The Santro played a key role in establishing Hyundai in the Indian car market. It was the company's first product here launched in 1998.
To gain tax advantage and to create additional capacity for domestic market
The name of the new car, which will be officially launched in New Delhi on October 23, is 'All New Santro'
Hyundai is the only company among top five exporters to clock a growth this year
The company did not disclose the financial details
The company has commissioned a study to explore manufacturing of such vehicles in India and is currently studying various aspects of battery manufacturing and sourcing parts from the local market
Tax rates for CBUs is about 70% in Vietnam, but only 10-12% for CKD units
The proposed investment of the company, which has so far put Rs 210 billion in India, would be towards developing nine new products over the next three years, according to the HMIL MD & CEO
Trump said on March 1 the US plans to order tariffs of 25 per cent on imported steel and 10 per cent on aluminum
The 1.6 petrol variants of Verna are priced at Rs 968,000 and Rs 1.2 million while the diesel 1.6 trims are tagged between Rs 942,000 and Rs 1.2 million
The price hike will range from 2 to 5% and will be effective from Sept 11
After a supplier refused to provide parts due to delays in payment
The company had sold 43,201 units in August 2016, HMIL said in a statement
Facing capacity constraint, firm is yet to take a call on setting up a new mfg unit in the country
The recall aims at addressing a manufacturing defect that leaves residues in some engines
Automobile companies are planning to invest around Rs 13,000 crore investment in the State. The automajors include Hyundai, CEAT and PSA Peugeot. The development comes at a time when the state lost some of the big ticket investments include Kia's to the neighbouring state.Speaking at the Assembly today, M C Sampath, minister for Industries, Tamil Nadu Government said that Hyundai is planning to invest around Rs 5,000 crore in expansion.While the company officials were not available for comment immediately, the Minsiter said Kia Motors decided to invest in Andhra Pradesh because they have a global policy, which states Hyundai and Kia will not facility in the same state.According to Tamil Nadu Government Industry Department's Policy note, which was tabled at the State Assembly today shows Hyundai is planning to invest around Rs 5,000 crore in expanding cars and cars engines capacity.Early this year, Hyundai Motor India Ltd (HMIL's) Managing Diretor Y K Koo said that that the existing ..
Hyundai to consider brand rebooting in China to enhance China-Korea ties
Hyundai Motor India today launched all new version of its compact sedan Xcent priced between Rs 5.38 lakh and Rs 8.41 lakh (ex-showroom Delhi). The six petrol variants are priced between Rs 5.38 lakh and Rs 7.51 lakh while the five diesel trims are tagged between Rs 6.28 lakh and Rs 8.41 lakh. "The fast changing trends and rising customer aspirations have always been the key driving force at Hyundai," the company's MD & CEO Y K Koo told reporters here. Considering the evolving market dynamics and customer voice, the company keeps enhancing its products, he added. "With over 2.5 lakh cars sold in domestic and international markets since 2014, we are confident that the all new Xcent will create a new benchmark in its segment," Koo said. The sedan comes with various new features like LED daytime running lights, wheel air curtains for better aerodynamic stability, shark fin antenna, among others. Koo said that the company sold a total of 6.62 lakh units last year. In the ...
Ganesh Mani S has been elevated as Senior Vice President - Production
The Korean auto major looks to upgrade the brand's status and experience