Hyundai completes acquisition of Talegaon plant
The country's second-largest carmaker has committed to invest ₹6,000 crore in Maharashtra.
The country's second-largest carmaker has committed to invest ₹6,000 crore in Maharashtra.
Consumers find greater value, convenience and choices in innovative car subscription models.
Hyundai Exter is touted to lock horns with Tata Tiago and Maruti Ignis in the entry-level SUV segment.
Maruti's overall sales surge 6.5%, Tata Motor’s overall sales dip 3.9%; Hyundai and Kia report 3.5% and 22% YoY growth, respectively
The term sheet covers the proposed acquisition of land and buildings, and certain machinery and equipment for manufacturing situated at General Motors India, Talegaon plant.
All categories were in green in January 2023, with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 10%, 59%, 22%, 8% and 16%, respectively, FADA data shows.
Hyundai sells 38,831 units in Dec, up 20.2% from 32,312 units in year-ago period; Mahindra PV sales up 61% at 28,445. Kia India registers 94.7% Y-o-Y growth in Dec at 15,184.
In a dream run for the PV segment in 2022, Hyundai Motor India has piped homegrown carmaker Tata Motors to become the 2nd-largest carmaker in India, with an all-time domestic sales of 5,52,511 units.
Hyundai India, India’s second-largest PV seller, sold 44,859 units in November, grabbing a 14.91% market share.
The auto sector recorded sustained recovery in demand amid the festival season, with Maruti Suzuki selling 1.3 lakh PV units in November.