Major auto makers in the country on Friday reacted to the government`s decision to increase the central excise duty to 10 percent by saying they will increase car prices -- possibly by up to Rs 25,000.
US auto sales edged higher in November, led by an outsized gain for Hyundai Motor Co (005380.KS) and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.
Hyundai Motor India Employees Union, which served a strike notice last week over a contentious labour union election issue, is expected to convene a general body meeting soon to chalk out its future course of action.
Hyundai Motor India has taken Mahindra Renault to the Delhi HC objecting to the latter`s plan to launch a compact car in with the name `Sandero` alleging that the rival was trying to cash in on its popular brand Santro.
Hyundai Motor India (HMIL) on Thursday reported 16.41 percent growth in its total sales in September at 53,804 units, the highest ever monthly sales since the company first rolled out its car in India 11 years ago.