Ad Here  
L & T set bigger ambitions in defence business Tata Steel, ThyssenKrupp sign MoU to merge European units Is this a generation gap? Mercedes-Benz sales continue to zoom Carnival Films acquiring 3000 screens pan India Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Increasing market share Emami – a new growth mantra Gamesa to set up a plant in Nellore It takes two to tango AL wins Deming prize again From the toughest to the best year LVB posts 31 per cent growth in Q1 net profit TVS Srichakra plans capacity expansion Sundram Fasteners rejigs international IOB on turnaround path Welcome focus to improve rural India... PPP model for infrastructure development A welcome initiative-even critics are recognised Solar installations exceed 2015 capacity in five months Nissan exit shouldn’t affect ALL Sivasankaran enters taxi space to take on Uber and Ola Hindalco – re-rating TVS Automobile invests Rs.75 crore in start-up firms ITC – steep excise hike Toyota and Suzuki to introduce EVs in India by 2020 Rane targets Rs.5500 crore topline by 2018-19 The unexpected exit Smooth sailing of SAIL Tata Motors joins compact SUV bandwagon with Nexon L&T bags the Mumbai Trans-harbour link order L&T profit up by 11 per cent Housing demand revival Chinese smart phones flourish in small towns too! New India Assurance posts impressive show AL secures orders for 3600 buses Are they really independent? Kone India eyes further growth in elevator market TN government keen on revival of operations at Nokia complex When small is not so beautiful… Hyundai to focus on SUVs and AMT variants Hyundai India achieves 7 mn production at Chennai factory RoC in the dock... A niche in FMCG business... Forging industry worried over lower supply of steel and its price 29 per cent jump in TCS revenues Yamaha unveils scooter boutique Consolidating leadership position in smartphones Right to privacy – now it’s fundamental! L & T’s floating dock for navy Preparing for the next growth curve Maruti – for young buyers Daimler’s truck exports from Chennai cross 5000 units Tata Motors charts investments in PV and CV businesses He excels in the nuts and bolts of entrepreneurship E.I.D Parry (India) Ltd: another sweet year Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Dish TV – subscriber additions encouraging V-Guard launches app-enabled water heater system Singur minus Nano – victory or folly? Vellayan is back, after 150 days Aurobindo Pharmacy: good turnaround Back in growth mode AL introduces Guru & Partner The gainers and the losers Tata Motors aims to be among the Top 3 global CV & PV firm Bajaj Finserv – Q1: fare well Michelin to double Chennai capacity Ode to Ratan Tata Land wars CAPITAL NOTES M & M unveils driverless technology for tractors Smartphone onslaught by Chinese brands Tata Motors bets on new launches PSU non-life firms seek to protect share Daimler grows sales and share in India Titan Company – sales recovery to kick in Eyes strong growth in 2016-17 TI Cycles plans retail expansion to drive sales for premium bicycles Wabco launches safety system ITC chairman calls for policy impetus to transform agriculture Tata gets 4-star rating for Zest HPCL plans Rs.61,000 crore capex over 5-years Last stages Record two-wheeler sales
Hyundai to focus on SUVs and AMT variants

Hyundai Motor India Ltd (HMIL), which is celebrating 20 years of operations in India, plans to grow its presence in the SUV segment due to a growing acceptance of such vehicles among the customers.

The company, the second-largest passenger vehicle brand in the country, will introduce variants powered by new automatic manual transmission (AMT) technology and a sub-4 metre compact SUV, according to Y K Koo, Managing Director & CEO, HMIL.

“Share of compact SUVs continues to grow in the overall UV market, and it accounts for about 60 per cent of the total UV sales. This segment will record higher growth than other categories due to changing buyer preferences,” he added.

HMIL’s sales in the domestic market grew by 8 per cent at 1.62 lakh units during the first four months of this calendar year compared to last year. Its market share increased by 100 basis points to 16.9 per cent during the period.

HMIL has set a target to sell 6.65 lakh units in 2016 as against 6.43 lakh units in 2015. It aims to sell about 5 lakh units in India, and the rest will be exported.

Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236