Hyundai lowers down the waiting period for Verna, i20

Hyundai Motor India Ltd (HMIL) India's largest passenger car exporter and second largest manufacturer has enhanced the supply of its popular diesel i20 and Verna models starting this month. The supply of both the diesel cars taken together will go up almost 50% from the existing 7,000 units per month to 10,500 units per month.

The decision to increase supply of diesel cars follows the Union Budget last month which left the tax structure on passenger cars untouched. “Increased supply will ease the waiting period substantially, we expect the waiting period for the diesel Verna to drop from six months to two to three months and for the new iGen i20 to about a month,” Mr Arvind Saxena, Director, Marketing and Sales, Hyundai Motor India Ltd said. The company has been able to enhance supply by ramping up diesel engine imports from South Korea. “Our customers have shown great patience, they have waited for many months, we owe it to them to deliver our cars at the earliest,” Mr Saxena further said.In calendar year 2011 HMIL's domestic sales aggregated 373,709 units a growth of 4.8% from 356,717 units in the previous year.

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently markets eight passenger car models across segments -- in the A2 segment it has the Eon, Santro, i10 and the i20, in the A3 segment the Accent and the Verna, in the A5 segment Sonata and in the SUV segment the Santa Fe.

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