Page 5 - Hyundai Motor India

Hyundai to install new plant in S Korea, to produce 200,000 EVs a year

Hyundai will invest 2 trillion won ($1.5 billion) building the plant, which will cover 548,000 square meters of land at a former motor racing circuit

Hyundai India set for SUVs accounting over 60% of sales in 2023: COO Garg

Hyundai Motor India Ltd is on track to achieving 60 per cent of its total domestic sales from SUVs this year with models like Creta and the newly launched Exter accelerating the growth, according to company COO Tarun Garg. With exports accelerating in the last three months, the company is also confident of sustaining its overseas shipments momentum despite concerns over global geopolitical situation. "We will end up with more than 60 per cent at the end of the year which is what we said at the beginning of the year...We are now almost reaching there," Garg told PTI. He was responding to a query on how much would SUVs contribute to the company's overall sales considering the traction its models have witnessed in the market. He further said,"For us the good thing has been that SUV contribution has moved to 63 per cent in October and year-to-date at 59 per cent as against industry SUV percentage of 48 per cent. So that has really helped us to outperform the industry in terms of Januar

India recorded flat car and SUV sales in Navratri this year: Report

Between Shraadh and Navratri this year, the total car sales were around 330,000 units, 16% higher than 283,000 last year

Stand 'firmly' with General Motors Talegaon workers: Maharashtra CM

State government assures workers, says better compensation, jobs among solutions being worked out

Maruti eyeing bigger pie of global car market, aims to 3X exports by 2030

Maruti Suzuki reported its best-ever exports which reached 259,333 units for the financial year 2022-23

All vehicles to come with 6 airbags as standard, says Hyundai Motor India

Hyundai Motor India on Tuesday said all its models in the country would now come with six airbags as standard. The automaker also announced that it has decided for voluntary participation in the recently introduced Bharat NCAP with 3 models to begin with, and more models to follow. Under the Bharat NCAP programme, car manufacturers can voluntarily offer their vehicles tested as per the Automotive Industry Standard (AIS) 197. Based on the performance of the car in the tests, the vehicle will be awarded star ratings on a scale of 0-5, for adult occupants (AOP) and child occupants (COP). Potential car customers can refer to these star ratings to compare the safety standards of different vehicles and accordingly make their purchase decision. The carmaker also announced that its mid sized sedan Verna has received a five-star rating in adult and child occupant protection by Global NCAP. Hyundai Motor India MD & CEO Unsoo Kim said safety for all is the company's utmost priority. "We ha

Hyundai reports highest ever monthly sales in September at 71,641 units

Hyundai Motor India on Sunday said its total wholesales increased 13 per cent year-on-year to 71,641 units in September, its highest ever in a month. The country's second largest carmaker had dispatched 63,201 units to dealers in September last year. Domestic sales last month rose to 54,241 units, up 9 per cent from 49,700 units in September 2022, Hyundai Motor India said in a statement. Exports were higher at 17,400 units last month from 13,501 units in September 2022, an increase of 29 per cent. "While the industry grew by 2 per cent last month, our domestic dispatches were up 9 per cent. The share of SUV sales in our overall volumes continues to grow," Hyundai Motor India COO Tarun Garg told PTI. The ongoing festive season has resulted in strong sales momentum, helping the automaker achieve 9 per cent growth, he added. "Our strong SUV portfolio has received a further boost with the exceptional customer response to the newly launched Exter," Garg said. The company has garnere

Hyundai Motor India net profit jumps 62.3% to Rs 4,709.25 cr in FY23

Hyundai Motor India Ltd posted a 62.3 per cent jump in consolidated net profit to Rs 4,709.25 crore in the fiscal ended March 31, 2023 with the company breaching the Rs 60,000 crore revenue mark in the fiscal, according to financial data accessed by business intelligence platform Tofler. The company, which is the second largest passenger vehicles manufacturer in India, had posted a consolidated net profit of Rs 2,901.59 crore in 2021-22. Revenue from operations of the company increased to Rs 60,307.58 crore in FY23 as against Rs 47,378.43 crore in FY22. The company's total production in FY22-23 was at 7.27 lakh units over 6.06 lakh units in the previous year, an increase of 20 per cent. In terms of sales, Hyundai Motor India Ltd (HMIL) which sells popular SUVs such as Creta and Venue along with Alcazar, Tucson, sedans Verna and Aura, and hatchback Grand i10 NIOS, posted its highest ever sales in FY23. Domestic sales in FY23 were at 5.67 lakh units as compared with 4.81 lakh units

Riding on fresh demand, Hyundai Motor sees around 9% growth in FY24

Between January to December 2022, HMIL had sold 552,511 units, a 9 percent YoY growth

