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


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