Page 6 - Hyundai Motor India

Hyundai signs deal with Tamil Nadu for Rs 20,000 cr investment in EV space

Car manufacturer will set up battery pack assembly unit with an annual capacity of 178,000 units

Maruti, Hyundai witness drop in retail sale market share in FY23: FADA

Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with shortage of electronic components, according to automobile dealers' body FADA. Tata Motors, Mahindra & Mahindra and Kia India on the other hand witnessed an increase in their market share based on the retail sales last fiscal. As per the Federation of Automobile Dealers Associations (FADA), the retail sales of country's largest carmaker Maruti Suzuki India rose to 14,79,221 units in 2022-23 fiscal, attaining a market share of 40.86 per cent. It had retailed 12,39,688 units in 2021-22 and grabbed a market share of 42.13 per cent. Earlier, the auto major had stated that it faced shortage of electronic components last fiscal with an order backlog of around 3.8 lakh units. Similarly, Hyundai Motor India saw an increase in retail sales at 5,25,088 units last fiscal, however its market share dropped to 14.51 per cent. It had sold 4,79,027 units

Hyundai may soon launch Ai3 sub-compact SUV in India: here's what we know

Expected to be launched later this year, the upcoming Hyundai Ai3 is a micro SUV, said to be a version model of Hyundai Casper

Hyundai Motor to introduce all-new sports utility vehicle in Indian market

Hyundai Motor India on Wednesday said it will introduce an all-new sports utility vehicle in the country. The company currently sells models like Venue, Creta, Alcazar and Tucson in the sports utility segment in the domestic market. "Hyundai has been one of the forerunners to induce new mobility experiences and we are all set to once again excite customers with an all-new SUV that is coming soon to take you places," Hyundai Motor India COO Tarun Garg said in a statement. The company, however, did not share any details about the engine, or size of the vehicle. Built to bring out the explorer, this all-new SUV will evoke unfiltered experiences with advanced technology, superior safety and strong performance, the automaker said without divulging details. The sports utility vehicle segment has emerged as the fastest growing segment in the domestic passenger vehicle segment.

Hyundai March sales up 11%; records highest ever dispatches in FY23

Hyundai Motor India on Saturday logged 11 per cent increase in wholesales at 61,500 units last month as compared with 55,287 units in March 2022. Domestic dispatches in March 2023 rose 13 per cent to 50,600 units as compared with 44,600 units a year ago. Exports rose to 10,900 units from 10,687 vehicles in the same period a year ago. Total sales in last fiscal year stood at 7,20,565 units, up 18 per cent from 6,10,760 units in 2021-22. It is the company's highest-ever sales in a financial year since commencing operations in the country. Domestic dispatches last month rose to 5,67,546 units from 4,81,500 units in 2021-22. Exports were higher 18 per cent year-on- year to 1,53, 019 vehicles. "FY 22-23 has been a phenomenal year for Hyundai Motor India, as we introduced seven segment defining products like the all-new Hyundai Tucson, new Venue, Venue N Line, all electric IONIQ 5, new Grand i10 NIOS, new AURA and the all-new Verna catering to different segments thus giving a strong p

Hyundai Motors joins the list of increasing plant acquisitions in India

ArcelorMittal Nippon Steel and JSW Steel are fighting it out for NMDC's steel plant, while Tata inches closer to the iPhone plant acquisition

Hyundai Motor India launches Hyundai Pavilion on Metaverse space

Hyundai Pavilion on Metaverse will introduce the much awaited all-electric SUV Hyundai Ioniq 5 for users to experience its various features

Aided by SUVs, Hyundai Motor India posts highest-ever sales in 2022

The rise is mainly credited to better performance in the sports utility vehicle (SUV) segment by the company and the industry

Domestic passenger vehicles sales up 23% to record of 3.79 mn units in 2022

Domestic passenger vehicles sales rose by 23 per cent to a record of 37.93 lakh units in 2022 led by the likes of Maruti Suzuki, Hyundai and Tata Motors as the companies rode on easing of pandemic related challenges and semiconductor shortages to cash in on pent up demand, specially for SUVs. Other manufacturers like Toyota Kirloskar Motor and Skoda India also reported record sales in 2022. "The industry wholesales in January to December 2022 were just short of 38 lakh units. It was 37.93 lakh units against 30.82 lakh in 2021, which is a growth of 23 per cent," Maruti Suzuki India Senior Executive Officer, Marketing & Sales Shashank Srivastava told reporters in a virtual conference. He further said the 2022 wholesales are "the highest ever in the industry for a calendar year" and the last highest was in 2018 which was 33.3 lakh units. "So, this is about 14 per cent higher than the highest ever," he added. On the reasons for the growth, Srivastava said, "I believe this resurgence .

