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Hyundai serious about launching compact SUVs
Posted on 13th August 2014
With major car players in India introducing compact SUVs, country’s second largest carmaker Hyundai Motor India Limited (HMIL) does not want to be left behind. Hyundai is ‘serious’ about entering the compact SUV segment and studying the market which according to the company is the fastest growing at present.

The compact SUVs already in the market include Ford EcoSport, Renault Duster, Nissan Terrano and Toyota Etios Cross.

Hyundai cuts exports, launches Elite i20 starting at Rs 4.9 lakh
Posted on 12th August 2014
Hyundai Motor India, the country's biggest car exporter, has decided to shift focus from exports to the domestic market, which is showing signs of recovery after nearly two years of falling sales. The local unit of Seoulbased Hyundai Motor Company has stopped shipments from its Chennai plant to Europe, which will now be catered by the parent's plants in Turkey and the Czech Republic.

Honda overtakes Mahindra, climbs to 3rd spot in July
Posted on 4th August 2014
Japanese carmaker Honda emerged as the third-largest carmaker in July with a 40% jump in volumes to 15,709 units, overtaking home-grown player Mahindra, which saw a drop of 5% in monthly sales to 14,708 units.

With a market share that has more than doubled from about 3% in FY13 to almost 7% (April-June FY15), Honda is behind market leader Maruti Suzuki and Hyundai that command about 44% and 17% market shares, respectively.

Hyundai recalls in US touch 1.3 mn
Posted on 2nd August 2014
South Korea's Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the US after recalling 883,000 Sonata sedans this week, according to US safety regulators.

No injuries or accidents have been reported in the latest recall, the National Highway Traffic Safety Administration (NHTSA) said on its website on Friday.

New cars to be launched in July: Honda Mobilio, Mercedes Benz CLA 45 AMG, more
Posted on 19th July 2014
The month of July is yet to reveal some more surprises. After a spree of launches so far from Nissan Sunny facelift to several limited and special editions from Maruti Suzuki, Hyundai, Renault and Chevrolet, the automakers are leaving no stone unturned to get most out of the season. Where Maruti has brought in limited edition of Ritz and Ertiga, Chevrolet introduced special Manchester United Limited edition of Beat during the football fever. Renault introduced second anniversary edition of Duster, Hyundai launched Grand i10 LPG edition while Volkswagen too joined the movement and launched facelift Polo hatch. Are we missing something? Yes, there will be much touted Honda Mobilio MPV coming in a few days besides a couple of hot wheels from German luxury carmakers. Here is the chronological brief synopsis of each.

Car sales shift gears
Posted on 2nd July 2014
In a revival sign for the country’s troubled automobile industry, nine leading carmakers’ combined sales in June was 18 per cent higher than those in the same month last year.

A new and stable government at the Centre seemed to have bolstered consumer sentiment, as buyers returned to showrooms — the nine passenger vehicle manufacturers that released their numbers on Tuesday sold a combined 204,287 units in the month, compared with 173,624 in June 2013.

Maruti, Hyundai gear up to boost export
Posted on 1st July 2014
After registering a 15 per cent exports drop in 2013-14, the country's largest passenger car maker, Maruti Suzuki India Ltd (MSIL), aims to crack new markets. And, the largest car exporter, Hyundai Motor India Ltd (HMIL), plans to add new models to its export kitty, to maintain its first position.

MSIL exports to over 100 countries and is now focussing on developing new markets —examples are Angola, Mozambique and Benin in Africa, apart from Panama, Uruguay and Colombia.

Hyundai may hike prices if excise duty rises before Budget
Posted on 24th June 2014
With uncertainty looming over excise duty structure on automobiles as reduced rates expire on June 30, Hyundai Motor India may raise vehicle prices if the cess rate is reverted back to the levels before the interim Budget in February.

The company, which is India's second largest carmaker by volume, said it had passed on the entire benefit to the customers while absorbing the impact of change of value on dealer stock which was compensated to dealers when the government reduced excise duty in February.

Auto firms like M&M, Tata Motors, Maruti, Hyundai, Renault and Nissan to spend Rs 10,000 crore on new models, facelifts
Posted on 9th June 2014
MUMBAI: Automobile makers in India have lined up more than Rs 10,000 crore of investment to develop new passenger vehicles and soup up existing ones despite a slowdown in sales, as they strive to meet changing customer demands in a market where products become outdated fast, according to industry executives.

Companies such as Mahindra & Mahindra, Tata Motors, Maruti SuzukiBSE 0.56 % as well as the local units of Hyundai Motor, Renault and Nissan Motor are working on all-new platforms to bring out new products.

Car makers tweak models to attract young buyers
Posted on 7th June 2014
Mumbai: Car makers including Honda Cars India Ltd and Hyundai Motor India Ltd are tweaking the looks and features of existing vehicles in their line-up more frequently to attract young customers put off by ageing models.

In the past six months, Honda has launched the All New City, and Hyundai the new Elantra.

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