Coming soon from Hyundai: compact SUV, sedan based on i10 Grand | india | Hindustan Times
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Coming soon from Hyundai: compact SUV, sedan based on i10 Grand

india Updated: Sep 09, 2013 03:47 IST
Sumant Banerji

Close on the heels of its new small car, the Grand i10, Korean auto major Hyundai Motor India Ltd (HMIL) has said it is developing a compact sedan based on the small car, to be launched next April. The car would compete with the likes of Maruti’s long-time bestseller Swift Dzire and Honda’s recent success, the Amaze. A compact SUV is also in the works.

“We are developing a compact sedan based on the Grand i10,” said Cha Rukh Han, senior executive director, HMIL. “It will be launched by March-April next. We are also developing a compact SUV to compete with Renault Duster and Ford EcoSport.”

HMIL does not have any product in the entry-level sedan space after it phased out the Accent earlier this year.

The passenger car industry has been sliding in recent times, withsales growing a little over 2% in 2011-12 and declining by about 7% in 2012-13. This fiscal so far, the decline has risen to nearly 10%.

The compact sedan and SUV segments have however seen decent growth this year. Sedans with less than 4 metres length attract lower excise duty than full-sized sedans, making them more affordable and practical — one reason why they are in demand even in a depressed market.