In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
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 Motor India Limited head H S Lheem will meet Prime Minister Manmohan Singh on Monday to discuss issues concerning HMIL, which is the single largest Korean investor in India
Korean auto major Hyundai Motor Co on Thursday launched entry level compact car Eon that has been developed specifically for the Indian market, at an introductory price of between Rs 2.69 lakh (Rs 269,000) and Rs 3.71 lakh (Rs 371,000), ex-showroom Delhi.
The government is considering the option of inviting fresh applications to bid for the fourth slot which fell vacant after one of the initial candidates who qualified, Hyundai Global Motors, exited from the production-linked incentive (PLI) scheme for advanced chemistry cell battery storage with a capacity of 20 GwH. Earlier, stakeholders had expected that the vacant slot would be offered to waitlisted players ranked on their technical and financial offer. A final decision will be taken soon.
Hyundai Motor India Limited, a wholly owned subsidiary of Hyundai Motor Company S Korea, is investing an additional $220 million to expand the capacity of company's Chennai plant, a top company official said on Friday.
The Grand i10 AT competes with hatchbacks such as the Maruti Ritz AT, Honda Brio AT and Nissan Micra CVT.
The country's second largest carmaker, Hyundai Motor India, on Friday said it is cutting production by 25 per cent and will work two shifts instead three from the next week following a slump in demand.
Let's see if Liva can live up to the expectations of the hatchback buyers and what will woo them to buy it as compared to Maruti Suzuki Swift, Hyundai i20, Ford Figo, and others.
The car starts at Rs 4.66 lakh.
Hyundai's Grand i10 jostled with Maruti's Swift, making space for itself in a sub-segment that is witnessing growth.
It is as different as chalk and cheese when you step inside the cabin of all these cars.
Strong festive demand in October helped carmakers register a seven-per cent volume growth in the domestic market, even as the largest player, Maruti Suzuki, reported low single-digit growth.
Hyundai has managed to maintain this 20 per cent share even though competition has become fierce
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".
Sunil Pahilajani, managing director and CEO, Caparo India, said that the plant, which will operate as a wholly-owned subsidiary of Caparo India, under its division Caparo Vehicle Products India, will commence production in the final quarter of 2008-09. Caparo signed the technical support agreement with Hyundai Motor on Monday evening. The facility to be set on 20 acres will employ 200 people to start off with.
Disappointed with dismal sales of its top end premium sedan Sonata, Hyundai Motor India Ltd will launch a diesel variant of the model this October, while it is readying to introduce a CNG driven small car by early next year.
The plant will double the company's production capacity to 6 lakh cars per annum and strengthen its Indian operations as a global manufacturing hub for Hyundai's small cars. The second plant, which has been developed adjacent to the first plant, was inaugurated on Saturday by Tamil Nadu Chief Minister M Karunanidhi.
Apart from pricing it attractively, Hyundai has taken enough precaution to see that EON's quality, at no point, has been compromised.
Fascinating cars the Korean auto giant is working on. These have technologies such as eye-tracking, gesture-based control and self-healing paint.
The hydrogen-powered vehicle is available for lease in Los Angeles and Orange Counties of Southern California.
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.
The export of the cars would commence next year, M Inderjith, vice-president (productions), Hyundai Motor India Ltd, said speaking at the launch of 'i10' in Coimbatore on Monday night. i10 recently made its world debut in New Delhi. India would be the sole production and export hub of the car.
Hyundai Motors finally launched their much anticipated Sports Utility Vehicle (SUV) Santa Fe in the Indian market just as the festive season kick started.
India's biggest car maker Maruti Udyog Ltd on Monday said it would also increase the prices of its cars following suit of its nearest rival Hyundai, which announced hike in prices of its two models Getz and Accent to be effective this week.
Hyundai Motors India, which last year gifted 100 cars to Chennai City Police, plans to donate furniture to needy schools across Tamil Nadu as part its community development programme.
The balloons, streamers, stars and flowers are all over. Workers ready cars for delivery -- there are number plates to screw in, wheels to polish and accessories to fit.
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.
Hyundai is all set to launch its Sports Utility Vehicle Santa Fe in the Indian market this festive season.
Hyundai Motor on Wednesday sought New Delhi's support to make India an export hub for small cars, while expressing interest to bid for a $500 million Delhi Metro contract for supply rolling stock. \n
Hyundai Motor India on Wednesday said its car sales grew by 21 per cent during January-June 2003 to 65,307 units, following good demand for the newly launched compact car Santro Xing.
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'.
Around 800 workers at Hyundai Motor India's Sriperumbudur factory, who were on hunger strike, were arrested on Wednesday.
Bengaluru outpaced Mumbai, Delhi, and Pune in 2023 to become India's leading city for electric car registrations. The city's tech-savvy workforce, increased acceptability, zero road tax, subsidised electricity for EV charging, and a wide charging station network contributed to this surge. Electric car registrations in Karnataka's capital surged more than threefold in 2023 to 8,690 units, overtaking the growth witnessed in the other three cities, according to data from Jato Dynamics
