Ad Here  
September
October
November
December
January
February
 
 
Toyota and Suzuki to introduce EVs in India by 2020 The unexpected exit AL secures orders for 3600 buses Tata Steel, ThyssenKrupp sign MoU to merge European units AL wins Deming prize again When small is not so beautiful… Hyundai to focus on SUVs and AMT variants Gamesa to set up a plant in Nellore Yamaha unveils scooter boutique Smooth sailing of SAIL Ode to Ratan Tata PPP model for infrastructure development Carnival Films acquiring 3000 screens pan India L & T’s floating dock for navy Housing demand revival ITC chairman calls for policy impetus to transform agriculture E.I.D Parry (India) Ltd: another sweet year He excels in the nuts and bolts of entrepreneurship Right to privacy – now it’s fundamental! Are they really independent? Land wars Sundram Fasteners rejigs international L&T profit up by 11 per cent Last stages HPCL plans Rs.61,000 crore capex over 5-years From the toughest to the best year Tata Motors charts investments in PV and CV businesses TVS Srichakra plans capacity expansion Dish TV – subscriber additions encouraging Sivasankaran enters taxi space to take on Uber and Ola L&T bags the Mumbai Trans-harbour link order Hindalco – re-rating Vellayan is back, after 150 days A niche in FMCG business... Chinese smart phones flourish in small towns too! TN government keen on revival of operations at Nokia complex Daimler’s truck exports from Chennai cross 5000 units Rane targets Rs.5500 crore topline by 2018-19 Singur minus Nano – victory or folly? IOB on turnaround path Bajaj Finserv – Q1: fare well Mercedes-Benz sales continue to zoom Solar installations exceed 2015 capacity in five months Nissan exit shouldn’t affect ALL PSU non-life firms seek to protect share Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Hyundai India achieves 7 mn production at Chennai factory Tata Motors joins compact SUV bandwagon with Nexon Preparing for the next growth curve It takes two to tango New India Assurance posts impressive show Record two-wheeler sales Welcome focus to improve rural India... Titan Company – sales recovery to kick in The gainers and the losers Eyes strong growth in 2016-17 Consolidating leadership position in smartphones 29 per cent jump in TCS revenues A welcome initiative-even critics are recognised Tata Motors aims to be among the Top 3 global CV & PV firm LVB posts 31 per cent growth in Q1 net profit Smartphone onslaught by Chinese brands Tata gets 4-star rating for Zest Forging industry worried over lower supply of steel and its price M & M unveils driverless technology for tractors TVS Automobile invests Rs.75 crore in start-up firms Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Is this a generation gap? L & T set bigger ambitions in defence business Kone India eyes further growth in elevator market Emami – a new growth mantra Increasing market share Michelin to double Chennai capacity Maruti – for young buyers CAPITAL NOTES RoC in the dock... Back in growth mode AL introduces Guru & Partner TI Cycles plans retail expansion to drive sales for premium bicycles Aurobindo Pharmacy: good turnaround Daimler grows sales and share in India Tata Motors bets on new launches Wabco launches safety system ITC – steep excise hike V-Guard launches app-enabled water heater system
 
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 :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com