Page 2 - Hyundai Motor India

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

Hyundai total sales at 51,263 units in May; exports at 8,970 units

The company's two plants in Chennai observed the scheduled biannual maintenance shutdown leading to no production for six days in the month (May 16-21), the automaker said in a statement.

Hyundai Motor total sales decline 5% in April; exports up to 12,200 units

Hyundai Motor India on Sunday reported a 5 per cent decline in total sales at 56,201 units in April 2022.

Suzuki Motor powers EV rush in India with Rs 10,440-crore investment

Maruti's rivals, such as Hyundai and Tata Motors, have announced elaborate plans for electrification of their products

Hyundai Motor Feb sales fall 14% to 53,159 units, exports down 10.7%

The company had sold 61,800 units in the same month last year, Hyundai Motor India said in a statement

Hyundai India reports 11% dip in total sales at 53,427 units in January

Hyundai Motor India on Tuesday reported a 11.11 per cent decline in total sales at 53,427 units in January 2022.

Hyundai Creta tops SUV exports from India in 2021 with 32,799 units

Hyundai Motor India on Tuesday said its model Creta has led the SUV exports from India in 2021 with dispatches of 32,799 units. Overseas shipments of the model grew 26.17 per cent year-on-year over 2020 when it had dispatched 25 995 units. In total, the automaker noted that it exported 42,238 SUVs last year. "Ever since its global debut, Creta has been a runaway success in domestic and international markets alike. It has been successful in evoking aspirations and has stood the test of time by retaining customer appreciation, thereby playing a strategic role in Hyundai's Global SUV portfolio," Hyundai Motor India Ltd (HMIL) MD & CEO Un Soo Kim said in a statement. With Creta being the most exported SUV from India, it makes Hyundai one of the most loved SUV brands across the company's overseas markets as well, he added. Besides Creta, the automaker exported 7,698 units of Venue and 1,741 units of Creta Grand (Alcazar). Overall, HMIL registered cumulative exports of 1,30,380 units i

Hyundai Motor's Q4 profit almost halves amid rising prices of raw materials

Analysts warn that soaring prices of raw materials, component shortages and logistical bottlenecks caused by the Covid-19 pandemic are likely to further drive up costs in the current quarter

Confident of retaining leadership position in SUV segment in 2022: Hyundai

Hyundai Motor India looks to maintain its leadership in the segment this year as demand for its models like Creta and Venue continues to be robust

Hyundai expects to sustain double-digit sales growth in 2022 as well

Hyundai Motor India expects robust sales to continue in 2022 as well with various positive factors, like improvement in the availability of semiconductors, aiding the business growth.

Hyundai lines up Rs 4,000 cr investment to drive in 6 EVs in India by 2028

South Korean auto major Hyundai plans to invest around Rs 4,000 crore to drive in around six electric vehicles in India by 2028. The company is planning to roll out a mix of models based on its existing range as well as completely new vehicles based on its global platform 'E-GMP' over the next few years. In an interaction with PTI, Hyundai Motor India MD & CEO S S Kim said that the company is gearing up to expand its presence in the EV space in the country in a big way with the first of the six new products being expected to debut next year. The company would invest around Rs 4,000 crore in the R&D towards the six-model line up till 2028. "As we continue to redefine the mobility space, today we are yet again showcasing our commitment towards Indian customers with the announcement of expanding our BEV line-up to six vehicles for the Indian market by 2028," Kim said. The company is taking experiences beyond mobility and are strongly focusing on intelligent technology, ...

Hyundai India's November sales dip 24.2% YoY on semiconductor shortage

The company's exports during the month also dropped 4.7 per cent year-on-year to 9909 units, it said.

On track to record high double-digit sales growth in 2021: Hyundai

The shift towards personal mobility has really helped, Hyundai Motor India Ltd (HMIL) Director (Sales, Marketing, Service) Tarun Garg told PTI in an interaction

No easy rides: Why is India becoming a graveyard for world's auto majors?

India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, writes T N Ninan