Hyundai Motor India Ltd (HMIL), India's second-biggest carmaker, on Friday launched premium hatchback Getz to enlarge its product portfolio and boost sales.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
Hyundai Motor India on Thursday hiked prices of its various cars, including Santro and Sonata by upto Rs 10,700.\n\n\n\n
Hyundai's entry-level Santro still packs a punch but, flanked by spunkier siblings, seems worn out.
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
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
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'.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
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.
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The compact segment makes up for nearly 25 per cent of car sales in India.
Designated I-League champions Mohun Bagan have announced a donoation of 20 lakh in the fight against the coronavirus pandemic while Bhaichung Bhutia will feature in Asian Football Confederation's (AFC) public awareness campaign on the COVID-19 pandemic,
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
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.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
India's second-biggest carmaker Hyundai Motor India on Friday said its sales surged 13.4 per cent in May 2004.
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.
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.
Popular new models like Maruti Ciaz and Hyundai Elite i20 are reported to get dearer in a few days time.
Currently, Hyundai has 400 dealerships and over 270 rural sales outlets supported by over 1,000 service centers across India.
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.
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.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
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.
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