New Delhi: Hyundai Motor India (HMIL) today launched its new compact car 'Grand i10' priced between Rs 4.29 lakh and Rs 6.41 lakh (ex showroom Delhi) as it looks to enhance its position in the country.
The Grand i10 comes in two engine variants - 1.1 litre diesel and 1.2 litre petrol. While the petrol variant is priced from Rs 4.29 lakh to Rs 5.47 lakh, the diesel version is priced between Rs 5.23 lakh and Rs 6.41 lakh (ex Showroom Delhi).
"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," HMIL Managing Director & CEO B S Seo told reporters here.
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.
In a market that has been on a prolonged slowdown, the company is banking on the new model to rev up sales.
HMIL had reported a marginal increase in domestic sales at 28,311 units in August from 28,257 units in August 2012.