India’s enduring fascination for sport-utility vehicles (SUVs) is showing no signs of slowing down, fuelled by their practicality, spacious interiors, perceived safety, and an ever-expanding lineup of new models to entice buyers. About 16 passenger vehicle models crossed the 100,000-unit sales mark each in calendar year 2023. More than half of them were SUVs. Maruti … Read more
New Delhi, Hyundai Motor India on Friday said it has completed the acquisition of General Motors India’s manufacturing plant at Talegaon in Maharashtra. The country’s second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos. The acquisition … Read more
Hyundai Motor India expects SUV sales to account for 65 per cent of its overall volumes in 2024, while it gears up to enter the EV segment early next year, aiming to garner 20 per cent of its total sales by 2030, its COO Tarun Garg said on Tuesday. The automaker, which got around 60 … Read more
Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India posted the highest-ever share of sales from rural markets in calendar year 2023 amid improved consumer sentiments and better liquidity among the rural rich. However, inflationary pressures weighed on rural demand for fast-moving consumer goods and consumer durables. While the share of rural sales at Maruti … Read more
The General Motors Employee Union (GMEU) is unlikely to pursue further legal recourse after the Bombay High Court dismissed its plea challenging the closure of the company’s plant in Maharashtra, said people privy to the matter. Instead, it may work out a compensation plan with the US automaker. The union is unlikely to stretch this … Read more
Automobile shipments from India declined 21 per cent last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022. Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 … Read more
Hyundai Motor India achieved the highest-ever domestic sales in the calendar year 2023, surpassing the six lakh sales milestone. The automaker recorded sales of 6,02,111 units, registering a 9 per cent increase over the previous year’s 5,52,511 units. Additionally, Hyundai Motor India elevated its export performance by 10 per cent, shipping 1,63,675 units in 2023 … Read more
Sales of cars, sedans and utility vehicles ended on a strong note last month helping annual volumes breach the four million mark for the first time in 2023. As per industry estimates about 4.1 million passenger vehicles were sold in the local market in the last calendar year, which is an increase of around 8.2% … Read more
Chennai: Hyundai Motor India has roped in popular Bollywood actress Deepika Padukone as its brand ambassador, the Korean automaker said on Friday. Her association adds a touch of star power, emphasising Hyundai’s commitment to style, performance and an unparalleled driving experience, the company said in a statement. “We are thrilled to onboard the incredibly talented, … Read more
Mumbai: More than two dozen new car models will be unveiled or go on sale in 2024 as automakers ride on the momentum of the past two years and launch new battery-run vehicles as part of the transition to electric. This will be the highest number of new model introductions in the non-luxury segment in … Read more
