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
Hyundai Motors India
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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
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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
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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
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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
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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
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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.
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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 Manufacturers (SIAM) on Monday.
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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 Honda, which posted its best month ly sales, enjoyed good numbers in March.
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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 will have a capacity of 1.5 lakh units and entail an investment of Rs 400 crore.
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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.