Hyundai Motor India sales rise 18.2% to 57,852 units in December 2022

Hyundai Motor India Ltd on Sunday reported an 18.2 per cent increase in total sales at 57,852 units in December 2022. The company had sold 48,933 units in the same month in 2021, Hyundai Motor India Ltd (HMIL) said in a statement. Domestic sales grew by 20.2 per cent last month at 38,831 units as compared to 32,312 units in the year-ago month. Exports also increased by 14.4 per cent at 19,021 units as against 16,621 units in December 2021, the company added. For the calendar year 2022, HMIL said it recorded its highest-ever domestic sales at 5,52,511 units with a growth of 9.4 per cent over 5,05,033 units posted in 2021. Cumulative sales in 2022 stood at 7,00,811 units as against 6,35,413 units in 2021, a growth of 10.3 per cent. Exports grew by 13.7 per cent last year at 1,48,300 units as compared to 1,30,380 units in 2021, it added. HMIL Director (Sales, Marketing & Service) Tarun Garg a strong product portfolio aligned with consumer trends has led to HMIL recording its ...

Hyundai Motor India to increase vehicle prices from January 2023

Hyundai Motor India Ltd on Thursday said it will increase prices of its vehicles across models from next month citing rising input cost. The company joins the likes of market leader Maruti Suzuki India, Tata Motors, Mercedes-Benz, Audi, Renault, Kia India and MG Motor, who have also made the year-end announcements to hike prices from next month to partially offset the impact of rising input costs. In a statement, Hyundai Motor India Ltd (HMIL) said, "The company has continued to absorb rising costs, however (it) will now pass on a part of the input cost increase through a revision in prices across its model range." New prices for HMIL model range come into effect from January 2023, it said but did not elaborate the quantum of the proposed price hike. HMIL said it will "continue to make consistent internal efforts to minimise price impact to customers".

Nov car sales zoom to record high; Maruti, Hyundai post double-digit growth

Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month

Hyundai reports 36% increase in total sales in Nov to 64,004 units

Hyundai Motor India on Thursday reported 36 per cent increase in total sales at 64,004 units for November 2022. The company had dispatched 46,910 units to dealers in the same month last year. Domestic sales were up 30 per cent to 48,003 units as against 37,001 units in November last year, the company said in a statement. Exports increased 61 per cent to 16,001 units as compared with 9,909 units in the year-ago period, it added. Hyundai Motor India Director (Sales, Marketing & Service) Tarun Garg said the company is well poised to achieve its highest ever domestic sales in 2022.

Hyundai to introduce global battery electric platform in India with Ioniq 5

Hyundai Motor India on Thursday said it will introduce its global dedicated battery electric vehicle platform in the country with its upcoming model Ioniq 5, slated to debut in the Auto Expo in January next year. The Ioniq 5 will be the company's first model in the country based on the electric Global Modular Platform (E-GMP). "With the introduction of E-GMP to India, we will be able to provide customers with advanced battery electric vehicles, derived from a platform that is modular, scalable and versatile," Hyundai Motor India MD & CEO Unsoo Kim said in a statement. Conceptualised and engineered to pivot the future transformation of electric mobility, E-GMP will usher in a new league of electric vehicles for the new age customers in India, he added. The automaker currently sells a single electric model -- Kona Electric in the domestic market. Last year, the South Korean auto major had announced plans to invest around Rs 4,000 crore to drive in six electric vehicles in India by .

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Hyundai Motor India sales increase 33% at 58,006 units in October

Hyundai Motor India on Tuesday reported a 33 per cent increase in total sales at 58,006 units in October. The company had dispatched 43,556 units to dealers in October last year, HMIL said in a statement. Domestic sales increased 30 per cent to 48,001 units last month as compared to 37,021 units in October 2021. Exports grew 53 per cent to 10,005 units as against 6,535 units in the year-ago month.

Hyundai Motor India posts highest PAT in 4 years at Rs 2,861.77 cr in FY22

Hyundai Motor India Ltd recorded a 55 per cent rise in its profit after tax at Rs 2,861.77 crore in the fiscal ended March 31, 2022, its highest in four years, according to financial data accessed by business intelligence platform Tofler. The company, which is an unlisted entity, had posted a profit after tax (PAT) of Rs 1,847.16 crore in 2020-21, down from Rs 2,355 crore that it had recorded in 2019-20. The previous highest PAT of Hyundai Motor India Ltd (HMIL) was at Rs 2,581.73 crore in 2018-19. In the fiscal ended March 31, 2018 the company had posted a PAT of Rs 2,124.17 crore, according to the data by Tofler. In terms of operating revenue, it was also the highest in four years at Rs 47,042.79 crore in FY22, as compared to Rs 40,674.01 crore in FY21. The Indian arm of South Korean auto major had posted an operating revenue of Rs 42,978.63 crore in the fiscal ended March 31, 2020. In 2018-19, the company registered its highest operating revenue at Rs 43,258.09 crore. For the

Domestic PV sales see record jump in Sept with onset of festival season

The sales figures released by the top nine carmakers saw a jump of 89.6 per cent to 306,211 units

TaMo takes a shot at mainstreaming EVs with sub-Rs 10-lakh priced e-Tiago

India's first electric car is acknowledged to be the Lovebird, from Eddy Current Controls (India) in 1993

Oops! Wrong Hyundai. Govt's industrial policy misfires again with PLI gaffe

Picking the wrong Hyundai is just embarrassing. Going down a protectionist path reminiscent of the country's own, impoverished socialist past is the bigger folly