First Hyundai Motor India cut prices of its cars owing to CENVAT reduction, then they cut production and now Hyundai will increase prices by up to 2% in January across all its models like it had done in June. The company took a price mark-up ranging from Rs 1,000-18,000 in June.
Hyundai Motor Company is a South Korean automaker found in 1967. Hyundai is amongst the world’s largest carmakers and is India’s second largest carmaker. Hyundai cars are known for their quality, competitive price, feature loaded offerings, low cost of ownership and attractive styling. Hyundai entered the Indian market in 1996 with the introduction of Hyundai Santro hatchback that gathered tremendous appreciation. Hyundai offers hatchbacks, sedans and SUVs in India. Hyundai has India specific models that are specially designed for the Indian conditions. In 2013, Hyundai launched the Grand i10 in India, which is the top selling model for Hyundai India.
The slowdown in sales has not only caused Toyota to cut production but even Hyundai Motor India plans to cut production by up to a quarter from Monday due to falling demand. Hyundai India is considering raising prices by up to 2 percent to offset the higher cost of raw materials.
Responding to Centre’s reducing CENVAT by four per cent, country’s second largest car maker Hyundai on Monday slashed the prices of all its models by up to Rs 44,792.
In an attempt to boost sales in a depressed market, Hyundai Motor India has slashed prices of its cars by up to Rs 33,000, besides offering benefits like free insurance and exchange bonus.
Hyundai Motor Company has released details of its brand new R-Engine Diesel powerplant. With a power output of 135 kW and 392 Nm of torque, the 2.0 litre version of the R-Engine outperforms any competitive offering by the 2.2 litre version. The R-Engine will enter production next year and will see its first application on … Read More
The 2009 Hyundai Accent has regained the title of Cheapest New Car in America with a starting price of $9,970, thats around Rs. 5 lacs. The American Accent is essentially the Indian Hyundai Verna, whereas Hyundai continues to sell the old Hyundai Accent in India.
Hyundai Motor India achieved yet another milestone by reaching the 20 lakh sales landmark. “This is also the fastest 20 lakh production for any manufacturer in India and Hyundai Motor India achieved this in just around 10 years,” the company said in a release.
Hyundai’s been making so many announcements about electric vehicles and hybrids lately you’d think it was ZAP. The Korean automaker’s promised to put a hybrid subcompact, a hybrid mid-size and a plug-in competitor to the Chevrolet Volt on the road within five years. There’s even some speculation at least one of them could be stamped … Read More
Hyundai Motor India is developing a small car to compete with Maruti in the 800cc segment. The new car is expected to hit the Indian roads by 2012 and will be priced around Rs. 1.5 lacs.