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.
Hyundai Motor India Ltd plans to set up a research and development centre in Hyderabad.
The Tatas sold over 14,466 Indica cars, which was slightly lower than the sales of 14,592 units of the Santro hatchback in January.
Fintech firm One97 Communications, which owns the Paytm brand, has received support from merchants, and it assured them of continuity of services without any disruption, the company said in a blog on Sunday. The blog post came amid the recent crisis around Paytm Payments Bank Limited (PPBL), an associate company of Paytm, which has been barred by the RBI from accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.
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.
Both the carmakers do not have a strong presence in the SUV market and with these products they are aiming at filling the gap in their Indian portfolio.
The Verna will be placed in the upper end of the segment priced between Rs 6.21 lakh and Rs 6.36 lakh for the petrol variant and Rs 7.35 lakh for the diesel variant.
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 completely changed the old i20 and provided some alluring cues to its fluidic structure.
Maruti recorded 20 per cent jump in sales during November.
We have already seen bigger names like Mercedes, BMW and Honda providing top notch safety facilities and now Hyundai is upping the ante as well.
The automatic transmission is now available on the mid-level Verna 1.6 petrol SX AT and the Verna 1.6 diesel SX AT.
The company's new engine and transmission plant in Chennai, set up at an investment of $250 million, would have a capacity of 2.5 lakh units per annum. Overall, the company has invested $421 million on the Kappa project over a period of 48 months.
HYUNDAI I20 ACTIVE is fully loaded with features and has two well-refined engine options.
The car is a stunner and has been launched with both automatic and manual transmission variants.
The petrol versions of the car are priced between Rs 5,05,000 and Rs 6,66,000.
The internet is abuzz with sightings of the next generation Hyundai i10 in Europe.
Close on the heels of Nokia announcing its plans to set up a plant in India, Hyundai India Telecom Ltd on Friday said it will set up a manufacturing unit and R&D hub in India.
The Hyundai i10 has always been a sweet deal and considering all the bells and whistles that the new car comes with, we can only say that the deal just got sweeter.
Korean auto major Hyundai Motor Co on Thursday launched entry level compact car Eon that has been developed specifically for the Indian market, at an introductory price of between Rs 2.69 lakh (Rs 269,000) and Rs 3.71 lakh (Rs 371,000), ex-showroom Delhi.
The Grand i10 AT competes with hatchbacks such as the Maruti Ritz AT, Honda Brio AT and Nissan Micra CVT.
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
Hyundai Motor India Limited, a wholly owned subsidiary of Hyundai Motor Company S Korea, is investing an additional $220 million to expand the capacity of company's Chennai plant, a top company official said on Friday.
The dealers operating in the space have jumped nearly three times over the past two years.
Tata Motors will soon submit a detailed report on the upcoming manufacturing plant in Tamil Nadu's Ranipet district and a decision, on whether the facility will churn out passenger or commercial vehicles, will be taken by the company on the basis of market trends, state's industries minister TRB Rajaa said on Thursday. "They are keeping the options open, and market trends will determine it (the type of vehicles the plant will make). "They will quickly come up with a detailed report on that," Rajaa said.
The country's second largest carmaker, Hyundai Motor India, on Friday said it is cutting production by 25 per cent and will work two shifts instead three from the next week following a slump in demand.
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
Hyundai's Grand i10 jostled with Maruti's Swift, making space for itself in a sub-segment that is witnessing growth.
The car starts at Rs 4.66 lakh.
It is as different as chalk and cheese when you step inside the cabin of all these cars.
Let's see if Liva can live up to the expectations of the hatchback buyers and what will woo them to buy it as compared to Maruti Suzuki Swift, Hyundai i20, Ford Figo, and others.
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
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".
Sunil Pahilajani, managing director and CEO, Caparo India, said that the plant, which will operate as a wholly-owned subsidiary of Caparo India, under its division Caparo Vehicle Products India, will commence production in the final quarter of 2008-09. Caparo signed the technical support agreement with Hyundai Motor on Monday evening. The facility to be set on 20 acres will employ 200 people to start off with.
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