Hyundai Motor India Ltd (HMIL) on Wednesday reported a 6% increase in total sales at 52,734 units in February.

The company had sold 49,729 units in February last year, HMIL said in a statement. Domestic sales were up 4% at 42,327 units during the month, as against 40,716 units in the year-ago period, the company said. Exports in February this year stood at 10,407 units, as against 9,013 units in the same month last year, a growth of 15.5%.

Korean auto major Hyundai is planning to launch eight new cars in the next four years to accelerate its growth. Of these, three will be in new segments and the other five cars will get a facelift.

Hyundai Motor India Ltd's (HMIL’s) Managing Director Y K Koo said that in the next four years, the company will bring at least ten new products to India, including eight new launches.

Car sales in January bounced back from one of the largest declines seen in December after demonetization. Car sales in the country grew 10.83% in January, with the C2 category witnessing a 22.8% growth in the month as sales grew to 48,100 units compared to 39,145 units in the same month last year.

Passenger vehicles priced between Rs 8 lakh to Rs 9.5 lakh are placed in the C2 segment.

Hyundai Motor India on Monday launched an updated version of its hatchback Grand i10 with price starting at Rs 4.58 lakh (ex-showroom Delhi).

The petrol variants of the vehicle are priced between Rs 4.58 lakh and Rs 6.82 lakh while the diesel variants are tagged between Rs 5.68 lakh and Rs 7.32 lakh (all prices ex-showroom Delhi).

Hyundai is currently working to update its model range including the facelift Verna, Grand i10 and the Xcent. Fresh images of the Xcent facelift have surfaced on the internet, indicating the launch of the compact sedan is around the corner. The company will first launch the Grand i10 in India followed by the launch of the Verna and Xcent, respectively in 2017.

The Hyundai Xcent facelift will get new equipment, both at the exterior and interior as well as some mechanical updates. Under the hood, the upcoming Xcent is likely to get the same 1.2 litre petrol engine that produces 81 hp of power and 113.7 Nm of torque.

The Hyundai Motor Group said it plans to lift US investment by 50 per cent to $3.1 billion over five years and may build a new plant there - the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports.

Under pressure to deliver on campaign promises to revive US industrial jobs, Trump has warned of a 35 per cent tax on vehicles imported from Mexico, where many automakers have taken advantage of the country's lower labour costs.

Hyundai Motor Co and affiliate Kia Motors said on Monday they aim to increase their combined sales to 8.25 million vehicles globally in 2017, despite rising competition.

The 2017 target is slightly higher than their 2016 goal of 8.13 million vehicles. The South Korean automakers' final sales figures for 2016 are due out later on Monday, with analysts expecting a miss due to weak demand in emerging markets.

MUMBAI: Maruti Suzuki and Hyundai Motor India plan to increase car prices by Rs 2,500 to Rs 1 lakh in January, as they seek to offset a dent on margin from higher raw material cost, steep discounts in the past few months and a weakened rupee that made imported parts more expensive.

Several other automakers have already announced price hikes and the rest are expected to do so soon, following in the footsteps of the market's top two.

NEW DELHI: Hyundai Motor India Ltd today said it will hike prices by up to Rs 1 lakh across models from January to offset higher input costs, fluctuating exchange rates and marketing expenses.

"In these challenging year-end market conditions, we are constrained to consider price increase on account of factors like increased input costs, fluctuating exchange rates and increasing marketing expenses," HMIL Senior Vice President, Sales and Marketing Rakesh Srivastava said in a statement.

What began as an experiment is emerging as a mainstream logistic option for India’s second-largest car manufacturer Hyundai Motor India (HMIL), precipitated by the Centre’s demonetisation move. The Korean chaebol has said it will use the coastal shipping route to overcome the challenges of truck availability, delays in transit time and uncertainity of road operations.Hyundai has decided to utilise coastal shipping a third time in 2016 with a cargo of 2,500 units to be shipped to Gujarat, NCR and Mumbai on Monday from Kamarajar Port at Ennore near here through Sical Logistics — the only operator so far to test waters through the shipping route as mooted by the Union government.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.