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Tag: Hyundai

Passenger Vehicle Sales Slightly Decreased In August 2021 – Maruti Suzuki, Tata, Mahindra, Hyundai, Kia, And More

Sales of the mass-market passenger vehicle segment registered a slight decline in the month of August 2021. The industry estimates 2,59,742 units were delivered to customers last month against the 2,94,579 units sold in July 2021. With this, the PV segment observed an overall decline of 11.8 percent in monthly sales across all non-luxury brands. Here are the…

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Hyundai Supports Tesla For Lower Import Duties On Electric Vehicles

Earlier this week, we have reported about Tesla's decision to start local manufacturing in India if it finds success with imported vehicles. And so, the American EV maker has demanded a significant reduction in import duties on electric vehicles. And now, Hyundai's Managing Director and CEO, S S Kim, has backed up Tesla’s call, saying that lower import duties will help…

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Auto Industry Started Recovering, Sales Up By Over 140% In June 2021 – Maruti, Hyundai, Tata, Mahindra And More

While the months of April and May were quite difficult for the automotive sector, the industry has now started to show positive signs of recovery as restrictions are being progressively revoked in various parts of the nation. Let’s take a look at how the mass markets automotive brands fared in the domestic market in June 2021: - Rank by Volume…

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Second Wave Of Coronavirus Outbreak Badly Affected Car Sales In May 2021

We have seen the economic consequences of the lockdown last year itself. And now once again, many states and union territories are under strict lockdown-like restrictions to curb the spread of the covid19 pandemic. As a result, many sectors, including the auto industry, have reported a drop in sales in May 2021, ranging from -7% to -86%. Here we have mentioned…

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Deliveries of Hyundai And Renault-Nissan Cars Could Be Hampered Due To Plant Closure

Hyundai Motors India has decided to shut down its Sriperumbudur (Chennai) based plant for five days, starting from 25th May to 29th May 2021. The decision has been taken after a section of workers conducted a sit-down protest seeking temporary closure of the plant over the rise of COVID-19 cases in the region. The workers at Renault-Nissan's facility in Chennai…

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