Hyundai India IPO: Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms

Tata Motors Ltd. and Mahindra & Mahindra Ltd. are closing in on Hyundai Motor Co.’s No. 2 position in India, putting pressure on the South Korean automaker just as it prepares for a record $3.5 billion listing of its local unit. While Hyundai has long wrestled with Tata Motors for the second spot, Mahindra — … Read more

Skoda gears up to introduce new Kodiaq, Octavia in India

Czech carmaker Skoda is looking to drive in new models, including the latest version of its premium SUV Kodiaq, in India to bolster its presence in the country. The automaker has already announced plans to introduce a sub-4 meter compact SUV in the country early next year. Skoda already has a presence in the mid-sized … Read more

Maruti Suzuki India: Maruti Suzuki sales rise 12 pc to 1,79,228 units in June

Automaker Maruti Suzuki India on Monday reported a 12 per cent increase in total wholesales to 1,79,228 units in June. The company had dispatched 1,59,418 units to its dealers in the same month last year, Maruti Suzuki India (MSI) said in a statement. The total domestic passenger vehicle sales were 1,37,160 units last month compared … Read more

Force Motors partners with EY Parthenon India for digital transformation program

Mumbai: Pune-based automaker Force Motors said on Monday it has partnered with strategy consultancy firm EY Parthenon India for its digital transformation programme to boost innovation and productivity across its value chain, among others. The crucial milestones in this partnership include redesigning Force Motors’ digital landscape, implementing advanced digital platforms, technologies and solutions for customers, … Read more

Maruti Suzuki: Maruti announces limited edition ‘Dream Series’ models for select hatchbacks starting at Rs 4.99 lakh

India’s leading automaker Maruti Suzuki on Wednesday announced the ‘Dream Series Limited Edition’ models for Alto K10 VXI+, S-Presso VXI+, and Celerio LXI. These limited edition models will be available only in June 2024. These variants will offer model-specific enhancements designed to enhance safety and utility features. The Dream Series edition of the three models … Read more

Citroen: MS Dhoni appointed as Citroen’s brand ambassador in India

French automaker Citroen on Friday said it has roped in former India cricket captain Mahendra Singh Dhoni as its brand ambassador in India. Dhoni will mark his debut innings with Citroen in a campaign that will soon go live, the company said in a statement. “We believe that our association with one of India’s finest … Read more

Hyundai: Hyundai to rev up India capacity to tap rising demand

Hyundai Motor Group’s Indian operations have been “pivotal” in driving growth at the Korean automotive conglomerate since the pandemic despite recessionary conditions worldwide, Euisin Chung, the group’s executive chair said on Thursday.He said the group is working on expanding annual capacity in India across Hyundai and Kia brands by more than a third to 1.5 … Read more

Elon Musk Apologizes For Underpaying Laid-Off Workers But Still Demands His Own $56 Billion Pay Day

Good morning! It’s Thursday, April 18, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: Elon Musk Actually Apologizes For Something Elon Musk said some of … Read more

Kia India to hike vehicle prices by up to 3 pc from April 1

New Delhi: Kia India on Thursday said it will increase prices of its range of vehicles by up to 3 per cent from April 1, 2024. The decision is attributed to the escalation in commodity prices and supply chain-related inputs, the automaker, which sells models like Seltos, Sonet and Carens, said in a statement. It … Read more

Hyundai sales rise 8.5 pc in January at 67,615 units

Hyundai Motor India on Thursday said its wholesales rose by 8.5 per cent to 67,615 units in January. The automaker had dispatched 62,276 units in the same month last year. Domestic sales saw an increase of 14 per cent to 57,115 units last month from 50,106 units in the year-ago period. Exports, however, declined by … Read more