Two-wheeler major Hero MotoCorp is gearing up to expand its scooter range and consolidate its position in the 125 cc bike segment as it looks to grow faster than the competition, according to CEO Niranjan Gupta. The company plans to roll out both petrol and electric scooter trims and also bolster the production capacity of … Read more
New Delhi/Tokyo: Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio in India to recover its overall market share in the passenger vehicle segment. The company, which currently has around 58 per cent stake in Maruti Suzuki India, said its net sales increased by 732.6 billion yen (15.8 … Read more
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
Korean auto major Hyundai said it will continue to make strategic investments towards increasing production capacity, setting up new manufacturing units, introducing new products and technologies to strengthen its presence in the Indian market. Unsoo Kim, Managing Director, Hyundai Motor India, said, India is a “focal” market for the company. “As we look forward to … Read more
Honda Motorcycle & Scooter India (HMSI) on Monday said it has commissioned a third assembly line at its Vithalapur (Gujarat)-based manufacturing plant. The third line will add an additional production capacity of 6.5 lakh scooter units, taking the total capacity of the facility to 19.7 lakh units per annum. “To serve customers more efficiently with … Read more
