Korean car giant Hyundai on Wednesday announced the recall of over 47,000 units of its premium sedan ‘ Sonata’ from its home market as well as the US to rectify a door lock problem, but the move will not have any impact in India. “Since the launch of the Sonata in Korea last September, Hyundai Motor discovered a mechanical problem with its front door latches which, in very rare instances, will not close properly,” the company said in a statement.

Hyundai Motor India on Wednesday said it will hike prices of its products by up to Rs 9,000 to offset rising input costs. The company will be increasing the prices across all models between 1 per cent and 1.5 per cent, HMIL Director Sales and Marketing Arvind Saxena said.

Korean car manufacturer Hyundai Motor Company said on Thursday that its net profit for the year 2009 rose by 104.5 per cent at 29.615 Trillion Won (Rs 1,18,950.16 Crore) from the previous year. The company, however, said its sales revenues fell 1.0 per cent to 31.859 trillion won (Rs 1,27,970.22 Crore) during last year.

Hyundai Motor India on Monday claimed that it has crossed the 25 lakh units-mark in production from its Sriperumbedur facility in Tamil Nadu. The Sriperumbedur facility was first set up in 1998 and it rolled out its first car, the Santro, from it in September 1998.

Reversing his predecessor's decision to set up a diesel engine facility in Chennai, Hyundai's new Managing Director and CEO Han-Woo Park on Wednesday said as of now there was no such plan. “As of today, I do not consider a diesel plant, I do not have any idea. If the diesel market expands, then we will consider,” he told reporters.

India beats China in car exports. The Indian car market is 19 percent of China’s. Car makers like Suzuki Motor Corporation, Hyundai Motor Company and Nissan Motor Company are making India a hub for overseas sales of mini cars. Helped by cheaper labour and a surging local market, India this year overtook China in car exports and is challenging Thailand and South Korea as an alternative production center in Asia.

Hyundai Motor India plans to increase its output by 20 per cent. In order to meet its target, India second largest car maker will hire 1,000 people by the end of this month.

Hyundai Motor India launches the New Verna in the Indian car market. It is introduced in four variants with a host of significant modifications in both the exterior as well as interior.

Hyundai Motor India relocated its existing company owned showroom to a more accessible and up market area in the Raghuvanshi Mills Compound in Lower Parel, Mumbai. Earlier the facility was situated at Peddar Road in Mumbai.

Hyundai Motor India Ltd. (HMIL) and has registered a decline of 1.8% in cumulative sales for the month of March 2009. The car manufacturer recorded a drop of 15.8% in domestic sales but the export grew by 21.6%.

Hyundai Motor India Ltd. (HMIL) has registered 1.3% decline in cumulative sales for the month of January 2009. However, the export grew up by 20.9% with a total of 16,200 units sold in January 2009 against 13,399 units sold out in the same month last year. The overall sales in January 2009 stood at 37,216 units with a drop of 1.3%.

Hyundai Motor India experienced an impressive growth of over 45 per cent in domestic sales in the month of February against same month in 2008. Cumulative sales were increased by about 32 per cent and the export sales grew by 18 per cent.

Hyundai Motor signs a partnership with Punjab National Bank (PNB) in order to provide easy car finance to its customers. The partnership is aimed at accelerating car loan disbursals and offer competitive interest rates.

Hyundai Motors organizes the sixth Free Car Care Clinic at 375 dealerships across India. The launch is aimed at extending company's effort to provide excellent services and free check up to its valued customers. The event is organized in continuation of 10 years celebration of company's presence in India and will continue till March 29, 2009.

Hyundai Motor India signed a Memorandum of Understanding (MOU) with the Canara Bank to provide easy finance facilities for its customers. The partnership is aimed at boosting the business at a time when the industry is facing a major slowdown.

Hyundai Motor India is set to increase car prices by up to 2%. The prices of the Hyundai car models are likely to get increased in the range of Rs 1,000 – Rs 18,000.

Hyundai Motor India Ltd. has signed a MOU (Memorandum of Understanding) with the Syndicate Bank to provide easy car finance to all its car buyers across the country. This partnership will help both (Hyundai Motors and Syndicate Bank) to reach out to a wider market and accelerate car loan disbursals.

Hyundai Motor India Ltd. launches the all-new Sonata in the Indian car market. The launch of this upgraded version is aimed at strengthening Hyundai's position in the luxury car segment.