Company's new sedan Aura to make global debut in India
BRUSSELS (Reuters) - World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd's <267250.KS> $1.8 billion merger with rival Daewoo <042660.KS> could inflate prices, EU antitrust regulators warned on Tuesday as they opened a full-scale investigation.
The increase has been necessitated on account of rise in input and material costs, Hyundai said
Two-wheeler market leader Hero MotoCorp on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January. The price increase will be across range of two-wheelers and exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. It, however, did not specify reasons for the plan to hike prices. The company currently sells a range of motorcycles and scooters priced between Rs 39,900 to Rs 1.05 lakh. Last week the country's largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs. Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move. Hyundai Motor India and Honda Cars India, however, said they would not increase vehicle prices in January, but their products will see rise in prices when BS-VI compliant models are introduced in the market.
As a part of its 'Strategy 2025', the company aims to sell 670,000 electric vehicles annually
Finance Minister Nirmala Sitharaman spoke of the challenges in maintaining fiscal discipline, while comparing the Modi government's fiscal record with that of the Manmohan Singh government
Maruti Suzuki reported sales of 150,630 passenger vehicles in the domestic market in November, down 1.9 per cent over 153,539 units in the corresponding month last year
Major automobile makers, including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, Toyota and Honda, on Tuesday reported double digit declines in domestic passenger vehicle sales in September as onset of the festive season failed to lift the ongoing slump in the auto industry. The country's largest carmaker Maruti Suzuki India said its domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018. Sales of mini cars comprising Alto and WagonR stood at 20,085 units as compared to 34,971 units in the same month last year, down 42.6 per cent. Sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, fell 22.7 per cent at 57,179 units as against 74,011 cars in September last year. The firm's mid-sized sedan Ciaz sold 1,715 units as compared to 6,246 units earlier. Similarly, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, declined marginally at 21,526 units as ...
Between 2012 and 2015, the company imported nearly 2,300 diesel-powered heavy construction vehicles with engines that did not meet US emissions standards, the US Justice Department said in a statement
Led by Venue, Korean car maker's share rises to 18.36% in first five months of current fiscal, from 15.6 per cent in same period a year ago
Other players like Renault India, Skoda Auto, Volkswagen India saw their market shares increase marginally during April-August this year
It also plans to expand its sales infrastructure in rural areas and small towns which currently account for around 20 per cent of annual sales
The Hyundai Grand i10 Nios - meaning 'more' in Gaelic - attempts to take on the all-conquering Maruti Suzuki Swift. Does it succeed?
Carmakers launched as many as 14 new models between April and July 2019
Toyota, Hyundai halt production; auto part makers Denso, Bellsonica cut 350 jobs each.
The Korean automobile company recently launched an electric car named Kona in India
I took the Kona on a trip to the DLF Golf Club in Gurugram from South Delhi and back, and found the suspension solid and ride quality on par with almost anything in its price or size
Hyundai's rural sales were 17.3 per cent of its FY19 total, as against 15.6 per cent a year before
Hyundai Venue review: A compact SUV built with an eye for detail
Technology powers the advertising narrative for auto brands looking to separate their models from the pack