DriveInside.com | Monday March 8, 2010
All vehicle segments in India continued to grow in February 2010 on the back of new launches and the expected price-hike in the coming months. Almost all passenger car companies announced an increase in their vehicle prices after the excise-duty was hiked last week. There will be a further increase in prices in April, following the implementation Read More...
DriveInside.com | Sunday March 7, 2010
Hyundai Motor India Limited (HMIL) organised a 77-kilometre car rally – the ‘Miles and Smiles Rally 2010’ – in Ahmedabad last week. As many as 80 Hyundai i10 owners participated in the rally, which was sponsored by the Indian Oil Corporation Limited and Wynn’s Mekuba (as associate sponsor). The ‘Miles and Smiles Rally’ is an initiative by Hyundai Read More...
DriveInside.com | Saturday February 27, 2010
A number of auto companies in the country have hiked car prices following the announcement of Budget 2010-11 last week, which increased the excise duty on all non-oil products from 8 percent to 10 percent. The excise duty on bigger cars, which stood at 20 percent earlier, has also gone up to 22 percent. The companies that have announced definitive Read More...
DriveInside.com | Thursday February 25, 2010
South Korean auto company, Hyundai, announced the recall of 47,000 units of the Sonata this week, to correct a fault in the car’s front-door latch. The automaker had earlier said that it would halt the sale of the Sonata in the US. Hyundai’s quick response to the problem is in sharp contrast to Toyota’s rather slow waking up to the serious defects Read More...
DriveInside.com | Tuesday February 23, 2010
Hyundai Motor India Limited (HMIL) recently crossed the 1-million mark in car exports, becoming the first company in the country to reach the important milestone. The company first entered the export market in 1999, when it exported a batch of Santros to Nepal. It has come a long way since then, and is now exporting to 110 countries worldwide. The Read More...
DriveInside.com | Tuesday February 2, 2010
Auto makers in the country continued to record high car sales in January 2010, on the back of several new model and variant launches and the impending hike in car prices later in the year. Market leader Maruti Suzuki posted a 21 percent sales growth in the month by selling 81,087 units in the domestic market, while Hyundai Motor grew by 40 Read More...
DriveInside.com | Sunday January 24, 2010
The President of the Republic of Korea, His Excellency Lee Myung-Bak, and First Lady Kim Yoon-ok, visited Hyundai Motor India’s manufacturing facility in Chennai this week. The Korean President was in India for the country’s Republic Day celebrations, where he had been invited as Chief Guest. Interestingly, H.E. Lee Myung-bak has a background in Read More...
DriveInside.com | Thursday January 21, 2010
Close on the heels of price hikes by competitors Maruki Suzuki and Tata Motors, Hyundai Motor India Limited (HMIL) too has announced a 1-1.5 percent increase in model prices starting from February 1, 2010. The company said that it would hike prices by up to Rs 9,000, but did not give details of the quantum of increase for each of its models. It Read More...
DriveInside.com | Wednesday January 6, 2010
Hyundai India unveiled the electric version of its compact car, the i10, at the 2010 Auto Expo in Delhi this week. The zero-emission car was first showcased at the Frankfurt Motor Show in September 2009. It is powered by a 49 kWh electric motor and a 16kWh battery. The car uses advanced Lithium-Ion-Polymer (LiPoly) technology which gives it a Read More...
DriveInside.com | Saturday January 2, 2010
Passenger vehicle sales in India continued to grow at double-digit rates in December 2009 on the back of government stimulus, easy car loans and a spate of attractive offers by car companies. Maruti Suzuki’s passenger car sales were up from 52,029 units in December 2008 to 71,000 units in December 2009 – an increase of 36.5 per cent. Tata Motors Read More...
DriveInside.com | Wednesday December 30, 2009
Hyundai Motor India Limited (HMIL) last week promoted Mr Arvind Saxena to the post of a full-time Director of the company, with a seat on its board. Saxena had joined HMIL in 2005 as Vice Presient, Sales and Marketing, and was made Senior Vice President in 2008. He has made significant contributions to HMIL’s growth and consolidation in India. As Read More...
DriveInside.com | Monday December 28, 2009
Hyundai Motor India Limited (HMIL) will be showcasing the electric version of its most widely sold compact car, the i10, at the 2010 Delhi Auto Expo. The company already sells a CNG version of the car. Other Hyundai vehicles running on alternative fuels include CNG and LPG versions of the Santro and the Accent.
The i10 electric is a Read More...
DriveInside.com | Monday December 28, 2009
Hyundai Motor India Limited (HMIL) has been posting higher sales figures for the i10 compared to the Santro over the past few months. The average monthly sales figure of the i10 stands at 12,000 units, while the Santro’s average monthly sales have fallen from 12,000 units in the year 2000, to the current 7,000 units. While the Santro has been a Read More...
