HMIL Workers strike called off

Striking employees of Hyundai Motor India Ltd (HMIL) in Chennai have today called off their agitation following the intervention of the Tamil Nadu Government in the matter. HMIL management has agreed to certain demands, including the reinstating of 20 dismissed employees in consultation with the Labour Commissioner.

The strike was called off after the representative of the striking group signed the wage settlement with the management in the presenceof Tamil Nadu Labour Minister, Mr T. M. Anbarasan, and the Managing Director of HMIL, Mr. H.S. Lheem. About one-fifth of the 1,625 technicians owing allegiance to Hyundai Motors India Employee Union had resorted to the sit-down strike since last Thursday.

The demands that they have put up and that have been met include recognition of the union, taking back 81 dismissed workers and relocating nine technicians who had been transferred out of Chennai. The management of HMIL has agreed to relocate these nine technicians before the end of next year. Mr A. Soundararajan, General-Secretary, CITU, said HMIL has agreed to get the consent from the striking workers on the recent wage settlement without the concurrence of the Workers Committee, which was constituted after elections held among the technicians in August 2007.

Hyundai Cars get economical in India

indian government and the South Korean government have signed a new Free Trade Agreement according to which they will eliminate or reduce import duties on 85 per cent of South Korean exports and 90 per cent of India's overseas sales by 2019.

It will come into being in early next year. Assocham has welcomed the new trade agreement which will improve the trade in automobiles, heavy engineering, electronics area.
Since the trade agreement has also put emphasis on auto exports, the reduced import duties and tariffs will make Korean products cheaper in India. This will include Hyundai cars. Hyundai largely imports its auto components from Korea for manufacturing its cars in India.

The new agreement will create job oppurtunities for Indian engineers in South Korea. It also means that not only Korean company will have better access to 1.2 billion Indian customers.

Hyundai Cars get economical in India

indian government and the South Korean government have signed a new Free Trade Agreement according to which they will eliminate or reduce import duties on 85 per cent of South Korean exports and 90 per cent of India's overseas sales by 2019.

It will come into being in early next year. Assocham has welcomed the new trade agreement which will improve the trade in automobiles, heavy engineering, electronics area.
Since the trade agreement has also put emphasis on auto exports, the reduced import duties and tariffs will make Korean products cheaper in India. This will include Hyundai cars. Hyundai largely imports its auto components from Korea for manufacturing its cars in India.

The new agreement will create job oppurtunities for Indian engineers in South Korea. It also means that not only Korean company will have better access to 1.2 billion Indian customers.

Santa Fe and 800cc car of Hyundai by next year

orean car maker Hyundai Motor have many an ambitious plans to accomplish by 2011. It is all set to launch its sports utility vehicle Hyundai Santa Fe in India by next year along with a 800cc small car in India. "We will be bringing in the Hyundai Santa Fe to India by next year and we also hope to bring our smaller car than Hyundai Santro, which will be an 800 cc vehicle, by 2011," Hyundai Motor India Managing Director H.S. Lheem told reporters on the sideline of the SIAM annual convention here. He, however, did not divulge details like price range of the two cars.

Hyundai Motor India, India's largest car exporter, also wish to increase its sales in the overseas market in this year itself. Last year, their export figures were like 2.45 lakh units exported to over 100 countries from India. This year targetted exports figure of 2.7 lakh units is expected to be reached, Lheem said, adding that it is looking at increasing domestic sales to 2.8 lakh units this year from 2.45 lakh units in 2008.The car maker is also shifting the production base of hatchback Hyundai i20 to one of its European plants. This will reduce export duty and logistic expense for the company.

Revised Hyundai Santro on September 01

A totally revised version of Hyundai Santro is ready to be launched in the Indian market on September 01.This statement was made by H.S.LHeem, MD, HMIL while talking to the press at the annual convention of the Society of Indian Automobile Manufacturers. However, he refused to divulge any further details of the same.Hyundai will also let out Hyundai Getz from India in next the two years since seems to have become outdated with the launch of new i-series model. The model will be completely phased out by 2011.
The company is also planning to launch a new 800cc car plus new Hyundai Santa Fe in India in next few years. The small car will find many buyers (upto 70%) in India owing to its price below Rs. 4 lakhs. Hopefully, Hyundai Santa Fe, new SUV of Hyundai may be launched by February this year. The company shall shift part of its export base to Europe but it still intends to hold the Indian market firmly. However, the company stalled its plans due to the economic meltdown and falling sales.

Hyundai's Getz will be phased out in 2yrs

Another car company is announced to phase out its car model. This time Hyundai India Motor has decided to phase out its premium hatchback Hyundai Getz in two years. H.S. Lheem, managing director and chief executive, Hyundai India, said at the recently concluded annual convention of the Society of Indian Automobile Manufacturers (SIAM). He also mentioned that a revised version of the Hyundai Santro will be launched on September 1, 2009. The company will launch a 800cc car model in a couple of years. However, he did not reveled more information. Mr Lheem further said that they aimed to sell around 40,000 i 20s in this year. Overall, the company intends to sell about 5.5 lakh units that includes exports. It hope to sell 2.8 lakh units in the domestic market while 2.7 lakh will be exported. The MD said that the production of i-20 will be shifted to Europe mid-next year for export reasons in mid of the next year. On the other hand, Maruti and Toyota have launched Maruti Zen Estilo and Toyota Fortuner respectively.

Revised version of Santro will be launched next month

Hyundai India Motor wants to phase out its premium hatchback Hyundai Getz by 2011 but will launch a revised version of Hyundai Santro next month. H.S.Lheem at the annual convention of the Society of Indian Automobile Manufacturers said, "We will launch a revised version of the Hyundai Santro on Sep 1, and an 800 cc car in a few years.
" H.S.Lheem said the company will shift the production of its Hyundai i20 model for export purposes to Europe in mid-next year. The company is expecting that the upcoming festive season would bring better sales around 40,000 Hyundai i20. Hyundai is also expected to increase the production capacity from 2,000 units a day to about 2,500 units, from September 14.

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