Santa Fe was first introduced globally in 2001 as Hyundai's first SUV.
Hyundai, the second-largest car manufacturer in the country, will stop the production of its A2 compact car, the Getz, by 2011.
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.
The country's second largest maker Hyundai Motor India Ltd (HMIL) on Monday said it has introduced three new variants with additional features of its latest small car Eon, which will be costlier by up to Rs 7,000 from the existing versions.
'The reported deal between the European Union and China should mitigate it (shortage) for the medium to long term. Let's wait and watch how this plays out.'
Less than a year after taking charge, Hyundai Motor (India) managing director Byung-Ho Sung is on his way out and would be replaced by S S Yang from the company's China division.
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.
In absolute terms, both types of cars must cut emissions by about 28-29 g/km. But in percentage terms, the lighter 900-kg car must reduce emissions by 27 per cent, while the 1,500-kg car needs a 22 per cent cut. And the target becomes progressively stringent for both -- but, once again, the tightening is sharper for the 900-kg car than for the 1500-kg car.
Leading automakers Maruti Suzuki, Hyundai, Mahindra, and Tata Motors saw a dip in dispatches to dealers in August amid dip in demand with many prospective buyers postponing their buys anticipating a reduction in vehicle prices on account of the new GST framework. The country's largest carmaker Maruti Suzuki India reported an 8 per cent year-on-year dip in dispatches of passenger vehicles in the domestic market last month.
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.
Hyundai Motor India Ltd plans to set up a research and development centre in Hyderabad.
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.
While Maruti held the top spot for four decades, the Ambassador was the best-selling car in post-Independence India for three decades.
Hyundai Motor India on Thursday launched premium sedan Elantra to fill the gap between its mid-size car Accent and luxury sedan Sonata.
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.
India's second-biggest carmaker Hyundai Motor India on Tuesday said its sales soared 109 per cent to 15,508 units in February 2004.
Hyundai has also decided to phase out Getz looking at the growing demand for i20.
Hyundai Motor India Ltd (HMIL), India's second-biggest carmaker, on Friday launched premium hatchback Getz to enlarge its product portfolio and boost sales.
Hyundai on Monday launched a new version of its premium sedan Elantra priced between Rs 14.13 lakh and Rs 17.94 lakh.
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.
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.
Hyundai Motor India on Monday forayed into the domestic sports-utility-vehicle market with the premium SUV model Terracan.\n\n\n\n
Why is Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, not worried about the competition?
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.
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 semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'
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.
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.
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.
International automakers have supported the Hyundai Motor's demand for a two-year notice period before any changes are made by the Indian government with regard to excise or custom duties for the auto sector.
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.
Fada estimates that global supply chain headwinds like scarce availability of rare earth elements for electric vehicle components and geopolitical tensions may affect urban consumer sentiment in June as well.
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.
Offering buyers a car that meets their aspirations & lifestyle needs, the Creta became a style icon. The Creta, which was officially launched on Monday, is a global model, created with an investment of more than Rs 1,000 crore.
Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger car shipments saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
'The Indian govt's initiatives on EVs are very strong and customers want to buy EVs. This will make the country's conversion to EVs faster than other markets, and I hope even faster than the US'
'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.'
Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures
Fifteen companies have launched their initial public offerings (IPOs) in December 2024, making it the best month for public offerings since 1996. Collectively, they have raised Rs 25,425 crore, which also made December the best month in terms of the quantum of funds raised. In December 1996, 33 companies had raised Rs 931 crore.
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