Maruti Suzuki on Tuesday announced a significant engine upgrade and a bevy of new features for its top-selling premium hatchback Swift in order to challenge rival Hyundai’s new i20 that has seen strong demand with over 40,000 bookings since its launch in August. At Rs 4.42 lakh (petrol) and Rs 5.56 lakh (diesel), the starting prices for the new Swift is lower by almost Rs 50,000 over the new i20.

The Swift, currently the second top-selling car in the country with average monthly volumes of 17,000 units, will now be around 10% more fuel efficient in both its petrol and diesel versions. In terms of features, it gets push button engine start, electric retractable outer rear-view mirrors, reverse parking sensor and bluetooth connectivity for the audio system. It is also given a new bumper design and alloy wheels, and a new colour — Mysterious Violet.

NEW DELHI : Hyundai is set to give an upgrade to the Verna sedan, which has been rattled by the strong showing of the new Honda City and good response to the newly-launched Maruti Ciaz.

Sources said the country's second-biggest carmaker is giving a mid-life upgrade to the fluidic-design model, which was first introduced in May 2011.

The Madras High Court on Friday asked the fair trade watchdog Competition Commission of India (CCI) not to take any action against luxury car maker BMW, as it (the Court) decided to hear the carmaker's plea along with other car manufacturers’ petitions against the CCI Order.

In August 2014, CCI slapped a combined penalty of Rs 2,554 crore on 14 car makers including BMW (Rs 20.41 crore) for failing to sell spare parts in the open market. The watchdog said it wanted to make the components market more broad based, user friendly and less expensive for consumers.

Country's largest carmaker Maruti Suzuki India (MSI) today launched mid-sized sedan Ciaz with an introductory price starting at Rs 6.99 lakh (ex-showroom Delhi).

The petrol variants of the sedan are priced between Rs 6.99 lakh and Rs 9.34 lakh while the diesel variants are priced between Rs 8.04 lakh and Rs 9.8 lakh, respectively (ex-showroom Delhi).

Hyundai Motor Co and its two affiliates approved Asia’s biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion won ($10.12 billion) for a trophy plot of land to house a new headquarters in downtown Seoul.

The Hyundai-led group — which includes Kia Motors Corp and Hyundai Mobis Co — agreed to the price, more than triple the appraised amount, prompting a sharp sell-off in the companies'’shares.

Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than three times its appraised value, four board members of the companies said.

Thursday's winning bid for the land sent shares in Hyundai Motor, Kia Motors and Hyundai Mobis plunging, wiping out $8 billion in shareholder value, and sparked howls of protest from investors, rekindling worries about corporate governance at South Korea's conglomerates, or chaebol.

Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and raising investor concerns that it is wasting cash on a trophy property.

The conglomerate smashed the previous record auction price for a single plot of land in South Korea with its bid of 10.55 trillion won ($10.14 billion), more than triple the appraisal value.

Hyundai Motor Group's global chairman, Chung Mong-koo, arrived here on Saturday night, on a three-day tour.

It is described as a "private visit", though he's come with a 14-member group from the South Korean automobile giant, who are said to be largely technical experts.

An email sent to Hyundai Motor India, subsidiary of Hyundai Motor Corporation, did not get any reply.

NEW DELHI: Hyundai is "closely" looking at setting up a second factory in India as the Korean car major lines up heavy investments and at least two to three new cars every year, beginning with a compact SUV and a multi-purpose vehicle.

The second-biggest car maker in India is facing intense competition from players like Honda, Ford and Maruti Suzuki and has decided to go aggressive on new products, while entering unrepresented segments.

What makes a car beautiful? Is it futuristic lines, sleek upscale appearance, ultra-modern looks—or is it a bold, understated and ageless design? Beauty, after all, is in the eye of the beholder. The first-generation Hyundai i20 was one such car—people liked its design, yet some felt it didn’t look bold enough. But then design is an ever-evolving process. So when Hyundai decided to enter a new design phase—called Fluidic Sculpture 2.0—it chose the i20 to embody that language in India and gave the car a new name, the Elite i20.

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