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Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter announced an offer for the Santro and the Next Gen i10 – the ‘5 Star Assurance Program’ – aimed at enhancing the value proposition for its customers. The Assurance Program is a limited period offer.
The Mahindra First Choice Wheels (MFCW) outlets extend used models from a number of brands; the model list includes inexpensive cars like Tata Nano as well as super-luxury pieces like Audi A4. The top-selling used cars from the MCFW are the Hyundai Santro in the B-segment and Honda City in the C-segment. The prices of petrol version of any used Santro manufactured between 2001 and 2012 ranges from Rs. 1-3 lakh. The price of second generation Honda City known as the ‘Dolphin’ 2004-05 in the used car market ranges from Rs. 3-5-4.5 lakh. The 2002-03 model of Mercedes Benz C class can be owned for just Rs. 6.5 to 7 lakh. 3 percent of the total sales are made up by the luxury cars.
Hyundai, an ace player in small car segment is likely to take a plunge in the SUV segment in future. Apparently, the auto major is soon to unveil a concept SUV at the upcoming Auto Expo in New Delhi. It is the sub four meter length of the compact Hyundai SUV that gave the goose bumps to the nearest rivals. As with the under four meter length vehicles, one can easily assume the engine size to be around 1.2 L for the petrol motor and 1.5 L capacity for the diesel powertrain. The pricing is going to be one advantage for the auto major as the 8% reduction on excise duty will definitely come-in handy for a sub-4 meter length vehicle.