DriveInside.com | Monday December 21, 2009
South Korean carmaker Hyundai is planning to enter a 50:50 joint venture with China’s Batotou Ben Bei Heavy-duty Truck Co., to tap the East Asian country’s rapidly growing auto market. The $400 million venture will manufacture heavy trucks, and is aiming to sell 100,000 units, annually, by 2014. A Korean auto industry analyst said that the new JV Read More...
DriveInside.com | Saturday December 5, 2009
Workers at Hyundai Motor India Limited (HMIL) decided not to go on strike last week, after the Tamil Nadu labour department initiated reconciliatory measures. The main demand of the company’s Employees Union is that the management reinstate the 60 workers whom it had suspended after a strike in July this year. The workers are also demanding that Read More...
DriveInside.com | Wednesday December 2, 2009
Passenger car sales in India rose significantly in November 2009, on the back of a low-base effect and festival discounts. Car sales had plummeted by 19.3 per cent in November 2008, compared to sales in the same month in 2007.
Maruti Suzuki posted a 61.6 per cent growth in domestic sales, up from 47,103 units in November 2008, to 76,106 units Read More...
DriveInside.com | Wednesday November 25, 2009
Workers at Hyundai Motor India Limited (HMIL) have threatened to go on strike yet again, starting from December 5, 2009. The workers’ main demand is that their Labour Union be recognised by the company. HMIL spokesperson Rajiv Mitra said that the employees had not made any monetary demand, their average salary being among the best in the country Read More...
DriveInside.com | Wednesday November 18, 2009
Car maker Hyundai Motor is planning to launch another small car, to be placed below the Santro. The new MD and CEO of Hyundai Motor India Limited (HMIL), Mr HW Park, told mediapersons that the company was developing a small car in Korea, specifically for the Indian market, at an investment of Rs 800 crore. Details about the car’s pricing and Read More...
DriveInside.com | Wednesday November 4, 2009
In marked contrast to last month’s Tokyo Motor Show, the Delhi Auto Expo to be held in January 2010 is attracting automakers from all over the world. Media reports say that though there are still two months left for the Expo, the venue – Pragathi Maidan - is already fully booked. The Auto Expo will begin on January 5, and will go on for a week. Read More...
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Audi, BMW, Chevrolet, Ford, Honda, Hyundai, Mahindra, Mahindra Renault, Maruti Suzuki, Mercedes-Benz, Porsche, Tata, Toyota
DriveInside.com | Tuesday November 3, 2009
Hyundai Motor India Limited (HMIL) CEO and Managing Director, HS Lheem, will transferred to the company’s headquarters in Seoul this week. He will be succeeded by Senior Executive Director of HMIL, HW Park. Lheem joined HMIL in 2005, and has been responsible for many of the company’s major achievements. Significant among these was to make the Read More...
DriveInside.com | Tuesday November 3, 2009
Festival discounts and new car launches continued to provide an upward thrust to auto sales in October 2009. Market leader Maruti Suzuki saw a 21 per cent increase in domestic sales, and a whopping 158.5 per cent increase in exports. The company sold a total of 71,551 units in India in October 2009, compared to 59,127 units in October 2008. Read More...
DriveInside.com | Wednesday October 28, 2009
Hyundai Motor India Limited (HMIL) has filed a case against Mahindra Renault in the Delhi High Court, accusing the latter of using the name ‘Sandero’ for a compact car it is planning to launch, which sounds very similar to Hyundai’s own well-established Santro. The Korean company is accusing Mahindra Renault is trying to cash in on the popularity Read More...
DriveInside.com | Tuesday October 27, 2009
Hyundai Motor India Limited (HMIL) is sparing no effort to expand its used-car business, Hyundai Advantage, in the country. Launched in the year 2006, Hyundai Advantage today has 69 dealers in 49 locations across India. The company plans to increase the number of dealers to 108 by the end of 2009, and 200 by the end of 2010. Under the exchange Read More...
DriveInside.com | Thursday October 15, 2009
Hyundai Motor India Limited (HMIL) may phase out its only SUV in the country, the Hyundai Tucson. Faced with stiff competition from Ford’s Endeavour, Toyota’s Fortuner, Chevrolet’s Captiva and Mitsubhishi’s Pajero, the Tucson has been able to sell only 3 units in the past four months. This is largely due to the high import duty on the vehicle, Read More...
DriveInside.com | Wednesday October 7, 2009
Several car makers in India whose exports to Europe soared in the past year due to the scrappage schemes offered by various European countries, may now see a reduction in their sales. The incentives offered to those exchanging their old cars for small, fuel-efficient cars will lapse by the end of 2009. While Germany and Austria have already ended Read More...