Hyundai Motors India

First food: business of taste

Good Food is First Food. It is not junk food. It is the food that connects nature and nutrition with livelihoods. This food is good for our health; it comes from the rich biodiversity of our regions; it provides employment to people. Most importantly, cooking and eating give us pleasure. …

Hyundai Bets on Diesel Models to Fuel Growth

India’s second largest automaker has a plan to counter dip in September sales At a time when Hyundai has taken giant strides in shedding its image of a cheap carmaker in the West and gained respect for quality and value, the Korean auto brand is in danger of losing its …

Automakers urge Pranab not to raise duty on diesel cars

New Delhi Urging the government not to raise excise duty on diesel cars, top executives of country's leading automobile firms met the finance ministry officials on Wednesday. The finance ministry, which has been mulling over imposing additional levy on diesel vehicles, in the meantime has asked automakers to provide production …

Carmakers Fuel up on Diesel After Petrol Hike

Companies expedite plans to roll out more models to meet demand Carmakers are fast-tracking their diesel vehicle plans and planning offers to push petrol cars as the latest petrol price increase is set to accelerate India’s race to become a diesel market. The widening petrol-diesel price differential over the last …

Auto demand to be further skewed towards diesel

With petrol prices hiked again today and fears remaining about price volatility of the deregulated fuel, auto manufacturers in the country are expecting a jump in demand for diesel-driven passenger vehicles. Oil marketing companies, reeling under huge losses due to high crude price in the international market and the rupee …

Diesel cars overtake petrol ones in sales

Riding on the lower retail price of fuel, diesel automobiles for the first time ever surged ahead of petrol models in December last year, capturing more than 50% of the passenger vehicle market comprising cars, SUVs and utility vehicles. Industry numbers accessed by TOI show that diesel vehicle sales have …

Hyundai clears plan to set up diesel engine plant

New Delhi: Within days of FM Pranab Mukherjee deciding against imposition of additional tax on diesel vehicles, Hyundai has finalized plans to set up a diesel engine plant in India. The company, that currently imports diesel engines to strap on cars like i20 hatchback and the Verna sedan, is likely …

Rs 3k cr investment on hold as cos await clarity on diesel'

Lack of clarity on diesel pricing policy has resulted in automobile companies, including Maruti Suzuki and Hyundai, holding up investments of more than Rs. 3,000 crore in India, according to industry body SIAM. "Many of our members are still unclear whether they should invest on diesel technology or not in …

Diesel pricing: Auto majors put Rs 3k crore investments on hold

Even as car sales in India rose an annual 13.1 per cent in February, lack of clarity on the part of the government in the diesel sector has forced a number of automobile manufacturers in holding back their investments. Not only is there a lack of clarity on diesel pricing, …

Hyundai launches three-new LPG powered variants of Eon

NEW DELHI: Automobile major Hyundai Motor Monday launched three new liquified petroleum gas (LPG) powered variants of its hatchback Eon D-Lite plus, Era plus and Magna plus priced between Rs.2.98 lakh and Rs.3.42 lakh. "The D-Lite plus offers a host of features, all for less than Rs.3 lakh. Similarly, Era …

Fuel-efficient SUVs: flavour of the season

Car makers are increasingly seeing sport-utility and multi-purpose vehicles tailored to Indian conditions as a growing opportunity in the country, where the buyer, they say, is prepared to pay more. More than a dozen sport-utility vehicles or SUVs were unveiled on Thursday as the Eleventh Auto Expo started with domestic …

Car companies drive into rural India

Use non-posh outlets to serve non-metro and rural customers who reflect rising income levels and unmet demand. Car makers are reaching out to consumers in rural centres as high lending rates slow urban demand. Though overall passenger vehicle sales are down over the first eight months of the current financial …

Diesel Drives Used-Car market

With rise in petrol prices, demand for diesel cars of Suzuki Swift, Mahindra Logan & Ford Fiesta have increased MUMBAI: Used diesel cars are defying conventional wisdom and appreciating with age, with prices revving up nearly 12% over the past six months. This has happened as the gap between petrol …

Hyundai to Introduce New Small Car in India

Auto parts suppliers to Hyundai Motor Co.'s Indian unit have been informed that the company will likely introduce a 0.8-liter small car in October as the country's second-largest car maker by sales steps up competition with key rivals Maruti Suzuki India Ltd. and Tata Motors Ltd. Executives at two parts …

Domestic car sales fall 16% in July, first time since 2009

Domestic car sales posted a 15.76 per cent decline in July, the first time after January 2009. This can be primarily attributed to the hike in lending rates, rising fuel prices and lower production by market leader, Maruti Suzuki, according to the Society of Indian Automobile Manufacturers (SIAM). The domestic …

Car Sales Post Slowest Growth in 27 Months at 1.62% in June

Rising interest rates, fuel prices force consumers to tighten purse strings Domestic car sales fell for the third straight month in June, its lowest in 27 months, prompting the industry body to scale back the year

Electric vehicle makers may get tax sops

New Delhi To give a fillip to environment-friendly vehicles, a committee formed by the heavy industries ministry is considering lucrative tax breaks and incentives for automakers to produce and sell electric vehicles. The committee, which would also have representatives from the industry, has been set up to identify the challenges …

April Car Sales Grow least in 2 Yrs

Car sales increased at the slowest pace in nearly two years last month, pulled down by rising prices, loan rates and fuel costs. Domestic car sales rose 13% year-on-year to 1.62 lakh in April, the slowest growth since June 2009, according to data released by the Society of Indian Automobile …

Auto sales stutter in March

Car sales in the country showed signs of slow down in March despite market leader Maruti Suzuki India posting its highest-ever monthly domestic sales as rival Hyundai posted only a marginal increase, while Tata Motors saw a decline over the same month last year. However, two-wheeler makers led by Hero …

Hyundai to set up diesel engine plant

New Delhi: Hyundai India - the country's largest car exporter - has said it is ready to sacrifice crucial export market to increase sales in India as it looks to launch new models and start a new diesel engine factory. Hyundai India president HW Park said the diesel engine plant …

Automakers turn to rural India to jump-start growth

Sutanuka Ghosal & Anuradha Himatsingka KOLKATA WITH automobile sales zooming high, automakers are sprucing up their presence in rural markets which have emerged as one of the major revenue drivers for them. While some like Maruti Suzuki have decided to tie up with ITC

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