Hyundai i20 Rolls Out

Hyundai i20 has finally launched in the Indian car market. This new car makes a significant presence in the Hyundai’s portfolio of cars.

The all new Hyundai i20 is artistically crafted with fresh ideas and novel solutions. It is designed and built in response to the requirements and expectations of the present day car consumers. Structured with brilliant styling and detailed with engineering excellence, this new car is known to revolutionize the small car segment in the country.

The exterior of the car is made more impressive with body coloured radiator grille, attractive headlamps, and striking rear light clusters. In the interiors, Hyundai has packed a host of exhilarating car features like 60:40 split folding rear seats, refrigerated glove box, 2 DIN CD + MP3 Music System, and a pleasing multi information display. These feature are standard in all three variants. But the top end version is adorned with extra luxurious and functional car features like the steering mounted audio control, leather wrapped steering wheel and TGS knob, fully automatic A/C, foldable key with keyless entry function, height-adjustable driver seat, and and adjustable head rest.

In terms of safety also, the new i20 is loaded with a host of car safety technologies to ensure maximum safety for car passengers. With special focus on fuel-efficiency, the i20 is propelled with a responsive 1.2 Litre Kappa, DOHC petrol engine.

Available in a rainbow of seven vibrant colours, the new i20 would definitely rock on Indian roads.

New Taxis to Replace the Old Ones in Mumbai

Mumbaikars are tired of the confined and old-fashioned ‘yellow black’ Padminis are looking forward for alternatives. Roomier Maruti Omnis, Indicas, WagonRs, and Santros will progressively replace around 12,000 taxis in the Mumbai city.

The Mumbai Taximen’s Union has decided that metropolitan cities will have 200 Maruti Omni vans plying on the roads, which will replace the old car models. However, the decision is in line with the state government’s policy to discontinue 25-year-old black-and-yellow taxis.

The Union is also phasing out 200 old Premier Padmini taxis with the Omnis by end of October. Despite the fact that Indica, WagonR and Santro have also been chosen, the first 200 cars will be Omnis as they are low-maintenance and cheaper cars with more luggage space than any other car listed above. Also there is a good discount offer on the purchase of 200 cars where the cost will be only Rs 1.89 lakh instead of Rs 2.35 lakh.

So 12,000 old taxis will be replaced in the first phase itself. However, the Govt. has set a deadline for replacement by the end of December 2008. However, union senses that it will take around a year to complete.

Exceptional discount schemes from Hyundai for Government Employees

Every car manufacturer promotes their products in an attractive way and Hyundai always offers it customers in a unique way. The car manufacturer is offering special discounts of up to Rs 31,000 on some of its cars especially for government employees. It is aiming to cash in on the higher salaries and arrears under the Sixth Pay Commission.

This scheme is offered only for the month of October and November and will be for both state and central government employees. During the festive season, this will be an added incentive for the employees to buy a Hyundai car.

However this is offered considering the fact that the government employees are due to receive the arrears after revision in the Sixth Pay Commission. These arrears can be used to make a down payment for purchase of the car. Moreover, the revised salary increment can be utilized to help them to pay in monthly installments.

The cars that would be offered discount are Santro, i10, Getz, Accent, and Verna.

In addition, Hyundai is tied up with Axis Bank, State Bank of India and HDFC Bank to lure finance schemes to the government employees.

More i10 to Be Produced in India

Hyundai i10 was launched in the year 2007 and till date it has made remarkable sales in the market. The demand for the hatchback is increasing massively in domestic as well as overseas market. The car manufacturer has opened a third shift in their plant in south India to meet the growing demand for this compact car.

Hyundai is all set to make India a manufacturing hub for small cars. Till now the i10 has been sold more than 172,000 units in the country.

The company wants to make a noteworthy place in the Indian market. There are also a series of new launches like i20 to be launched by the end of this year and i30 and i40 would be launched in the coming months.

The thirst for i10 is increasing day after day and this is the best way to satisfy the customers by increasing the production of this exciting car.

Hyundai i-Series with Different Engines

Hyundai has started a trend of i-series in its line of car production. The first Hyundai i10 had a powerful and fuel-efficient engine but that was further replaced by kappa engine in the same car model. This new version is popularly known as Hyundai i-10 kappa.

Now, when the company is almost ready to roll out its next i-series, Hyundai i-20, the company plans to equip the car with more advanced engine technology. This new i-series will roll out with the latest generation U 2 diesel engine. It will be manufactured from the Hyundai’s facility in Chennai.

