Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
Hyundai's entry-level Santro still packs a punch but, flanked by spunkier siblings, seems worn out.
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 Motor India on Thursday hiked prices of its various cars, including Santro and Sonata by upto Rs 10,700.\n\n\n\n
Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.
Driven by Hyundai Motors, exports of passenger cars from India jumped 28 per cent to 1,60,677 units in the financial year ended March 31, 2005.\n
In yet another recognition of India's manufacturing expertise, Hyundai Motor India has decided to export engine and transmission to global manufacturing units of its Korean parent company and subsidiary Kia Motors from next year.\n\n\n\n
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 Ltd reported a 17.84 per cent dip in its domestic car sales for February, and said it would soon reduce the price of its high import intensity models 'Elantra' and 'Sonata'.
The latest Hyundai i20 is an exciting car, given the overall drive experience, transmission, ride quality and tech. And while it may not be as low cost as a Maruti or come with the "heavy German steel-feel" of the Volkswagen, it does carve out a niche for itself at pole position with a combination of technology, styling, drive and ride comfort, and low cost of ownership, says Pavan Lall.
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The compact segment makes up for nearly 25 per cent of car sales in India.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
India's second-biggest carmaker Hyundai Motor India Ltd on Wednesday raised prices of its two models while market leader Maruti and Czech car firm Skoda announced plans to follow suit next month to meet the rise in input costs and new emission norms.
Top carmaker Maruti Udyog will give freebies of up to Rs 28,900 on its two car models this week to counter a similiar offer by arch-rival Hyundai.
Market leaders saw good traction for new cars, including the electric ones.
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.
India's second-biggest carmaker Hyundai Motor India on Friday said its sales surged 13.4 per cent in May 2004.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
Hyundai Motor India on Thursday launched premium sedan Elantra to fill the gap between its mid-size car Accent and luxury sedan Sonata.
India's second-biggest carmaker Hyundai Motor India on Friday said it would increase prices by almost 3 per cent this month.
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
India's second-biggest carmaker Hyundai Motor India on Thursday said it planned a price hike in April this year due to rising input costs.
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 Motor India on Wednesday increased the prices of its mid sized sedan Accent by up to Rs 9,000 and the premium hatchback Getz by up to Rs 7,000 across variants with immediate effect.
A clutch of automakers including Maruti Suzuki, Hero MotoCorp, Mercedes Benz India, Eicher Motors, TVS Motor, and Isuzu Motors India announced they had got the clearance from the governments of the states they operate in to resume operations.
Hyundai Motor India has ruled out making a Rs 100,000 small car to take on Tata Motors, which is planning such a vehicle and expressed doubts that such a low-priced car could meet global safety and emission norms.
Under pressure after the instant success of Maruti's 'Swift', Hyundai Motors on Wednesday launched an offensive by reducing prices of its Santro Xing by over Rs 19,000.
Hyundai Motor India will launch an upgraded version of the premium sedan Sonata this week, at the same price as that of the existing model, in an attempt to boost sales of the vehicle.
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