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Archive for the 'Hyundai Motors' Category

Car sales gain momentum in April

Published May 9th, 2008 in Hyundai Motors, General motors India and Maruti Suzuki. 0 Comments

The domestic auto market is showing signs of revival thanks to the 4 percentage point cut (400 bps) in excise duty on cars and two-wheelers announced in February. April witnessed a jump of more than 17 per cent in the car segment, while sales in the utility vehicle segment rose by 31 per cent, as compared with the corresponding month last year. Read more
Courtesy: www.indiacar.net

Hyundai Motor India Limited inaugurates new dealership in Bangalore

Published May 3rd, 2008 in Hyundai Motors. 0 Comments

Hyundai Motor India Limited (HMIL), inagurated a new dealership in the city taking the count of dealers in the state to 13.

With the inauguration of the new dealership, the total number of dealers in southern region is now 54, a top official said. Read more
Courtesy: economictimes.indiatimes.com

Car makers set to scorch motown with new launches

Published May 3rd, 2008 in Fiat India, HM/Mitsubishi, Honda India, Hyundai Motors, Launches, Tata Motors, Volkswagen, volvo and Maruti Suzuki. 0 Comments

It’s hot. Last year it almost touched 18. And this year it’s expected to go through the roof. New launches in motown are all set to ignore price hikes and the threat of an impending credit squeeze. With automakers bullish on new rollouts, this year promises to be a blockbuster for car lovers across the country. At the top-end fat cat segment of the automobile business, brands such as, Ferrari, Alfa Romeo, Lexus, Aston Martin and Maserati might finally make their Indian debut.

While at the more modest-end of the spectrum, a slew of domestic and international carmakers are waiting to unleash a few surprises. Auto firms such as, Fiat, Volvo, Hyundai, Maruti Suzuki, Volkswagen, Tata Motors, Honda Siel and Mitsubishi Motors are all in queue to yank the covers off their gleaming beauties. Read more
Courtesy: economictimes.indiatimes.com

Hyundai domestic sales up 36.71 pc in April

Published May 1st, 2008 in Hyundai Motors. 0 Comments

Car maker Hyundai Motor India Ltd (HMIL) on Thursday reported a 36.71 per cent jump in domestic passenger car sales during April at 21,501 units, against 15,728 units in the corresponding month of 2007.

The company’s cumulative sales (including exports) during April were up 47.77 per cent at 40,001 units, compared to 27,069 units in the same month a year ago, Hyundai Motor India said in a statement. More
Courtesy: indiacar.net

Toyota’s small sedan to debut by 2010

Published April 11th, 2008 in Hyundai Motors and Toyota India. 0 Comments

World’s second largest car maker Toyota Motor Corporation (TMC) has joined the small car bandwagon.

After producing a range of utility vehicles and premium sedans during its decade long stint in India, it plans to debut its new global compact sedan by 2010. It is setting up a new manufacturing facility by investing Rs 1,400 crore to initially produce 1 lakh cars annually. More
Courtesy: economictimes.indiatimes.com

Four-wheeler sales hit speed-breaker

Published April 8th, 2008 in Hyundai Motors and Maruti Suzuki. 0 Comments

THE growth in the four-wheeler industry witnessed a slowdown in the first quarter of 2008 while the two-wheeler sector continued to bleed due to high interest rates and stringent financing norms.

Passenger cars clocked low volumes. In March 2008, Maruti reported a 2.1 per cent decline in volumes while Hyundai’s i10 wrested the market share in the A2 segment. But with excise duty cuts in the budget, volumes in the automotive sector are likely to perk up.

Hyundai Motor India crossed the 500,000 mark in exports with the i10 model in March. HMIL doubled its production capacity from 300,000 units to 600,000 units per annum with the commissioning of its new plant at Chennai in February. More
Courtesy: www.indiacar.net

Hyundai small car to drive out of Chennai plant

Published April 5th, 2008 in Hyundai Motors. 0 Comments

Hyundai Motor India (HMIL), the wholly-owned subsidiary of South Korean auto major Hyundai Motor Company, plans to roll out its low-cost cars, priced at around $3,500, from India.

The low-cost cars, which will compete with the Tata Nano, are at the evolution stage at its R&D centre in Seoul. The company is yet to take a final call on the production schedule. More
Courtesy: economictimes.indiatimes.com

Hyundai exports touch half a million

Published March 28th, 2008 in Hyundai Motors. 0 Comments

India?s second largest passenger car maker, Hyundai Motor India Ltd (HMIL) on Thursday said that it exports touched half a million units including the newly launched i10. The company also said that it would produce 5.3 lakh units, of which 2.12 lakh units would be exported during the year. More
Courtesy: www.indiacar.net

Hyundai Motor, Caparo to make buses in India

Published March 24th, 2008 in Hyundai Motors. 0 Comments

South Korea’s Hyundai Motor Co said on Monday it had agreed with UK-based Caparo Group’s Indian unit to produce and sell high-end buses in India, targeting the fast-growing commercial vehicle market. More
Courtesy: economictimes.indiatimes.com

Hyundai becomes associate sponsor for IPL

Published March 14th, 2008 in Hyundai Motors. 0 Comments

Car maker Hyundai has become one of the six associate sponsors of the upcoming Indian Premier League (IPL) by buying air time rights from the official broadcaster Sony Set Max.

“Hyundai has bought air time rights for this season of IPL, which will have 59 matches beginning April 18,” HMIL Senior Vice-President Sales and Marketing Arvind Saxena told to media
More
Courtesy: economictimes.indiatimes.com

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