Rising input costs and the non extension of excise duty concessions beyond December 31, 2014 has resulted in auto companies hiking prices across range.
Hyundai India has already confirmed the launch of i20 Cross and ix25 SUV this year. Scheduled for launch in second half of 2015, both cars were recently spied on test.
The year 2014 closed on a positive note for Hyundai Motors India Limited (HMIL) as the company announced a 14.7% increase in the domestic market, and a 21% increase in cumulative sales.
Hyundai Motor India Ltd marks 2014 as the ‘Year of Excellence’ in reporting record sales of over 4.10 lakh units fuelled by growth across segments.
Hyundai Motor India Limited (HMIL) celebrates over 5 million fans on Facebook, and confirms domestic sales of over 4,00,000 units in 2014.
Hyundai India has become the first car manufacturer in the country to have more than 5 million fans on Facebook.
Hyundai Genesis is expected to be launched in India, as the South Korean car maker plans to upgrade its brand image in the country.