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Is Indian telecom industry heading for a monopoly? Steel loses its sheen IFCI to raise NCDs upto Rs 2000 crore CUB: towards card-less withdrawal Chennai will soon get its World Trade Centre Automotive Vision Plan II... WABCO’s second Chennai plant Hero Motocorp - smooth ride Murugappa- a year of consolidation LVB gears to become a financial supermarket Reality bytes Backpack laboratory More gensets and diesel engines from TAFE Towards peace of mind When Centre visits the state Innovation that helped Chennai port Economic, business and social sustainability Tata Steel commence operations at Kalinganagar Big-ticket investments march towards Punjab TiE applauds innovative entrepreneurs Strategy war escalates between Hero and Honda TVS Logistics – another acquisition to sharpen the business model Digital retail transactions stabilise at higher level… Waste, a gold mine On the ‘milky’ way Need to focus on ease of doing business... Placing the right shoe forward... Business Breif Economic issues take a back seat at G20 summit Airlines wage price war People Flow Day- Safety Indian Bank – global businesses crosses Rs 3 lakh crore... Chennai to get a roundabout Metro World labour laws at a glance Well-refined – RIL’s refinery margins zoom Indigo stays leader with 40 per cent share Connecting the unconnected Striking cords for 25 years… Ridley marathon to India Scoot offers just Rs.13,500 to ANZ... Hyundai excites again Time to fast-pace the logistics sector Chola MS launches motor app - Investor friendly Japan Bridging the skill deficit in pharma industry The new look- 4s Verna Carrefour’s quick exit Pharma market dozes Chennai Port is at last decongested! Realty sector takes a break... Business Briefs Chola MS net crosses 100 crores ALL to launch electric busses TCS’ revenues cross Rs 100,000 crore Changing dynamics in human resource management Celebrating 180 years of relevance Four daughters and a proud father Durga - India’s largest blast furnace; now operational Rating of states to be released soon Nothing to hide... Industry-well poised to invest on expansion BRICS development bank AirAsia India infuses funds to fight out competition STFC raises money Nigeria comes nearer Blue Star plans a new plant in south ALL-two launches in a row Research needs more funding Focus on self-certification and third party inspection Gem of social service... Adding Zest to Scooty Purdue and IIT-M sign the dotted line Holiday Inn opens in OMR Chennai ISRO's 100th mission Brand leaders come forward... Climate change may change the way businesses work... Housing Innovation Challenge, 2015 An American alliance in the chemical industry? TII’s single largest investment at Thiruthani Three more leather clusters… Flexible labour laws… Realising double digit growth in Tamil Nadu Auto test tracks launched at GARC Oragadam campus Dynamic e-commerce scenario A global plastic event in India Smart controls for cooling large multi-zone spaces ... Sun Edison launches solar pumps An aerospace-defence cluster in Tamil Nadu… ALL – truck industry is recovering from degrowth European crisis is a global crisis! SumInfra- corridor based development... Veritas Finance- financing the unfinanced Illicit markets a concern to growing economy Make way for the new and dynamic railways TOP 10 CEO Compensation Inclusive and forward moving... Creating Tamil Nadu Banana brand Curbing steel imports will hurt small business... Secured NCDs from Shriram City TII-challenging year with flat growth ECGC expands operations Schwing Stetter India joins hands with US-based Gomaco Apple maps – finding its way Applauding enterprise... Downsizing spree... Celebration time at MS Chola OBO Bettermann for better lightning protection TN budget pragmatic and moderate on fiscal deficit Techies trip to India
 
Hyundai excites again

THE RECENT LAUNCH of the hatchback Elite i20 marks Hyundai’s 4th global premier in India. With four variants in petrol and diesel, the car is priced in the range Rs 4.98 lakh – Rs 7.80 lakh. Launching the model, Rakesh Srivastava, Senior Vice President, Sales & Marketing, Hyundai Motor India Ltd. (HMIL) said: “The Elite i20 is a premium compact car. Since its booking opened on 1 August, we have picked up bookings for 4600 units.”

This calendar year, Hyundai’s market share has increased by 2.3 per cent to 23 per cent, largely due to increase in sales volume of new launches apart from expansion in channel partners, strong process in terms of customer engagements and flexible production capacity. HMIL, the second largest producer of passenger cars in India, had recently shifted its Europe export base to the Czech Republic and Turkey  to cater to its largest export market. Markets in Latin America, Asia, Middle East, Australia and New Zealand will now be focused to offset the loss in export volume.

The company aims to grow over 15 per cent rate, higher than the industry CAGR of 12-13 per cent by bringing in products in new segments and refurbish existing models, said Srivastava.

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