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