The country's second-largest car maker Hyundai Motor India Ltd (HMIL) reported 2.48 per cent fall in total sales at 47,833 units in December 2012. The company had sold 49,050 units in the corresponding month previous year, HMIL said in a statement.
Hyundai had always wanted to build a small car for India, something that would give its closest competitor, Maruti Suzuki, a run for its money. And that‘s how the Eon was born.
Hyundai Motor India Ltd (HMIL) today said prices of its vehicles across models will go up by up to Rs 5,000 from November 1.
Days after Finance Minister Pranab Mukherjee decided to hike excise duty by 2% points in an effort to bridge the fiscal deficit, automobile manufacturers across the board have increased prices of their vehicles.
We drive the new Hyundai Sonata, all the action, buzz and launches from the 2012 Geneva Motor Show and India’s brightest young engineers battle it out at the Mahindra Baja SAE.
Maruti Suzuki's vehicle sales rose for the second straight month in February, after declining for seven months in a row till December. But it is not its bread and butter mini cars that are driving sales.
Jagdish Khattar, chairman and managing director of Carnation Auto, in an interview to CNBC-TV18, said that outside elements are aggravating the situation at the Manesar plant.
Korean auto major Hyundai Motor Co on Thursday launched entry level compact car Eon that has been developed specifically for the Indian market.
After setting a scorching pace of 30% year-on-year growth in 2010-11 (April-March), auto sales, especially those of passenger cars, were expected to slow this year as loans became expensive, vehicle prices rose and fuel prices soared. However, what was expected to be a slow growth seems to have turned into de-growth.