Hyundai Motor

Tussle between Hyundai and union intensified after police arrested demonstrators

Tussle between Hyundai and union intensified after police arrested demonstrators  Tussle between the Hyundai Motor India and members of its employees union intensified on Wednesday after police took a total of 23 union members under arrest.

DRI Issues Tax Evasion Notice to Hyundai Motor

DRI Issues Tax Evasion Notice to Hyundai Motor

According to reports, the show cause notice implied on HMIL by the Directorate of Revenue Intelligence would be challenged by HMIL under the due process of law in the appropriate forum.

However, the Hyundai Motor India Limited (HMIL), the largest passenger car exporter, officials accounted that they would stand for all the constitutional norms placed under the law.

Verna to be launched in India by Hyundai

Verna to be launched in India by HyundaiHyundai Motor has brought in a brand new version of the Verna subcompact sedan in the country, with an aim to make a sale of 45,000 units in 2011, seeking to boost the profitability with higher-margin vehicles in the wake of slowing volume growth.

Hyundai bags award for its export

Hyundai bags award for its export

Hyundai Motor India Ltd. (HMIL), the largest passenger car exporter and second largest car manufacturer in India has recently been recognised by the Engineering Export Promotion Council (EEPC) in the All India Award for Export Excellence 2008-09 categories for its high exports to the overseas markets from India.

New Hyundai i10 coming on September 23rd

New Hyundai i10 coming on September 23rd

Even after replacing Santro as the flagship model for the Korean auto major, Hyundai Motors India, there is perhaps no stopping to the i10 model in the Indian market.

In fact, the Indian subsidiary has recently confirmed that it will be launching its VTVT variant of the product in the domestic market by the 23rd of September.

Hyundai clocks three million units in India

Hyundai clocks three million units in India

Hyundai Motor India Ltd. (HMIL), the second largest car manufacturer and the largest passenger car exporter has recently said that the company has reached a historic milestone in the India journey by selling 30 lakh (3 million) units in Indian market on a cumulative basis after it has entered India.

While the company marked the announcement of several attractive schemes & promotions for all the existing and potential consumers of HMIL, the MD & CEO of the company, H. W. Park said that the occasion is a red-letter day for all the members of the Hyundai family.

Hyderabad – the home for Hyundai's H800

According to the sources close to the development, it has been learned that the company is developing the Hyundai H800 at its Hyderabad Engineering & Development centre and will be launched by 2012 in the Indian market.

Notably, the engineers at the Indian subsidiary of the Korean automaker, Hyundai motors are working on over 180 parts for the small car and the source further added that most of the designing has been carried out by Computer aided design (CAD) and Computer aided engineering.

Hyundai to shift production units to Turkey

Hyundai to shift production units to Turkey

Hyundai Motors India Limited will soon be moving its production units of i20 to Turkey in order to reap benefits on tax.

It is all credited to the present labour situations at its Chennai unit where it is facing a brawl with the labour union and the Labour Commissioner to resolve the issue. This apparently is the reason why it is moving to the European markets where the government aims to promote manufacturing to create more employment and thus help in the betterment of the economic scenario of the nation.

Minimal impact due to labour unrest on Hyundai

Minimal impact due to labour unrest on Hyundai

While the Indian subsidiary of the Korean automaker, Hyundai motors have been facing a labour unrest situation in the Indian market for the past many months now but the company has been able to keep its plan intact despite the major issues.

In fact, the MD of the Indian operations of the company, H. W. Park recently said that the company has launched the new Verna in the Indian market on schedule and its plans have not been impacted by the labour unrest that it has been facing for the past many months now.

Hyundai's exports to Europe to be reduced by25%

Hyundai's exports to Europe to be reduced by25%

Hyundai European endevour in Europe saw a downward shift in sales said Hyundai Motors India Limited Senior vice-president Marketing & Sales’s Arvind Saxena. "The decline in exports is primarily due to the economic turmoil in Europe. We are trying to cover up our losses from Europe by exporting products to other geographies such as South America and South Africa."