Auto parts suppliers to Hyundai Motor Co.'s Indian unit have been informed that the company will likely introduce a 0.8-liter small car in October as the country's second-largest car maker by sales
Rising interest rates, fuel prices force consumers to tighten purse strings
Domestic car sales fell for the third straight month in June, its lowest in 27 months, prompting the industry body to scale back the year
New Delhi To give a fillip to environment-friendly vehicles, a committee formed by the heavy industries ministry is considering lucrative tax breaks and incentives for automakers to produce and sell electric vehicles.
Car sales increased at the slowest pace in nearly two years last month, pulled down by rising prices, loan rates and fuel costs.
Domestic car sales rose 13% year-on-year to 1.62 lakh in April, the slowest growth since June 2009, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday.
Car sales in the country showed signs of slow down in March despite market leader Maruti Suzuki India posting its highest-ever monthly domestic sales as rival Hyundai posted only a marginal increase, while Tata Motors saw a decline over the same month last year.
However, two-wheeler makers led by Hero Honda, which posted its best month ly sales, enjoyed good numbers in March.
New Delhi: Hyundai India - the country's largest car exporter - has said it is ready to sacrifice crucial export market to increase sales in India as it looks to launch new models and start a new diesel engine factory.
Hyundai India president HW Park said the diesel engine plant will have a capacity of 1.5 lakh units and entail an investment of Rs 400 crore.
Sutanuka Ghosal & Anuradha Himatsingka KOLKATA
WITH automobile sales zooming high, automakers are sprucing up their presence in rural markets which have emerged as one of the major revenue drivers for them.
