Hyundai Motor India on Monday reported a 7 per cent year-on-year increase in total sales at 65,601 units in March. The company sold a total of 61,500 units in March 2023, Hyundai Motor India said in a statement. Domestic dispatch of vehicles to dealers saw an increase of 5 per cent to 53,001 units last … Read more
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to … Read more
Mumbai: South Korea’s Hyundai Motor Co is evaluating a plan to list its local unit to take advantage of India’s IPO boom, said people with knowledge of the matter. The move, which comes nearly three decades after Hyundai Motor India (HMIL) was launched, could be the country’s largest initial public offering if it comes to … Read more
India’s top electric car maker Tata Motors is urging the government not to cut taxes on hybrid cars as they are more polluting than pure electrics, countering calls from Toyota for lower levies, according to three sources and a company letter. India is promoting electric vehicles (EV) as part of Prime Minister Narendra Modi’s drive … Read more
Hyundai Motor is set to invest a substantial amount of Rs 7,000 crore to revamp its recently acquired second plant in India. The automotive giant successfully acquired the dormant factory from General Motors Co., marking a significant development in the Indian automotive landscape. The investment agreement is poised to be officially signed at the annual … 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
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
Good morning! It’s Tuesday, December 19, 2023, 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. The Hype Behind Tesla Stock Success In 2023 1st Gear: Nevada Tesla Factory Workers Get Pay Raise Tesla … Read more
