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Maruti Suzuki, Hyundai Motor ready to rev up small car market in India
Posted on 18th June 2018
With Maruti bringing the new generation Alto and Hyundai introducing a completely new entry-level model, buyers in India’s small car market, who have had little to choose from in the absence of new launches since five years, would now be spoilt for choice.

“We would be launching a contemporary car that will address the entry-level of the car market,” said Rakesh Srivastava, director - sales and marketing at Hyundai Motor India.


Hyundai crosses 8 mn cumulative production milestone in India
Posted on 11th June 2018
New Delhi, Jun 11 () Hyundai Motor India Ltd (HMIL) today said it has crossed 8 million cumulative production milestone since its inception nearly 20 years ago.

The company achieved the landmark with the rolling out of a unit of its newly refreshed SUV Creta, HMIL said in a statement.


Maruti Suzuki scores over nearest rival Hyundai, not just in volume
Posted on 30th May 2018
Maruti Suzuki is not just the country's biggest car maker with a fifty per cent market share. It also makes a significantly higher profit on each car than the industry peers including its nearest rival and Korean car maker Hyundai.

Car makers do not share the profit earned per car though they declare the total profit earned in a year.


2018 Hyundai Elite i20 CVT launched in India at Rs 7.04 lakh: Cheapest automatic in the segment
Posted on 25th May 2018
Hyundai Indian launched the 2018 Elite i20 during the Auto Expo this in February, with a promise that a CVT would be launched in the coming months as well. And now, the Elite i20 CVT has been launched in the country at a starting price of Rs 7.04 lakh (ex-showroom, Delhi), that makes it the most affordable car with a CVT gearbox in the segment. The CVT option will be available in two variants of the 2018 Elite i20 - Magna and Asta, which is priced at Rs 8.16 lakh (ex-showroom).

Hyundai India profit up 6% in 2017 to Rs 22 bn, growth similar to Maruti's
Posted on 21st May 2018
Korean car maker Hyundai, the second-biggest player in the domestic car market, expanded its profit by six per cent in the 2017 calendar year (CY) to Rs 22 billion. The profit increase is identical to market leader Maruti Suzuki's, which saw a five per cent increase in profit for the year ended March 31, 2018. Hyundai’s sales revenue also grew by six per cent in 2017.

All-New Hyundai Santro interiors spied: Most premium Santro ever?
Posted on 15th May 2018
Indian-arm of the Korean automaker, Hyundai Motor India plans to reintroduce its best selling highly popular all-new Hyundai Santro back in the country. While the market debut is still about 4-5 months away, the company is busy testing its new Santro across the country. The car has been spotted several times in Chennai and nearby districts and once it was also spotted testing in the capital.

Biggest car battle of 2018: New Hyundai Santro vs New Maruti Suzuki Wagon R
Posted on 8th May 2018
After almost 20 years, the battle of small tallboy cars is going to intensify again as top two carmakers Maruti Suzuki and Hyundai Motor India plans to bring back new avatar of the Wagon R and Santro hatchbacks. Both Maruti Suzuki Wagon R and Hyundai Santro helped the brands increase their volumes significantly and also paved the way for other successful cars like Maruti Suzuki Swift, Maruti Suzuki Celerio, Hyundai i10, Hyundai Grand i10 and Hyundai i20.

Hyundai to cancel $890 mn in shares under pressure from hedge fund Elliott
Posted on 27th April 2018
Hyundai Motor said it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years - a plan that comes amid heavy shareholder pressure to improve returns, restructure and bounce back from dismal earnings.

US activist hedge fund Elliott Management ramped up pressure on the South Korean automaker this week, calling for a holding company structure, a share cancellation as well as the addition of three independent board members.


Hyundai i30 spotted testing in India again: All you need to know about Hyundai’s super hatch
Posted on 12th April 2018
Hyundai i30, a premium hatchback and an elder sibling to Hyundai i20, has been seen being tested on Indian roads again. A new set of images posted by Powerdrift show the Hyundai i30 yet again completely undisguised. The Hyundai i30 first made its public appearance at the 2016 Paris Motor Show, when the company's new design language debuted.

Hyundai Motors sales up 5% in FY18 at 536,241 units, March sales up 9%
Posted on 2nd April 2018
Hyundai Motor India Ltd (HMIL) on Monday reported a 8.8 per cent increase in total sales at 60,507 units in March 2018.

The company had sold 55,614 units in March last year, HMIL said in a statement.


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