Page 10 - Hyundai Motor India

Hyundai Motor India sales rise 18.2% to 57,852 units in December 2022

Hyundai Motor India Ltd on Sunday reported an 18.2 per cent increase in total sales at 57,852 units in December 2022. The company had sold 48,933 units in the same month in 2021, Hyundai Motor India Ltd (HMIL) said in a statement. Domestic sales grew by 20.2 per cent last month at 38,831 units as compared to 32,312 units in the year-ago month. Exports also increased by 14.4 per cent at 19,021 units as against 16,621 units in December 2021, the company added. For the calendar year 2022, HMIL said it recorded its highest-ever domestic sales at 5,52,511 units with a growth of 9.4 per cent over 5,05,033 units posted in 2021. Cumulative sales in 2022 stood at 7,00,811 units as against 6,35,413 units in 2021, a growth of 10.3 per cent. Exports grew by 13.7 per cent last year at 1,48,300 units as compared to 1,30,380 units in 2021, it added. HMIL Director (Sales, Marketing & Service) Tarun Garg a strong product portfolio aligned with consumer trends has led to HMIL recording its ...

Hyundai Motor India to increase vehicle prices from January 2023

Hyundai Motor India Ltd on Thursday said it will increase prices of its vehicles across models from next month citing rising input cost. The company joins the likes of market leader Maruti Suzuki India, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India and MG Motor, who have also made the year-end announcements to hike prices from next month to partially offset the impact of rising input costs. In a statement, Hyundai Motor India Ltd (HMIL) said, "The company has continued to absorb rising costs, however (it) will now pass on a part of the input cost increase through a revision in prices across its model range." New prices for HMIL model range come into effect from January 2023, it said but did not elaborate the quantum of the proposed price hike. HMIL said it will "continue to make consistent internal efforts to minimise price impact to customers".

Nov car sales zoom to record high; Maruti, Hyundai post double-digit growth

Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month

Hyundai reports 36% increase in total sales in Nov to 64,004 units

Hyundai Motor India on Thursday reported 36 per cent increase in total sales at 64,004 units for November 2022. The company had dispatched 46,910 units to dealers in the same month last year. Domestic sales were up 30 per cent to 48,003 units as against 37,001 units in November last year, the company said in a statement. Exports increased 61 per cent to 16,001 units as compared with 9,909 units in the year-ago period, it added. Hyundai Motor India Director (Sales, Marketing & Service) Tarun Garg said the company is well poised to achieve its highest ever domestic sales in 2022.

Hyundai to introduce global battery electric platform in India with Ioniq 5

Hyundai Motor India on Thursday said it will introduce its global dedicated battery electric vehicle platform in the country with its upcoming model Ioniq 5, slated to debut in the Auto Expo in January next year. The Ioniq 5 will be the company's first model in the country based on the electric Global Modular Platform (E-GMP). "With the introduction of E-GMP to India, we will be able to provide customers with advanced battery electric vehicles, derived from a platform that is modular, scalable and versatile," Hyundai Motor India MD & CEO Unsoo Kim said in a statement. Conceptualised and engineered to pivot the future transformation of electric mobility, E-GMP will usher in a new league of electric vehicles for the new age customers in India, he added. The automaker currently sells a single electric model -- Kona Electric in the domestic market. Last year, the South Korean auto major had announced plans to invest around Rs 4,000 crore to drive in six electric vehicles in India by .

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Hyundai Motor India sales increase 33% at 58,006 units in October

Hyundai Motor India on Tuesday reported a 33 per cent increase in total sales at 58,006 units in October. The company had dispatched 43,556 units to dealers in October last year, HMIL said in a statement. Domestic sales increased 30 per cent to 48,001 units last month as compared to 37,021 units in October 2021. Exports grew 53 per cent to 10,005 units as against 6,535 units in the year-ago month.

