Automobile sales slowed down in May as a combination of factors such as heatwaves, election-related uncertainties and a high base led to a decline in dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers that released the monthly sales figures on Saturday.Automobile manufacturers in India count dispatches to dealers … Read more
New Delhi: Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a … Read more
Carmakers expect to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by this month-end as demand cools in India after a 3-year run of scorching sales. With car despatches to dealers outpacing demand, passenger vehicle registrations, taken as a proxy for retail sales, are also expected to fall by 5% in May from … Read more
Hyundai Motor India has set up its first manufacturing plant in Nepal in collaboration with the Laxmi Group. This will also be the country’s first local assembling plant and will have an annual capacity of 5,000 units. As part of this pact, the Laxmi Group will assemble and sell Hyundai cars in Nepal. HMIL’s plant … Read more
Passenger vehicle sales in India reached a new high for February last month amid better supplies and strong consumer demand, making it the fourteenth straight month of best monthly sales, data from industry body Society of Indian Automobile Manufacturers (Siam) showed. Two-wheeler sales zoomed 35% on year, but fell short of the monthly record set … Read more
Korean auto major Hyundai said it will continue to make strategic investments towards increasing production capacity, setting up new manufacturing units, introducing new products and technologies to strengthen its presence in the Indian market. Unsoo Kim, Managing Director, Hyundai Motor India, said, India is a “focal” market for the company. “As we look forward to … Read more
Hyundai Motor India is offering attractive discounts on a range of its popular car models until the end of March. Customers looking for a new hatchback, sedan, or compact SUV can potentially save significant amounts on their purchase.Hyundai Grand i10 NiosThe biggest discounts are available on the Grand i10 Nios hatchback, with benefits of up … Read more
The following story is based on an interview conducted by Arpit Mahendra.Hyundai Motor India is intensifying its efforts towards sustainability, aiming to achieve the RE100 benchmark by 2025. Currently, the carmaker fulfills 64 percent of its energy needs through renewable sources and is determined to take that figure to 100 percent. The RE100 initiative, led … Read more
Hyundai Motor India is taking a big step forward in making electric vehicles more accessible across the country. The company has recently expanded its ultra-fast EV charging network, setting up 11 new charging stations in various cities and along major highways.Hyundai Ultra-Fast Chargers: Which cities/highways can benefitSix of these new charging stations are located in … Read more
Passenger vehicle makers reported record-breaking sales in January, which rose 14% from a year earlier to 393,074 units as dealers restocked inventories depleted during year-end sales promotions. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales stood at 346,080 units in January 2023 and had previously peaked at … Read more