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    • Geopolitical factors like Red Sea crisis impacting volumes, says Hyundai India MD

      Hyundai India sold a total of 1,91,939 units of Passenger Vehicles (PVs) during Q2, out of which export volumes stood at 42,300 units. The automaker had sold a total of 2,09,777 units in the year-ago period

    • No impact of geopolitical tensions on Hyundai Motor’s Indian operations, says MD & CEO

      On the growth outlook for 2024, Kim maintained that it is very optimistic for this calendar year but added that he could not predict the future due to the geopolitical tensions in the Middle East and war between Russia and Ukraine.

    • Maruti's soaring exports cannot compensate home market woes

      Soft demand for passenger vehicles is a big challenge but Maruti's premiumisation strategy could boost profitability

    • China on track to zip past Japan to be world's biggest car exporter

      China overtook Germany in 2022 to emerge as the world’s second-largest vehicle exporter by shipping 3.11 million cars

    • Tata JLR leads hike in Indian demand for luxury car brands

      Tata Motors-owned Jaguar Land Rover (JLR) has seen a 15.8 per cent hike in car exports from the UK to India in 2016, riding on the wave of growing number of "affluent buyers" in the country, according to the latest UK automotive industry figures.

    • Car exports from India decline marginally in Apr-Sep period

      India had exported 2,68,863 units in the same period of last fiscal, 2014-15. According to Society of Indian Automobile Manufactures (SIAM), during April-September, 2015-16, the largest car exporter from the country Hyundai Motor India saw 13.91 percent drop in car exports to 83,522 units from 97,021 units in April-September period of 2014-15.

    • Car exports rise 34% on demand from non-European nations

      Passenger car exports from India increased 34.16 per cent in May, riding on the back of robust overseas sales by Hyundai Motor, Nissan Motor and Toyota Kirloskar in non-European countries.

    • New duty drawback may be lower than DEPB rates: Sources

      The government is planning to replace the Duty Entitlement Pass Book (DEPB) scheme with the duty drawback scheme, which is originally established to roll out next month-end. Sources in the government indicate that new duty drawback rates may be 1-3% lower than DEPB rates, reports CNBC-TV18's Aakansha Sethi.

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