Hyundai’s Chinese business is grappling with a sales slump linked to diplomatic tensions inbetween Seoul and Beijing.
30 Aug, 2017, 08.37AM IST
Hyundai receives over 7,000 bookings for fresh Verna
“The next-gen Verna bookings are almost dual of our monthly target,” HMIL MD & CEO YK Ko.
31 Aug, 2017, 06.00PM IST
Boost to Make in India: Hyundai plans to shift production of Verna from Korea to India
Hyundai will use its manufacturing facility near Chenn.
1 Sep, 2017, 01.19AM IST
Car sales up in August ahead of festive season, cess hike
While sales of mini cars (Alto, WagonR) remained virtually vapid at 35,428 units, those of compacts (Swift, Celerio, Ignis, Baleno, DZire, Tour S) rose 62% to 74,012 units.
Car companies like Maruti, Hyundai are wooing cash-rich babus, faujis after arrears pay
The salary hike under the Seventh Pay Commission recommendations and the payment of arrears would, industry executives hope, cushion the cess hike influence.
Hyundai Motor Group faces govt calls to address “big governance risk”
Shares of key Hyundai group companies rose following the report, with Hyundai Motor gaining Two.Four percent and Hyundai Mobis gaining Two.6 percent, outperforming the overall market’s 0.1 percent decline.
Hyundai seeks clarity on definition of luxury cars
Under the current GST rates, the company’s models such as all fresh versions of its sedans Verna and Elantra attract the same rate as luxury models from BMW, Mercedes and Audi.
Hyundai introduces the next-generation Verna at Rs 7.99 lakh
This fresh mid-sized sedan will be pitched mainly against Maruti Suzuki’s Ciaz and Honda’s City sedans.
‘Indian passenger vehicle segment to grow 7-9% in FY18’
There is no production constraint for us. We have a flexi production system, says YK Koo, Managing Director of Hyundai Motor India
Auto companies fear request slump from higher cess
For manufacturers of larger cars, such as Mercedes Benz, Audi, BMW, Honda Cars & Toyota, the influence is expected to be more pronounced once the revised levy comes into effect.
Hyundai plans long-range premium electrical car in strategic shift
Hyundai confirmed a report that it is developing its very first dedicated electrified vehicle platform, which will permit the company to produce numerous models with longer driving ranges.
Hyundai Motor Q2 net profit halves as China, US sales sag
For the 2nd quarter ended June, Hyundai Motor reported a net profit of eight hundred seventeen billion won ($729.14 million), down fifty one percent from a year ago – the 14th such decline in a row.
Higher car cess not needed to protect government revenue, say companies
Carmakers argue that higher cess was not needed to protect the government’s revenue base, with volume buoyancy ensuring sufficient levy mop-up even at a lower level of tax.
Hyundai unveils 5th gen Verna; launch later this month
“We have set a target of Ten,000 deliveries before Diwali,” Hyundai Motor India (HMIL) Managing Director & CEO, YK Koo told reporters.
No-frill puny cars become passe, feature-rich four wheels very first choice for millennials
Unlike their parents, fresh generation buyers doesn`t want foot-of-the-ladder entry-level car, and are instead buying feature-laden machines with their very first paychecks.