Hyundai Motors India has decided to hike the price of all its vehicle except Venue and electric Kona from August 1, 2019. The price rise is mostly on the account of increase in input costs. Hyundai Motor India sells Grand i10, Santro, Elite i20, i20 Active, Xcent, Verna, Creta, Elantra, Tucson and the recently launched Venue and Kona. Hyundai Venue was launched in India on May 21 and Kona was introduced on July 9. Hyundai has reportedly received 120+ bookings for the electric SUV KONA, priced at starting price of…
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Sales Analysis of Indian domestic auto industry June 2019
Paucity in demand resulting in rising inventory level has forced OEMs to arrange for plant shutdowns and production cuts in May and June The Indian automobile market is going through a rough patch of demand distress. Almost all the auto manufacturers witnessed a drop in sales owing to weak consumer sentiments across all segments in June 2019. Low consumer sentiments are a result of hike in vehicle prices amid strict safety regulations and persisting impact of recently launched axle norms, restricted currency circulation and poor performance of core sectors such…
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