Maruti Suzuki India and Tata Motors reported decline in sales during June this year.
Maruti Alto or Hyundai Eon? The comparison is here!
Issues relating to shortage of key automotive components, which were supposed to be sorted out a month ago, will hit production even for the next two quarters, as slow ramp-up and discrepancies in tyre prices impact output.
A section of employees of auto-maker, Hyundai Motor India went on a flash strike at the company's production unit at nearby Sriperumbudur on Monday, demanding reinstating over 60 employees dismissed last year on grounds of ''unruly practices.''
Tata Group firm Indian Hotels and auto major Mahindra & Mahindra are the only Indian brands to figure in the list of 27 top 'Great Brands of Tomorrow' compiled by Credit Suisse.
H S Lheem, president and chief executive officer of Hyundai WIA, part of the Hyundai Motor Group, announced commencement of the company's first plant in India near Sriperumbudur in Tamil Nadu, in which it's injecting a investment of $4 million.
Reflecting the mood, passenger vehicle sales in November either remained muted or skidded for most manufacturers as high fuel prices and the higher cost of borrowing dampened buying sentiment.
Automakers in India posted their worst growth in recent times in May 2011.
Hyundai has invested $1.8 billion in India.
The new Elantra is 40 mm longer and 25 mm wider than the outgoing model
Although most companies had geared for increased production at their plants, most say the surge in demand was unexpected, partly driven by yesteryear purchases which had been postponed earlier due to lack of funds.
Maruti Suzuki and Hyundai Motors are expected to see overseas sales fall sharply following the recent removal of an incentive scheme.
The Indian made Polo has a competitive price and suits the demands of many markets in South East Asia and Africa.
Shows i10 in poor light two weeks after Hyundai took swipes at Ritz.
Hyundai Motor India Limited (HMIL) has been giving facelifts to its current range of cars. So are the changes on the Hyundai i10 worth it? Dig deeper to get your answers.
Hyundai Motors finally launched their much anticipated Sports Utility Vehicle (SUV) Santa Fe in the Indian market just as the festive season kick started.
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.
Hyundai has managed to maintain this 20 per cent share even though competition has become fierce
Hyundai Motor India Limited (HMIL) is planning to expand its used car business to all the existing dealerships in the country.
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".
Among the cars unveiled at the Auto Expo on Wednesday was Mahindra and Mahindra's e-KUV for Rs 8.2 lakhs ex-showroom Delhi. With a single charge range of 150 km and a 55 min fast charging upto 80 pc, it was both a head-turner and a conversation-starter.
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.
A door lock problem forced Korean carmaker Hyundai to announce the recall of over 47,000 units of its premium sedan Sonata from its home market and the US. However, the move has no impact in India.
The new year has brought good news for almost all car manufacturers, with market leader Maruti Suzuki, Hyundai Motors, Tata Motors, Mahindra & Mahindra, General Motors and even Fiat, posting their highest monthly sales since their inception.
With a slew of new players entering the Indian small car market, segment leaders like Maruti Suzuki India and Hyundai Motor India will face challenge to their domination.
After more than two years, Tata Motors has dislodged Korea's Hyundai Motors in India from the second spot in monthly domestic passenger vehicle sales. The spurt in Tata's June numbers has primarily been due to a dramatic increase in sales of the Nano, after the mother plant at Sanand in Gujarat went onstream last month, as well as a surge in that of the Indigo.
After small cars hogged the limelight, it was the turn of celebrities, including Bollywood stars Shah Rukh Khan, Ajay Devgan and cricketer Sourav Ganguly, to add glitz to the ongoing 10th Auto Expo.
Hyundai has also decided to phase out Getz looking at the growing demand for i20.
Apart from this, the company will roll out its SUV Santa Fe in October this year which will carry a price tag between Rs 20 lakh (Rs 2 million) and Rs 22 lakh (Rs 2.2 million) a unit.
This will help the company cater to markets in the European Union, while availing of the tax incentives there.
Meanwhile, the company on Wednesday launched an advanced version of its mid-sized Verna sedan, priced at Rs 6.56 lakh-Rs 9.22 lakh (ex showroom Delhi).
Close to 50 models were launched in India in the past 12 months, but companies have not been able to realise their potential due to the pandemic.
Buying a second-hand car has become hassle-free, courtesy the presence of corporate players like Maruti Suzuki's True Value and Mahindra and Mahindra's First Choice.
buyer. Car companies on Monday reported double-digit increases in sales in April 2010 over April 2009.
Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 142,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year.
"They (Mahindra Renault) are planning to launch Sandero, which is very similar sounding to our Santro. Both are hatchbacks and Santro is an established trademark and they are trying to get mileage out of it," a senior HMIL official said.
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.
Automobile component manufacturers are rejoicing over a sudden 30-40 per cent spurt in demand in February. Analysts are, however, not entirely sure of the reason for this high growth; many are doubtful if it can be sustained, given the other gloomy signals. An analyst says, "Almost all car makers have either completely withdrawn or drastically reduced their promotional offers." Also, payment issues as far as vendors are concerned remains a problem.
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
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