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.
Hyundai Motor India also plans to raise its sales in the overseas market this year.
Prices of second-hand cars, mainly compact ones, have fallen 15-20% in the last few days. Dealers in the unorganised market fear a further price dip of 10 per cent when delivery starts and the Nano is seen prominently on roads. The Nano, expected to sport an on-road price of Rs 1.25-1.3 lakh for the no-frills, base version, will compete with the compact cars of Hyundai Motors, Maruti Suzuki, Tata Motors and General Motors.
At least two persons were killed and over 10 injured when suspected ULFA militants triggered a blast at a market area near the Northeast Frontier Railway (NFR) headquarters at Maligaon at around 6:30pm on Friday.
Forget about the Tata Nano for Rs 100,000. Or buying a sleek Yamaha R15 for over Rs 97,000. An array of car models is now available at prices under Rs 100,000, thanks to an expected 20 to 25 per cent fall in used-car prices on certain models, in response to the government's decision to reduce Central value added tax (Cenvat) four percentage points for new cars.
The fully-loaded version of the car costs around Rs 2.5 lakh and boasts of facilities, including AC, power window and centralised locking, like any other small, premium hatch-back. The fully-charged car would run for 110 km with AC switched on and another 20 kms without AC. It could give a maximum speed of 55 kmph and was likely to give a tight competition to the two-door fibre-bodied battery car Reva, introduced a few years back in the country.
Michael Boneham, president, Ford India, said the small car would be engineered for Indian conditions and that the company was keeping options open for both petrol and diesel variants. Ford's mall car will mark its entry into the mainstream segment, popularly known as the B segment cars in India, which accounts for a little over 70 per cent of the 1.3 million India car market.
The British Airways flight with Sabeel on board landed at the Bangalore airport at 0345 hours IST. The doctor, who was sporting a beard, was immediately whisked away by sleuths of the Intelligence Bureau through the VIP exit in a Santro car. Sabeel's mother Dr Zakia Ahmed was in the car with him.
Hyundai Motor India will be raising prices of its cars, including the popular Santro, by up to Rs 15,000.
'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.
The i10 managed to impress the Business Standard Motoring jury across various counts, including build quality, ride, handling, driveability, comfort and safety features. A compelling price tag and above average fuel efficiency further clinched the deal for Hyundai's made-in-India car for the world.
In the seven months between April and October this year, the Chevy Spark has managed to sell less than 12,000 units, or an average of 1,700 units a month, while its peers Alto and WagonR (Maruti Suzuki) , Indica (Tata Motors) and Santro (Hyundai) have had average monthly sales of 10,000-18,000 units.
Car companies have responded to the high interest rates on consumer loans by offering attractive packages to woo back customers.
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.
Within the first 15 days, it has hit the tarmac with 5,000 units, some 2,000 of which were logged in the first five days alone.
Maruti and Hyundai favoured among used car buyers
The market for second-hand cars today is almost as big as the one for new wheels. And there are actually good deals to be found. A primer for buying used cars.
Small cars corner 77% of Indian roads, top four models grab 60%.
Insurance companies have raised the premium for cars and other vehicles by as much as Rs 2,000 beginning January 1.
Car manufacturers are giving consumers extra reasons to celebrate this Christmas and New Year -- by giving a lot of discounts.
Eight months after it was phased out from the market, Maruti on Tuesday unveiled the new Zen sporting an all-new look and under a new name 'Estilo', pricing the base variant at Rs 3.19 lakh (ex-showroom Delhi).
Auto major General Motors India is harbouring definite plans to launch a mini car that would be competitively priced and would aim to get a market share of 10 per cent, a top official of the company said on Saturday.
What worked for Hyundai in India when so many other auto manufacturers have had to eat humble pie? Pavan Lall finds out.
Maruti Udyog, India's biggest carmaker, has been ranked first in customer satisfaction by international market research firm JD Power.
In swift and specific operation Assam Police on Tuesday apprehended five members of Garo tribal militant group.
Hyundai Motor India said on Friday it will hike prices of all models, including the flagship Santro, from this month-end because of higher input and freight costs.
Hyundai eyes sales of three lakh units this year.
The distinction between "cheap" and "affordable" is a fine one, but no one understands this better than India's aspirational first-time car-owner, says Kanika Datta.
Hyundai Motors India on Thursday said it will raise the prices of its premium hatchback model 'Getz' by the end of this month.
Hyundai Motor India recorded an impressive 121 per cent growth in sales in April this year at 19,853 units.
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Manoj Bajpayee simply lives, and loves, the role -- of a man who life is fast passing by, and who continues to live the lie of a simple government servant, observes Saisuresh Sivaswamy.
Hyundai Motor India on Monday jacked up prices of a variant of mid-size car Accent by 11,640 after a steep increase in steel prices raised input costs.
Three people were reportedly injured in the accident
Maruti Udyog Ltd, India's largest carmaker, unveiled on Thursday a new-look Zen, without tinkering with the price, to take on competition posed by Hyundai's Santro and Tata Motors' Indica.
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