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