not to absorb 1,200 trainees as it reduces working shifts in its Chennai plant.
However, the company's cumulative sales (including exports) in November were up by 48.89 per cent to 43,105 units compared with 28,950 units in the year-ago period, HMIL said. Its exports for the month rose by nearly three-fold to 28,500 units, the same stood at 9,898 units during the same month in 2007.
The country's second largest car maker Hyundai Motor India will ramp up its capacity by about 20 per cent from September onwards to cater to increased demand in the overseas markets and plans to hire 1,000 people this month.
Hyundai Motor India on Monday said its vehicles sales grew by 27.4 per cent in October 2003 to 13,297 units as demand for its compact car Santro and mid-size model Accent continued to increase.
Hyundai Motor India, India's second-biggest carmaker, on Monday said its car sales surged by 46.8 per cent in August to 14,436 units on higher domestic demand and exports.
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
Korean car maker Hyundai Motors India Ltd said it will have to lay off 2,000 temporary workers, about one-fourth of its labour force, to tide over a decline in car sales. The company employs over 8,400 workers, of which around 3,300 are temporary.
The LPG variant will be priced Rs 21,500 more than the existing petrol model. The ex-showroom Delhi price for Santro eco (GL) is Rs 354,294 and Santro eco (GLS) is Rs 373,357.
Auto majors report positive sales figs for November.
Hyundai Motor India Ltd, is floating its own advertising agency, Innocean, in India.
'We don't have to compete with Maharashtra or Gujarat. We have to now start thinking about how we compete with the United States or China.'
The new i10's virtues are functionality and space, fresh design, refined ride and a silent cabin.
The country's second biggest car maker Hyundai Motors will be hiking prices across its model range by up to Rs 15,000 from December end.
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.
Hyundai Motor India reported 16.41 per cent growth in its total sales in September at 53,804 units, the highest ever monthly sales since the company first rolled out its car in India 11 years ago.
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
Santa Fe was first introduced globally in 2001 as Hyundai's first SUV.
With the domestic small car market heating up, Korean major Hyundai Motors is lining up a new release for India. The vehicle, which is slated to hit the roads in the second half of 2011, is likely to sport a price tag not much higher than that of Maruti's cheapest variant -- the Maruti 800.
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
Clearly, some of the bullishness of the early days has gone missing. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS.
Reversing his predecessor's decision to set up a diesel engine facility in Chennai, Hyundai Motor India's new managing director and CEO Han-Woo Park on Wednesday said as of now there was no such plan.
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.
Hyundai Motor India Ltd (HMIL), India's second-biggest carmaker, on Friday launched premium hatchback Getz to enlarge its product portfolio and boost sales.
Korean auto major Hyundai Motor Company will bring the diesel variant of its premium hatchback 'i20' by the end of this year as part of its plan of introducing at least two new products in the Indian market annually for the next couple of years.
Hyundai Motor India Limited is taking the adage -- what cannot be measured cannot be controlled -- very seriously. In a move to control costs, it is implementing an innovative plan where the car-marker has incentivised every small idea to reduce the weight of the car it makes by offering Rs 100 for every gram saved in weight.
Market sources say the new model will be called Atos, the name under which Santro was sold in some parts of Europe. Codenamed Pa, it has been tested by the company on the Chennai-Bangalore route. The company said the new car may be priced between Santro, which costs Rs 2.70-4.74 lakh (ex-showroom, New Delhi) and Getz (Rs 4.90-5.25 lakh).
"HMIL started accepting export orders for the i10 from December, 2007, and received 60,000 orders from the overseas market creating a record of clocking the fastest 50,000 units of export orders in just three months," the company said. The company would ship around 26,000 units by March 2008, and subsequently it would be exported to all the major markets across the globe covering over 90 countries by the end of the year, it added.
South Korean car giant Hyundai Motors has been asked by the National Consumer Commission to pay Rs 6.8 lakh to a consumer for supplying a defective Accent car. Ruling that it is the duty of the car manufacturers to replace defective vehicles, the Commission said that in such cases, the companies are "not justified" in protracting litigation for years merely because they have money power.
The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
Hyundai Motor India on Monday forayed into the domestic sports-utility-vehicle market with the premium SUV model Terracan.\n\n\n\n
All three employees are recovering fast towards normalcy and as per the safety protocol, essential information was shared with the district health authorities, it added.
Prices across all models starting from Eon to Santa Fe has been hiked in the range of Rs 15,000 to Rs 127,000
All the three companies that made their stock market debut on Wednesday delivered huge day-one gains for investors. Shares of digital payment major One Mobikwik Systems surged 90 per cent, while that of fashion retailer Vishal Mega Mart and pharma firm Sai Life Sciences gained around 40 per cent each. These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday.
'Some buyers get carried away by festival offers and purchase higher variants or larger vehicles than they truly need, which impacts running cost and long-term affordability.'
Maruti Suzuki's e-Vitara marks its high-stakes EV debut with strong export ambitions, lifting its stock even as analysts caution over pricing and fierce competition.
Recently, South Korean Foreign Minister, Chung Eui-yong, dialled his Indian counterpart, S Jaishankar, in New Delhi. His government, he said, "regretted the offence caused to the people of India". A day earlier, India had summoned the South Korean ambassador to express its "strong displeasure" over "an unacceptable social media post".
The 100-stock largecap basket of Mutual funds (MFs) has seen a major reshuffle in the latest semi-annual reclassification with seven midcap stocks and four new listings earning the largecap tag. According to a report from Nuvama Alternative & Quantitative Research, the midcap stocks that have been upgraded include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India, and Info Edge.
