The second largest car manufacturer of the country Hyundai Motors India is planning to launch new range of cars in the market. The new range will be included compact SUVs and MPVs along with a hatch back between i10 and i20. The CEO and MD of Hyundai India Mr. Bo Shin Seo has stated that new cars will be launched in diesel engine as the company has done a large investment to manufacture diesel engines.
Seo also stated that partner of Korean company Hyundai Motors, Hyundai Motors India soon going to launch mini SUVs in the auto market. He said that first they will launch SUV among people and after that they will introduce the MPV segment in the market. Hyundai is also planning to give tough competition to Renault Duster along with other automobile companies.
Before this Maruti Suzuki has launched Ertiga and General Motors is also going to introduce Chevrolet Enjoy. This time companies are focusing on diesel cars in passenger vehicle segment. Last year the increment of sale in diesel cars was 28%. Seo has said that the company has developed a plant for diesel engine manufacturing worth cost of $300 million. The capacity of the plant is production of 3 lakh engines.
Mr. Bo Shin Seo also stated that they are not planning for less than 1.1 liter engine. The testing of new Hyundai compact SUV is in progress and the price will be between i10 and i20. Company CEO has said that the pick-up and performance of the car will be better than i10 and the entry level segment car of the company is Eon will remain at the position. Company is planning to give competition to Maruti Swift by launching its new hatch-back.