Adding a new dimension to the ongoing price war, Hyundai Motor India on Thursday introduced the export variant of its premium hatchback, Getz GLE, in the Indian market priced at Rs 415,000.
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.
The Pune plant will manufacture excavators up to 20 tonne and payloaders. Hyundai Korea already sold around 300 imported excavators in India in the last few years. Company managing director J S Kim said Hyundai is considering India as a strategic market where mining and construction sector is witnessing a boom.
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.
Hyundai eyes sales of three lakh units this year.
Declaring a price war against rival Maruti's Swift, Hyundai Motors India Ltd launched its new premium hatchback Getz Prime, starting from Rs 3,89,000.
Hyundai Motor India Ltd will hire NRI's and expatriates in executive positions as part of a new recruitment policy that aims at tapping global talent in the automotive industry, the company said on Tuesday.
Maruti recorded a 13.12% year-on-year surge in average revenue earned per car in 2023 compared to M&M's 7.56%, Hyundai's 6.76% and Tata Motors' 1.88%.
Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a "short-term" issue. In an interaction with PTI at the launch of the company's first mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49 lakh (with 45 kWh battery) Shailesh Chandra, managing director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said that the company is looking to achieve one-lakh electric vehicle sales this financial year. Curvv EV is the second car based on the advanced Pure EV architecture - acti.ev, which marks Tata Motors' entry into the highly competitive mid-size SUV segment and will be competing with the likes of MG ZS EV, Hyundai Creta and Maruti Suzuki Grand Vitara, among others.
The company had rolled out the first car -- a hatchback Santro -- from the Sriperumbedur facility in September 1998.
One of the main selling points of the i20 is its easy to drive nature.
The new Santro, with a premium feel, is proof that when it comes to offering latest features and with it design at competitive prices, small cars are no longer shying away from entering a territory once occupied only by larger models, says Pawan Lall.
Last year it had entered Spain, China, Vietnam and Pakistan as well.
Hyundai Motor India Ltd on Tuesday said that tis new sedan Verna will be launched in India during the third quarter (Jul-Sept) of 2006, which will be slotted between its Accent and Elantra models.
If you are planning to buy an electric car in the near future, it would be highly advisable to wait for these upcoming electric SUVs.
The company has so far sold about 15 lakh (1.5 million) units of Santro in the country. The new model under Santro Non-Ac are priced at Rs 2,63,000, while Santro GL and GLS are priced at Rs 3,28,000 and Rs 3,48,000 respectively. The LPG variant of Santro GL is priced at Rs 3,49,000, whereas the LPG variant of Santro GLS is priced at Rs 3,69,000.
Hyundai Motor India also plans to raise its sales in the overseas market this year.
Commenting on the company's performance, HMIL managing director and chief executive officer, BS Seo said: "We surpassed our targets of selling 4 lakh vehicles in the domestic market by adding new products like Xcent, Elite i20 and Santa Fe to our robust product portfolio."
'The decrease in the popularity of white cars and the rise in preference for darker colours like black, grey, and blue over the past three years reflect changing consumer attitudes.'
The Eurozone crisis is likely to bring down Hyundai Motor India's exports to 2.25 lakh cars this year against 2.47 lakh last year, a top company official said.
Hyundai Motor India Ltd will increase the prices of its flagship model Santro next month due to rising input costs made by an appreciating rupee.
Hyundai Motor India on Thursday hiked prices of its various cars, including Santro and Sonata by upto Rs 10,700.\n\n\n\n
Renault Kwid is also the longest of the lot and at 3680mm length, the vehicle may turn out to be the most spacious in its segment.
It is quite interesting to look at the cars closest rivals and how they stand against this much trusted model.
The new Ford Fiesta diesel takes on the current favourite, the Hyundai Verna CRDi. Business Standard plays referee.
Named 'i Tech', will be available with engine options of 1.1 litre and 1.2 litre.
This year's tally is the second best ever after 2022 when 16 firms raised Rs 40,311 crore, led by LIC's biggest-ever IPO.
Hyundai Motor India, a wholly owned subsidiary of Korean Hyundai Motor Company, on Thursday reported a 28 per cent increase in sales for the month of January at 20,911 units.
Chung Mong-hun was embroiled in the embarrassing scandal over payment of money to North Korea to agree to a historic summit with South Korea.
The Sonata's back. Can it sing its way to success?
The company, which is slated to introduce a new compact car later this year, is also mulling taking on Maruti Suzuki's Dzire and Honda Cars India's Amaze with a new sub-four metre sedan.
The Hyundai i20 Active is an equipment-loaded car which increases the practicality of a hatchback.
While the country's largest car maker, Maruti Suzuki India, said its car will become costly by two per cent, Hyundai Motor India said it will result in a price rise of Rs 6,500-25,000 on average.
The company officials that visited Dholera will submit their recommendations to the company board for a final investment decision in this regard.
Hyundai has invested $1.8 billion in India.
