Hyundai Organizes ‘Kappa Challenge’ for i10 Car

In a move to promote Hyundai i10 car equipped with Kappa engine, Hyundai Motor India Limited (HMIL) has recently launched a program named 'Kappa Challenge'- in which the company’s existing and potential customers will be able to compare the Kappa engine with other engines available in the market. The program is now going on in 10 different cities in India. The participants will get the experience of driving cars equipped with Kappa engine and other cars equipped with other competing engines in the market. Thus, the participants will be bale to make a compare between the two engines and know which engine is superior.

Economic Times reported:

Throughout the session the participants will be test driving the i10 Kappa and the competitor cars in different driving and parking conditions and will be assessed on their driving & parking skills. All the participants will be handed out an assured gift apart from the grand prize of an i10 Kappa to be won through lucky draw.

Hyundai Motor India Limited, a subsidiary of South Korea’s auto maker Hyundai Motor Company, launched its compact car i10, manufactured exclusively in the Company’s Chennai plant, earlier this year. Hyundai i10 has seen extensive success since it came to the market. Hyundai i10 is currently being exported to 96 different countries across the world. Initially, Hyundai i10 was not equipped with the company’s latest Kappa engine, but now having seen the demand of i10, Hyundai has introduced Kappa version of Hyundai i10. Hyundai i20 is expected to hit the market by the end of this year and will come equipped with Kappa engine.

Hyundai Motor India Planning to Make India Export Hub for Small Car

Hyundai Motor India Limited (HMIL) has recently celebrated its 10^th anniversary of starting operations in India. Within 10 years, the South Korean auto giant has already been the second largest passenger car manufacturer in India after Maruti Suzuki. However, in terms of number of sales units exported to other counties, Hyundai India has become the largest exporter of car in India.

Now, Hyundai Motor is planning to make India its export hub for small cars after experiencing huge success thanks to its hatchback new compact car model, Hyundai i10. After i10, the company is now coming up with i20 by the end of this year.

The Hindu reported:

“We will be rolling out the ‘i20’ by this year-end that would be manufactured exclusively in India and exported worldwide. We have decided to make India our global export hub for small cars,” said HMIL Managing Director H. S. Lheem while kick-starting the 10th anniversary celebrations of Hyundai’s operations in India.

Hyundai i10 is manufactured in India and is currently exported to 96 various countries across the world. Reports have it that Hyundai India is also seriously contemplating to get into US car market with a domestically manufactured product. Since the launch of Hyundai i10, the company has seen excellent response both in the domestic as well as in the abroad market. Now, i20 is also expected to make a huge mark in its export volume from India.

Now, Hyundai is interested to make India its export hub, considering the cheap labor as well as less production cost. Thus, Hyundai India can easily compete with other competitor companies in different markets in the world. Recently, Hyundai i10 will start third shift at Chennai manufacturing plant. Earlier in February, Hyundai Motor India Ltd started its second plant in China, taking the sales volume to 600,000 units. Naturally, Hyundai Motor has found India as its export hub for small cars.

Hyundai Motor India Wants to Become No. 1 Car Manufacturer in India

Hyundai Motor India wants to become India’s no. 1 car manufacturer replacing current market leader Maruti Suzuki. Hyundai Motor India is currently at no. 2 in India’s domestic car market in terms of market share. Hyundai Motor India Limited is a subsidiary of South Korea based auto giant Hyundai Motor Company. Hyundai India currently holds 22 percent of total car market in India.

Hyundai Motor India, however, has been the major exporter from Indian market. The company experienced a huge success this year thanks to its new hatchback compact car, i10, a model Hyundai is currently exporting to 96 countries from India. By the end of this year, Hyundai will launch its upcoming i20 model that will be followed by i30 as well. The company is now planning to make India its export hub for small car.

Merinews reported:

HMIL said in a statement, "We hope to become the Number One car major." The company’s current market share in the domestic car market stands at 22 per cent and it hopes to raise that bar in due time.

Aiming to become the largest car manufacturer of India’s fastest growing car market, Hyundai Motor India has made an excellent decision. The potential of Indian car market is still vastly unearthed and the market will keep growing for a number of years now. Indian has the second largest population in the world. So, if Hyundai can continue tis success at this rate, then it is very possible for Hyundai to outdone Maruti Suzuki that currently holds 40 percent of market share in India.

