Excelsior Correspondent
JAMMU, Sept 3: The car manufacturing company ‘Hyundai Motor India Limited’ today launched its much awaited new compact car ‘Grand i10’ in India.
Speaking on the launching function at New Delhi, Managing Director and CEO, HMIL, BS Seo, said, “the Indian automobile market is going through a slowdown right now, but it is a temporary phase. India has got potential in the long run…We will continue to being new products and technology and we hope that the Grand i10 will bring excitement to the market.
At Jammu, The dealership of Jammu ‘Crest Hyundai’ unveiled ‘Grand i10’ in the presence of VIPs and customers. Chief Manager, J&K Bank, Gangyal , Nishikant Sharma was the chief guest on the occasion while Anil Puri, MD, Crest Hyundai and General Manager, Crest Hyundai were the guests of honour.
Speaking at the launch, Managing Director, Crest Hyundai, Anil Puri said, “The ‘Grand i10’ is a world-class product developed for the Indian market. The grand symbolizes Hyundai’s commitment to Indian customers by offering high standards of quality, durability and reliability. It offers an ideal urban mobility with a complete package from style to performance creating a new benchmark in the Compact High Entry segment.”
The Grand i10 comes in two engine variants — 1.1 litre diesel and 1.2 litre petrol. While the petrol variant is priced at 4.38 lakh, the diesel version is priced at Rs 5.32 lakh.
With the launch of the Grand i10, HMIL has discontinued a variant of the existing i10 which is powered by a 1.2 litre petrol engine to avoid cannibalisation.
“The ‘Grand’ is a world class product developed for the Indian market…We expect ‘Grand’ with its excellent value proposition and its unique features, will serve wide range of customers in India,” Seo added.
With the new ‘Grand i10’, the company is stepping up competition to market leader Maruti Suzuki India. The new Hyundai car would compete with the likes of Maruti Swift and Ford Figo, among others.
‘Grand i10’, that will be positioned between i20 and i10, has been modified by the Indian engineers to suit local market by incorporating features such as the rear AC vents and new rear window design, among others.
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