The outliers: Kia Seltos and MG Hector
What slowdown, ask two new entrants in the Indian auto market, as they find buyers amidst the gloom and doom around them.
hyundai motors
February 2020
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Auto industry stuck in reverse
The automobile industry in India is in the chokehold of a slowdown that began about a year ago. A revival seems some distance away.
What corporate tax cuts mean for auto sector
Though an uptick in demand is expected in the October-November festive season, experts do not see an immediate revival for the sector.
Passenger car sales fall 41% in August: SIAM
The industry body says this is the worst performance by the passenger car segment—the largest by volume—in two decades.
Hyundai launches GRAND i10 NIOS
Hyundai, which recorded an increase in market share in July, hopes new launches will help it cope with the slowdown that has crippled the auto industry in India.
Hyundai’s Kona Electric launched in India
The company says “India’s first electric SUV” can go 452 km on a single charge and the running cost is 80% lower than that of a petrol car.
Govt’s renewed EV push bothers auto industry
A slew of measures and statements to hasten the shift to electric vehicles (EVs) on the road has got the auto industry worked up. But, the writing on the wall just got clearer.
Indians are moving away from car ownership: Revv
The Hyundai Motors-backed shared mobility service says that it’s not like all car buying customers will move to pay-per-use model but the adoption will keep on increasing.
Ola banned in Bengaluru for six months
The cab aggregator was violating license rules by operating bike cabs in the city.
Hyundai and Kia Motors to invest $300 million in Ola
Hyundai Motor Group, which owns both automakers, says the investment is part of its plan to transform into a provider of smart mobility solutions.