The U2 diesel engine is more efficient than the ones in original i-10 and i-10 kappa. This powerful engine is a 1,582 cc 4-cylinder engine that uses common rail diesel injection system, delivering128ps @ 4000rpm.

Hyundai i-20 with the advanced engine technology will definitely be a big hit in the Indian car market.

Indian Car Manufacturers Increase Export Targets

The value of Indian rupee has depreciated and many of the Indian car companies have revised export targets and are spying on new markets to push overseas car sales.

The rupee has decreased against the dollar in the beginning of the financial year from Rs 40 to Rs 46. Hyundai, which is India’s largest car exporter, is scheduling to revise its export target and is looking out for favorable currency rate and to enter into newer markets.

Currently Hyundai is exporting to 96 countries and is present in all major car markets. The rupee depreciation took place very recently and the company is still working out on its impact. It will also help the company for better export revenues.

Even Mahindra and Mahindra senses that the present scenario is good for exports. In addition, this is the best time for many of the car manufacturers to gain good profits. So many of the car manufacturers are geared up to find more new and small markets and make their company a remarkable one.

Government Helps Car manufacturers to Export Small Cars

The thirst of small cars is increasing tremendously in both the Indian market as well as global markets. Now the government is also lending a helping hand to the Indian car manufacturers by extending Focus Market Scheme (FMS) incentives. Here the automobiles are exported to targeted markets will get cash-incentives of up to 5%.

The worldwide market is likely to increase to 83 countries that will be covered under FMS. Basically, this scheme is set up to aid Indian car manufacturers to conquer a larger portion of the growing markets in Latin America, Africa and the CIS bloc and build India a global hub for small cars.

The new policy is taken up by the Government chiefly to help the manufacturers in gratifying the demands for smaller and fuel-efficient cars in the world markets.

India’s largest car manufacturer, Maruti Suzuki plans to tap the market with its most eagerly waiting hatchback, the A-Star. Whereas Hyundai plans to export its most popular i10 to the US.

Hyundai Rejoices 10 Years of Success In India

Hyundai has made a long and safe journey in Indian roads. The company has made a blast with its triumphant celebrations of its successful operations in India for 10 years.

Enchanted with its success the car manufacturer has announced several attractive schemes & promotions for all the existing and potential consumers of Hyundai Motor India Ltd (HMIL). On the way to honor its decade safe journey in the country, a transcontinental Delhi to Paris drive was also flagged off.

Hyundai is rightly called as the second largest passenger car manufacturer and the largest passenger car exporter in the country. The grand success began when the magnificent i10 was launched globally last year. The i10 has bagged with the ‘Car of the Year’ awards 2008 and has made a remarkable pace in the Indian roads.

Hyundai is planning to launch its i20 and i30 that are on the way to hit Indian roads soon. It is also launching low-cost car in the market which would cheaper than Santro and would be priced between Rs 1,80,000 to Rs 2,25,000.

Honda’s Next Generation City by September

Honda City has been one of the most admired and largest selling mid-size sedan is coming out with its next generation. This exclusive car has made thriving place in the Indian car market. The new City-2008 is coming with a scoop of flashy features and is set to be launched by mid-September.

The New Honda City with a new version will be pricier than the current version and will be available in 3 to 4 variants at different price tags carrying different configurations.

The car will have brand features like Anti-Lock Brake System (ABS), paddle shift gear option (where you don’t need to use the clutch pedal) on steering, multi-airbags, integrated music system with steering mounted controls, temperature control and electronically adjustable front seats.

However, the New City will be competing against the yet to be launched Hyundai Elantra, Fiat Linea and Toyota’s new Corolla.

Hyundai Pleased With Car Sales

Hyundai seem to be happy as it has made excellent passenger car sales this month. The company has increased its sales by 28.2 % to 36,152 units in July 2008, against 28,204 units in the same month last year.

However the domestic car market sales determined a marginal growth of 0.4 % at 15,066 units in July, against that of 15,003 units in the same month last year.

The car manufacturer has sold 30,614 units of Santro, Getz and i10, 5,504 units of Accent and Verna, 28 units of Sonata Embera and 5 units of its SUV Tucson in the month of July.

Several auto companies sense that it has been a challenging month for the entire car industry with the pressures disturbing market sentiments like inflation, increase in interest rates and fuel prices.