Archive for the 'Hyundai Motors' Category

Hyundai offers discounts to PSU employees

Wednesday, November 26th, 2008

Hyundai Motors India Ltd on Monday announced a cash discount scheme for public sector employees. The offer is an extension of its earlier scheme launched in October for government employees in response to the implementation of the Sixth Pay Commission.
As per the offer, the company is offering a discount of Rs 17,000 on its hatchback […]

Hyundai to consider output cut despite 28% growth

Tuesday, November 18th, 2008

In spite of a 28 per cent growth in the domestic car market for Hyundai Motor India, the company may consider production cuts if the current slowdown continues.
The company is also evaluating price hike to absorb high input costs.
The Director of Sales group, Hyundai Motor India, Mr Y.K. Koo, said the market is becoming increasingly […]

Small is big for Hyundai, GM now

Sunday, November 16th, 2008

In what could further intensify competition with the Tatas’ Nano, Hyundai and General Motors India are actively considering plans to come out with smaller engines for their entry-level models that would give Indian customers additional choice at an aggressive price.
Both Hyundai and GM, which together account for a third of Asia’s second-largest small car market […]

Hyundai to launch car smaller than Santro

Friday, November 14th, 2008

India’s second largest car manufacturer Hyundai Motor
India Ltd today said it would soon launch a car that would be smaller than its Santro model.
“We are working on a car smaller than our Santro but it would take some time before it hits the market,” Hyundai Motor India (HMIL) Senior Vice-President (Marketing and Sales) Arvind Saxena […]

Hyundai adopts cautious approach on production

Thursday, November 13th, 2008

Although Hyundai India has maintained the growth momentum despite the downtrend in the industry which has hit many of its peers, the volatility in the domestic and international automotive markets prompts it to adopt a cautious approach.
Talking to reporters on the sidelines of the unveiling of its two millionth car, Mr H.S. Lheem, Managing Director, […]

Hyundai India reaches 20-lakh sales landmark

Thursday, November 13th, 2008

Hyundai Motor India today achieved yet another milestone as it reached the 20-lakh sales landmark.
?This is also the fastest 20 lakh production for any manufacturer in India and Hyundai Motor India achieved this in just around 10 years,? the company said in a release. More
Courtesy: indiacar.net

Hyundai begins export of i20 to Europe

Wednesday, November 5th, 2008

A shift in preference in favour of smaller cars in Europe has helped Hyundai Motor India Ltd bag orders for the supply of 30,000 units of its latest model, the i20 hatchback.
The order, though small, has come in handy at difficult times, when the market has forced the company to scale down its sales target […]

Hyundai Motor ships out i20 to Europe

Wednesday, November 5th, 2008

Even as it mulls an opportune time to launch the i20 model in India, Hyundai Motor India Ltd rolled out the first batch of the model from its Sriperumbudur plant near here Wednesday for European markets. More
Courtesy: economictimes.indiatimes.com

Exports keep Indian carmakers’ sales ticking

Sunday, October 19th, 2008

Carmakers in India could be struggling to keep sales at home in high growth trajectory, but they are taking heart from the fact that ex ports are soaring to say the least.
During first six months of this fiscal, car exports from India soared by 55.93 per cent, while the sales in the domestic market increased […]

Caparo-Hyundai bus on slow track

Saturday, October 18th, 2008

The UK-based Caparo Group company, Caparo India, is believed to have applied brakes to its luxury bus venture announced with Hyundai Motor Company. Six months after signing a technical pact with the Korean auto giant, the Caparo-Hyundai luxury bus project is yet to take off.
Caparo India had signed a technical agreement with Hyundai Motor Company […]