Hyundai Motor to Reach 2 Million Sales Mark in India this Year

Hyundai Motor India Ltd. is aiming to sell over 2 million vehicles this year in Indian car market. Being the largest car exporter in India, Hyundai Motor India is now eyeing on increasing its sales volume in the domestic market, besides expanding its global market share. So far, the automaker sold 1.91 million vehicles this year and it is pretty much confirmed that the sales volume would easily exceed 2-million mark by the year end.

The South Korean automaker might experience a surge in its sales once Hyundai i20, the company’s upcoming model, will hit the Indian market by the end of this year. Hyundai Motor is India’s second largest car maker in terms of sales volume and the company has seen extensive growth over the last ten years since it started its activities in India’s fastest growing car market.

Earlier this year, Hyundai launched i10 model that brought huge success for the car maker both in Indian as well as in other markets. At present Hyundai i10 is being exported to 96 countries from India. Hyundai is now planning to make India its export hub for small car. In February, Hyundai Motor opened its second manufacturing plant in Indian market, taking its annual sales volume to 600,000 units. It is clear that Hyundai is fascinated with Indian car market for a number of reasons. First of all, the production cost in India is much less than the cost in many other counties due to cheap labor. Secondly, Indian car market is increasing very fast and will keep increasing for a number of years to come. That means, Hyundai has the opportunity to grab more market share in India.

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Hyundai Contemplating i10 Export to U.S. Market?

Hyundai Motor India Limited (HMIL) is planning to export compact car to U.S. market. The South Korean auto giant has already made a strong presence in India’s fastest growing car market and has been the largest car exporter in India. No Indian automaker could yet step into US market, but Hyundai is seriously considering US market as its next big export destination in the world. Though the company has not revealed the model/s it is going to export to US from India, Hyundai i10 seems to be perfect product to venture into the world’s largest car market.

Sify.com reported:

H S Lheem, managing director of Hyundai Motor India, said the company is looking to tap the US market and is conducting a feasibility study. "We have begun to study the possibility of exporting cars to the US but this will not happen immediately. It will take time," he said.

Hyundai i10 is a compact passenger car with hatchback design which is exclusively manufactured in Hyundai Motor India’s Chennai plant and exported to 96 countries across the world. Hyundai i10 has seen extensive success in Indian market since its launch earlier this year. The company will roll out Hyundai i20 by the end of this year. Hyundai i20 will also be manufactured in the company’s manufacturing plant in India and will be exported around the world.

Hyundai i10 might gain some instant attraction in the US car market due to its fuel/ gasoline efficiency. i10 can run 54 miles per gasoline- meaning an excellent fuel efficient car. Surging fuel price in world market has decreased the demand for luxurious car in the US and the demand for compact cars is increasing now-a-days. So, Hyundai i10 could be an eye-catching product for the US market.

As Hyundai i10 is manufactured in India, the manufacturing cost is much less than its competitors. So, the price tag that will be attached to i10 is also expected to be competitive in the US market. For exporting to the US market, manufacturers need to add some features to Hyundai i10 for safety concern in what the weight of the car would be increased by 400 pounds.

However, as I mentioned earlier that it is not yet confirmed which model the company is going to export to US. At this moment, Hyundai Motor India is currently manufacturing Santro, Getz and 'i10' models from its Chennai plant. The South Korean company is now planning to make India its export hub for small cars.

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India auto market: Four wheelers are suffering but two wheelers are shining

The Indian auto industry is observing a downward trend in sales for two consecutive moths for the first time in last three years. In August, the sales went down by 4.36%.

According to the data of the Society of Indian Automobile Manufacturers (SIAM) in the August of 2007, the sales of domestic passenger cars stood 98,893 units which became 94,584 units at present. Maruti Suzuki India Ltd. and Tata Motors are the two major companies suffering the sales slump.

In August, sales of Maruti Suzuki cars went down by 10.07% to 46, 811 units compared to 52,055 units in 2007. Tata Motors saw a sales slump of 10.10% to 12,216 units compared to 13,588 units in 2007.

The only exceptional is Hyundai Motor India Limited. The South Korean auto maker is observing an impressive growth. The Hyundai i10 sales observed a growth of 34.08% at 21,067 units compared to 16,115 units in 2007.

Analysts are saying that the sales slump is caused by auto makers’ inability to compromise with the ongoing financial pressure and high interest rates. As the festive season is coming, automakers are expecting better sales in the coming month.

Sales of two-wheeled vehicles on the other hand went up by 15.9% in August. The August bike sales saw an increase of 28.53% at 2,84,752 units compared to 4,18,702 units in 2007. Hero Honda single handedly caused a huge turn around in the two-wheel market.

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