0 Comments Hyundai Motor India is celebrating its silver jubilee in India, with 2021 marking the 25th anniversary of its operations in India. The company – which is India’s second largest passenger vehicle player in terms of market share, 17.4 percent as of CY2020 – has sold more than 90 lakh units since its inception.
Hyundai India laid down foundation stone of its first manufacturing facility on May 6, 1996
Vehicle Manufacturing operations began in September 1998
Exports cars to 88 countries from India
Hyundai India: Manufacturing facilities Hyundai India officials laid down the foundation stone for the carmaker’s first manufacturing facility in India on May 6, 1996. Located Irungattukottai in Sriperumbudur, Tamil Nadu, the facility began manufacturing operations in September 1998, becoming Hyundai’s first integrated car manufacturing plant outside of the company’s home market of South Korea. The first model to
Monitoring cost structure closely amid rising commodity prices, says Maruti Suzuki
While the carmaker hiked prices of its vehicles in January, it is not planning to pass on the burden to consumers in the near future, although it is keeping a close eye on its cost structure
PTI | February 14, 2021 | Updated 11:52 IST
With the supply of semiconductors becoming a challenge for the automotive industry, Maruti Suzuki is also watching the situation closely although it will have normal supply this month
Increasing commodity prices, specially those of rhodium and palladium, which are used in catalysers to meet strict emission norms, are putting cost pressure on automobile makers, according to a senior official of Maruti Suzuki India. The company, which had hiked prices of its vehicles in January, however is not planning to pass on the burden to consumers in the near future although it is keeping a close eye on its cost structure.
Reduce GST, create separate department for auto sector: Parliamentary panel to Centre
The panel - Department Related Parliamentary Standing Committee on Commerce - wants the rate of GST to be reduced from 28 per cent to 18 per cent for all categories of vehicles and auto components in addition to incentive-based vehicle scrappage scheme
Joe C Mathew | February 12, 2021 | Updated 16:29 IST
A parliamentary panel has recommended reduction in GST, mechanism for overseas promotion of Indian brands and a separate department for automobiles to address issues faced by Indian automotive industry, and assist building domestic capacity and attract investment. It also expressed concern over slow pace of sales of electric vehicles.