The Indian car industry is expected to continue growing in low single digit growth in H2FY25 similar to the first half of the fiscal, Hyundai India’s top leadership said in a post result briefing with the media on Tuesday. As per Unsoo Kim, Managing Director of the company, post pandemic, the industry grew by more… Continue reading Hyundai India predicts continued low single-digit growth for the car market in H2
Author: Autocar_Professional India Online News
Hyundai says geopolitical conflict hurt Q2 performance
Hyundai Motor India, the country’s second-largest automaker, has reported declines in its revenue and profit, attributing the poor performance to the sentimental impact of global conflicts. Net profit fell 15.5% to Rs 1,375 crore from Rs 1,628 crore while revenue fell 7.5% to Rs 17,260 crore from Rs 18,660 crore. The company said conflicts in… Continue reading Hyundai says geopolitical conflict hurt Q2 performance
Hyundai Motor sees sharp fall in profitability in maiden results after listing
Hyundai Motor India Ltd (HMIL), the country’s second-largest carmaker, reported a 15.5% year-on-year decline in net profit to Rs 1,375.5 crore for the quarter ended September 30, 2024, as geopolitical tensions and seasonal market conditions impacted both domestic and export operations. The company’s revenue from operations fell 7.5% to Rs 17,260.4 crore, while EBITDA margins… Continue reading Hyundai Motor sees sharp fall in profitability in maiden results after listing
Samvardhana Motherson’s Q2 profit soars 273% on strong segment performance
Auto components manufacturer Samvardhana Motherson International Ltd (SAMIL) reported a robust performance for the second quarter ended September 30, 2024, with consolidated net profit surging 273% year-on-year to Rs 1,097.18 crore compared to Rs 294.15 crore in the same quarter last year. This growth was driven by strong performance across business segments, the company said.… Continue reading Samvardhana Motherson’s Q2 profit soars 273% on strong segment performance
Hyundai India Q2 revenue, profit drop amid weak market, geopolitical strains
Hyundai Motor India Ltd reported a 7.50% year-over-year decline in revenue to Rs 17,260.38 crore, in the second quarter. The quarter saw net profit decrease to Rs 1,375.47 crore from Rs 1,628.46 crore of Q2 FY24, which the company attributed to a combination of weak market sentiments and geopolitical factors affecting the automotive sector. During… Continue reading Hyundai India Q2 revenue, profit drop amid weak market, geopolitical strains
UNO Minda launches 1080p DVR 2.0 with ADAS for enhanced driver safety
Road safety continues to be a major issue in India, with high rates of traffic accidents attributed to factors such as reckless driving and limited awareness of traffic regulations. In response, the Indian government has implemented various initiatives, including AI-powered cameras that monitor infractions like lane drifting and distracted driving. With the demand for safety… Continue reading UNO Minda launches 1080p DVR 2.0 with ADAS for enhanced driver safety
Strong products in all segments crucial for market share, says Maruti Suzuki
At a time when most of the passenger vehicle makers are increasingly favoring sports utility vehicles, India’s largest car maker Maruti Suzuki India Ltd believes it is crucial to have a strong product lineup across all mass-market car segments for a high market share. “Although the SUV segment is growing, all the other segments are… Continue reading Strong products in all segments crucial for market share, says Maruti Suzuki
Bentley postpones their electrification plans due to lower demand
Bentley has pushed its timeline to become an EV-only manufacturer from 2030 to 2035. However, it will continue to develop PHEVs beyond 2030, until 2035. The debut EV from the Crewe-based firm – an Urban SUV – had been due next year. But in a manner similar to other car firms, Bentley has pushed back… Continue reading Bentley postpones their electrification plans due to lower demand
Maruti Suzuki sees uptick in small car sales on strong rural demand
After a prolonged sluggishness in the sales of entry-level, India’s largest car maker Maruti Suzuki India Ltd has seen growth in the sales of small, or entry-level, cars during October. This reflects strong consumer sentiments in the rural part of the country, while there is weakness in the urban market. “In the first quarter, we… Continue reading Maruti Suzuki sees uptick in small car sales on strong rural demand
Citroen Basalt: French carmaker’s winning attempt at Indian market
Citroen, the prominent French carmaker in the multi-dimensional Stellantis group and forayed into the Indian market in CY22, has had a tough start in the world’s third-largest passenger vehicle market. While its lacklustre marketing, sales, and product planning strategies have been the key reasons for the brand’s insignificant performance in the country so far, the… Continue reading Citroen Basalt: French carmaker’s winning attempt at Indian market