VERNA 2023 PRICE
Car buyer wins Rs 15 lakh compensation as company couldn't fix engine fault despite multiple seizures
Hyundai car: A individual from Ambala, Haryana purchased a Hyundai Verna car in 2013, however this new car started having engine problems which 6 visits in 16 months of the car ownership could not be fixed. Hyundai's service center executives tried multiple times to fix the issue, but it kept on happening.
Hyundai registers highest domestic sales in 2023
"HMIL has not just kept pace but surpassed industry growth (estimated at around 8.2%), a testament to customers choosing brand Hyundai as their preferred mobility brand," said Tarun Garg, Chief Operating Officer, Hyundai Motor India.
Skoda Auto Volkswagen looks to step up capacity utilisation rate to 90%
Škoda Auto Volkswagen India is set to launch new models and updates to existing ones in 2024, entering the electric vehicle (EV) market. With plans to substantially boost exports of India-made cars, the company aims to raise capacity utilization at its Aurangabad and Chakan plants from the current 70-75% to over 90%. Piyush Arora, the group managing director, views the coming year as crucial for the company's India operations.
Mass-market carmakers are making 'six airbags' a new norm for cars & SUVs in India
Once seen only in premium and luxury cars, six airbags are now becoming more accessible to and affordable for the average car buyer in India. The government last month clarified that six airbags were not mandatory (in India, two airbags are mandatory), leaving it to the customer to make a comparative assessment of safety while buying vehicles.
SUVs now drive half the sales in India's Motown
SUVs now account for 50% of all passenger vehicle sales in India, doubling their market share in five years. This shift in buyer preference towards larger vehicles has come at the expense of small cars. The popularity of SUVs is due to a wide range of models and their higher road presence, which is seen as a sign of value. SUV sales have grown to comprise 48.3% of total vehicle sales in the first half of this fiscal year, while the share of hatchbacks has slipped to 30%. The share of sedans has also declined.
Skoda plans new launches to scale up its India play
Skoda Auto aims to strengthen its position in India's competitive market and become profitable by launching multiple models and refreshing its existing line-up. The Czech carmaker plans to increase exports from India and invest in both internal combustion engine (ICE) and battery electric vehicles (BEVs). Skoda Auto achieved record sales in 2022-23.
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Hyundai sales up 5% in June at 65,601 units
Exports in June rose 17 per cent to 15,600 units as compared with 13,350 units in the same month last year, it added. "There is a positive customer traction for all our products and Verna, Creta, and Tucson have attained leadership positions in their respective segments in the first half of CY23," HMIL COO Tarun Garg noted.
Sales of CNG-driven cars set to pick up as price of fuel dips
Maruti Suzuki India, which accounts for seven out of every 10 CNG cars sold in the domestic market, plans to sell 450,000-475,000 CNG models in the new fiscal 2024 compared with 325,000 in FY23, said senior executive officer, sales and marketing, Shashank Srivastava.
Hyundai launches 2023 Verna in India, price starts at Rs 10.89 lakh
Competing with the likes of the Honda City, Volkswagen Virtus, Skoda Slavia, and Maruti Suzuki Ciaz, the Verna features a 10.25-inch fully digital instrument cluster, as well as a similarly sized touchscreen infotainment system, a new benchmark in the segment.
Disney lays off 7,000 employees as streaming subscribers decline for the first time
Disney's layoffs mirror similar developments across major Big Tech firms global headwinds and shrinking advertisement revenues make it difficult to achieve profitability.
New car launches in India in 2023: Here's what you can expect from top automakers
Things have been looking bright for automakers at the moment, and they must be hoping to continue with the same momentum in 2023. Here's what we can expect from them in terms of new launches this year.
Marksans stock zooms 12% after news of Tevapharm facility buy
Despite the rally, its shares have dropped 10 per cent in the last one month and the stock has tumbled 25 per cent so far in 2022
Auto companies may inject Rs 35,000 crore to drive up sales
Carmakers like Maruti & Hyundai are likely to invest around Rs 30,000 cr, mostly in launching new products.
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