Hyundai Motor India on Tuesday launched a sub-4 metre sports utility vehicle, Venue, which will be in direct competition with Maruti Suzuki’s Vitara Brezza, Mahindra’s XUV300 and Tata Nexon. Dubbed India’s first connected car, the Venue falls in a segment where the industry’s monthly sales are around 35,000 units.
While the average monthly sales of Maruti’s Vitara Brezza is around 14,000 units, Hyundai’s Creta, which is slightly higher priced, sells nearly 10,000.
Hyundai Motor India Ltd (HMIL) on Thursday announced the launch of its vehicle leasing service in partnership with ALD Automotive India.
‘Hyundai Leasing’ will offer all of the company’s entire model line-up for leasing with no upfront and maintenance costs, HMIL said in a statement. “The Indian automotive industry is at the cusp of transformation...
Hyundai Motor India on Friday said it has received 2,000 bookings of its upcoming compact SUV Venue on the first day of initiating the process.
The company had opened the pre-launch bookings for the model on May 2. “The Day-1 response is a record booking for an SUV, with an average of 84 Venue cars every hour,” Hyundai Motor India Ltd (HMIL) National Sales Head Vikas Jain said in a statement.
Hyundai Motor Group plans to make Ola Cabs, India’s largest cab aggregator, the test bed for a new range of affordable electric vehicles slated for introduction around 2021, said two people aware of the development, requesting anonymity.
Hyundai is developing the vehicles under its “Smart EV" platform. These “special purpose vehicles" will be designed and developed specifically for ride-hailing applications, they added.
South Korean auto major Hyundai is looking at various options for sourcing electric vehicle (EV) components in India, including local manufacturing of battery parts, a top company official said.
The automaker, which is present in India through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), said it is also looking for further clarity in Government policy to drive in hybrid models in the country.
Hyundai Motor India on Wednesday announced the name of its all-new connected SUV as Venue. Venue, which was earlier codenamed as QXi, is the latest entrant in the Indian compact SUV segment to take on the likes of market leader Maruti’s Vitara Brezza, Tata Nexon, Ford’s EcoSport, M&M’s XUV300.
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