Hyundai Motor India posts highest PAT in 4 years at Rs 2,861.77 cr in FY22

Hyundai Motor India Ltd recorded a 55 per cent rise in its profit after tax at Rs 2,861.77 crore in the fiscal ended March 31, 2022, its highest in four years, according to financial data accessed by business intelligence platform Tofler. The company, which is an unlisted entity, had posted a profit after tax (PAT) of Rs 1,847.16 crore in 2020-21, down from Rs 2,355 crore that it had recorded in 2019-20. The previous highest PAT of Hyundai Motor India Ltd (HMIL) was at Rs 2,581.73 crore in 2018-19. In the fiscal ended March 31, 2018 the company had posted a PAT of Rs 2,124.17 crore, according to the data by Tofler. In terms of operating revenue, it was also the highest in four years at Rs 47,042.79 crore in FY22, as compared to Rs 40,674.01 crore in FY21. The Indian arm of South Korean auto major had posted an operating revenue of Rs 42,978.63 crore in the fiscal ended March 31, 2020. In 2018-19, the company registered its highest operating revenue at Rs 43,258.09 crore. For the

Domestic PV sales see record jump in Sept with onset of festival season

The sales figures released by the top nine carmakers saw a jump of 89.6 per cent to 306,211 units

TaMo takes a shot at mainstreaming EVs with sub-Rs 10-lakh priced e-Tiago

India's first electric car is acknowledged to be the Lovebird, from Eddy Current Controls (India) in 1993

Oops! Wrong Hyundai. Govt's industrial policy misfires again with PLI gaffe

Picking the wrong Hyundai is just embarrassing. Going down a protectionist path reminiscent of the country's own, impoverished socialist past is the bigger folly

Will post highest ever domestic sales in 2022: Hyundai's Tarun Garg

Says product portfolio in line with customer's choice for SUVs, non-committal about sales volume; Hyundai's best show so far was in 2018 at 550,002 units

Hyundai India opens bookings for Venue N Line; here's what to expect

The compact SUV comes with various exterior and interior changes to give it a sporty styling, inspired by motorsport.

Hyundai India expects semiconductor shortage issue to improve next year

Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present, according to a senior company official. The second largest passenger vehicle maker in the domestic market by volume has been facing stiff competition from homegrown manufacturers Tata Motors and Mahindra & Mahindra, which are riding high on their new SUV models. Besides, Maruti Suzuki India has also revved up its SUV plans with the launch of new Brezza and Grand Vitara. Leading up to the festive season, HMIL, the maker of popular SUVs, Creta and Venue is sitting on a backlog of 1.3 lakh pending orders. "2022 is driven more by the chip issue, so the real situation of demand will only emerge once we are able to produce with no constraints of semiconductor supplies and that is sometime away," Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg told PTI in an interaction. He was ...

Hyundai Motor India reports 6% increase in sales at 63,851 units in July

Hyundai Motor India Ltd (HMIL) on Monday reported 6 per cent increase in total sales at 63,851 units in July 2022. The company had sold 60,249 units in the same month last year. Domestic sales were at 50,500 units last month as against 48,042 units in July 2021, a growth of 5.1 per cent, HMIL said in a statement. Exports grew 9.4 per cent at 13,351 units as compared to 12,207 units in the year-ago month, it added. "With the improvement in the semiconductor situation, the passenger vehicle segment is showing positive trends riding on the green shoots of pent-up demand and customer desire towards personal mobility," HMIL Director (Sales, Marketing & Service), Tarun Garg said. The company's newly launched SUV Tucson has also received strong customer response, he said adding, "We remain optimistic towards the future prospects of the Indian auto industry.

A backlog of 653,000 units: Carmakers stare at a long road to delivery

Year-on-year dispatches to dealers (counted as sales) declined during most of FY22

Hyundai to unveil all new Tucson SUV on Wednesday; here's what to expect

Hyundai Tucson SUV will be seen with fresh exterior styling, a revamped cabin, and new features

Hyundai announces wage deal, Ford India extends plant shutdown date

At a time when the workers of two car manufacturers are negotiating severance package and wage revision, Hyundai Motors India Ltd has announced the inking of wage agreement with its worker's union

SUVs drive Hyundai Motor India's diesel model sales to three-year high

The local arm of Hyundai Motor has benefitted after some leading manufacturers pulled the plug on diesel models amid tightening regulations

Hyundai India confident of keeping SUV lead as competition heats up

Korean carmaker introduces facelift of popular model Venue, plans more launches