Hyundai i20 facelift now starts at Rs 6.99 lakh, drops the turbo-petrol

The turbo petrol will be reserved for the N Line variant of the Hyundai i20 which will be launched at a later date

Hyundai Motor's India unit to buy General Motors' Maharashtra plant

The South Korean firm said it intends to upgrade the existing infrastructure at the Talegaon unit and start manufacturing in 2025. The plant currently has an annual production capacity of 130,000 unit

Hyundai Motor India bags over 50,000 bookings for micro SUV Exter

Hyundai Motor India on Wednesday said it has bagged over 50,000 bookings for its recently launched entry-level SUV Exter. The company had launched the model in India on July 10. "This SUV has redefined benchmarks in the country and offers customers superior safety with six airbags as standard..the response to Exter is euphoric, so much so that the bookings have zoomed from 10,000 pre-launch to 50,000-plus in less than 30 days of launch," Hyundai Motor India COO Tarun Garg said in a statement. The trims with sunroof constitute more than 75 per cent of total bookings signalling a big thumbs up from the customers for the segment raising benchmark features introduced in the Exter, he added. The Exter, which comes with 20 first in segment features, is priced between Rs 5.99 lakh and Rs 9.99 lakh (ex-showroom).

Hyundai drives in micro SUV Exter with price starting at Rs 5.99 lakh

Hyundai Motor India on Monday forayed into the entry-level SUV segment in the country with the launch of all-new model Exter, with introductory prices ranging between Rs 5.99 lakh and Rs 9.31 lakh (ex-showroom). The model, which competes directly with Tata Motors Punch, comes powered by a 1.2-litre petrol engine mated with both manual and automatic variants. The five-speed manual trims, which deliver fuel efficiency of 19.4 km per litre are priced between Rs 5.99 lakh and Rs 9.31 lakh. The five-speed automatic variant is tagged at Rs 7.96 lakh with a claimed fuel efficiency of 19.2 km per litre. The CNG trim is priced at Rs 8.23 lakh with an efficiency of 27.1 km per kg. Speaking at the launch, Hyundai Motor India MD and CEO Unsoo Kim said with the launch of Exter, the automaker has now become a full-range SUV manufacturer in the country. He noted that the company has invested Rs 950 crore on the development of the model. Outlining Hyundai's commitment to the Indian market, Kim

Top headlines: GST council meet on July 11, India Inc Q1 profit may rise

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Hyundai Motor's Exter to take on Tata's Punch in entry-level SUVs

Punch has already hit sales volume of 10k-11k units a month

Hyundai Motor reports 5% rise in retail sales at 65,601 units in June

Hyundai Motor India Ltd (HMIL) on Saturday said its total wholesales increased 5 per cent to 65,601 units in June 2023. The automaker had dispatched a total of 62,351 units to dealers in June 2022. Domestic sales rose 2 per cent to 50,001 units last month from 49,001 units in the year-ago period, the company said in a statement. Exports in June rose 17 per cent to 15,600 units as compared with 13,350 units in the same month last year, it added. "There is a positive customer traction for all our products and Verna, Creta, and Tucson have attained leadership positions in their respective segments in the first half of CY23," HMIL COO Tarun Garg noted. The company is now looking forward to introducing Exter SUV in the market, he added.

Hyundai declares target of selling 2 mn EVs by 2030, to invest $85 bn

The latest goal of the South Korean car manufacturer is an update from its earlier target of selling 1.87 million EVs by 2030

Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant

In October, Hyundai Motor Group began the construction of a 300,000-unit-a-year EV and battery plant in Georgia, aiming to begin commercial production in the first half of 2025

Automakers to invest $10 billion for enhancing EV manufacturing capacity

The capital expenditure will be allocated towards building green-field plants for EVs, better research and investment in battery plants, and support for grid charging infrastructure

Hyundai Motor to invest Rs 20,000 cr for EV manufacturing in Tamil Nadu

Hyundai Motor India on Thursday said it will invest Rs 20,000 crore in a phased manner in Tamil Nadu over the next ten years to make further inroads into electric vehicles and modernisation of vehicle platforms. The automaker will invest in phases starting in 2023 till 2032. "Hyundai has been one of the largest manufacturers and consistent investors in Tamil Nadu. This strategic partnership is a testimony to Hyundai's commitment to boost the socio-economic development in the state and make the country self-reliant," Hyundai Motor India MD and CEO Unsoo Kim said in a statement. As part of our long-term vision, the company has finalised plans to develop and establish Tamil Nadu as a base for Hyundai's EV manufacturing in India, he added. "This will help us to strengthen our portfolio and provide best-in-class features and technologies in our vehicles which will exceed our customer aspirations," Kim stated. The company said it will set up a battery pack assembly unit with an annual .