Hyundai's i20 diesel hits Indian roads

Much-awaited diesel version of the Hyundai i20 diesel has been launched on Tuesday with a new version of petrol operated engine. The car is rolled out in two variants�Hyundai i20 with 1.4-litre CRDI engine and a new petrol variant is a i20 Gamma 1.4 Petrol. The premimum small hatch packs diesel version is priced between at Rs 6.11 to 7.20 lakh. On the other hand new petrol version's price tags are between Rs 7.31-7.42 lakh. All the newly launched models will be available in vibrant seven colours� White, Black, Red, Grey metallic, Blue, Silky Beige.

The base model of the Hyundai i20 has seen a great success in India and abroad. The petrol version is equipped with a 1.4 Litre CRDi powertrain that develops a maximum power for 90 PS @ 4000 rpm and a maximum torque of 224 nm between 1750 - 2750 rpm. While the upgraded petrol variant incorporates a 1.4 Litre unit christened Gamma and generates a maximum power of 100 PS @ 5500 rpm and maximum torque of 139 Nm @ 4200 rpm. The revamped petrol version is provided with a 4 speed automatic transmission only.

Hyundai will shift part of i20 production from Chennai in 2010

The decision which was taken during the labour strike at Hyundai Motor India's plant near Chennai in April and May, is still alive and this is to come true may be in 2010. At that time, the company decided to shift the production of the car out of India. Now, the HMIL has come up with new place to produce i20. Nevertheless, the reason for the shifting is said to be the logistics costs and import duty that add 10-15 per cent to the price of cars exported from India. It may be Turkey, the Czech Republic or Slovakia. In spite of the decision, India will be the main production hub for the car. All the expected places, where the production will start, is more closer to its large overseas markets such as Germany, France, Italy and the UK. "We are looking at competitive pricing for the i20 and will shift some portion of its production next year. While India will remain as the main production hub for the car, the European orders will be met from the new production facility,� HMIL CEO & MD HS Lheem said.

Hyundai i20 new variant launched in Indian market

India's second largest car manufacturer Hyundai Motor India Ltd (HMIL) launched the new uber cool variant of Hyundai i20 in Indian market. Hyundai i20 already stormed the Indian and Internationnal small car market by its stylish sporty look and advanced features.

The new Hyundai i20 packed with the styling features, beige interiors with advanced and luxurious features, active safety feature includind airbags, ABS (Antilock Brake System) with EBD, child lock etc. Hyundai recently launched the diesel and automatic transmission variants of Hyundai i20 in Indian market.
On the launching ceremony of diesel variant of Hyundai i20, H S Lheem, Managing Director, Hyundai Motor India Limited said, � We delight to to launch the diesel variant of Hyundai i20, especially after its huge success in Indian as well overseas market. Hyundai i20 will also be available now with automatic transmission gearbox � a first time in the premium small car segment."

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.