Hyundai Motor India Ltd has launched the Grand i10 in Hyderabad in the petrol and diesel variants.
The new hatch powered by a 1.2-litre Kappa petrol and 1.1-litre new generation diesel engine has been pegged in the fast-growing compact car segment.
Grand has been designed by Hyundai R&D teams based in Namgyang, and teams located in its Hyderabad and Chennai centres. The Hyderabad R&D team, in particular, has played a role in localising the car to suit Indian requirements, which includes rear A/C vents.
Addressing a press conference here today, Rakesh Srivastava, Senior Vice-President of HMIL, said the company, which has completed 15 years of operations in India, currently offers nine models across different segments. “We plan to add some more models to the company’s stable, including a sedan, a multi-purpose vehicle and a sports utility vehicle,” he said.
The company has gained market share in the first seven months of 2013 to register 20.4 per cent growth as against 18.8 per cent logged in 2012. “This growth is heartening as it comes in the backdrop of a 12 per cent de-growth in the automotive segment in the country,” he said.
Hyundai produced 6,41,000 cars in 2012 from its Chennai plant in India, and sold about 3,91,000 in the domestic market and exported 2,50,000 vehicles. “We expect to continue this growth momentum and consolidate our market share,” he said.