Hyundai India, the second largest manufacturer of passenger cars in India, announced today that they are increasing production of their diesel models of i20 and Verna. Hyundai i20 and Verna are top selling variants from the South Korean car maker in the country, because of which they come with a considerable amount of wait period, as demand is always high.
But Hyundai will be reducing wait period by as much as 50% as they have increased production by 50%. Instead of producing 7,000 units of i20 diesel and Verna diesel, Hyundai India will now be churning out 10,500 units every month.
Verna, i20 waiting period to come down
Hyundai ramping up supplies of diesel cars
New Delhi, April 16, 2012: 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.