Saturday, May 23, 2009

Hyundai adds to its alternate fuel range

Launches Accent LPG variant with unlimited 2 Year Warranty offer
21 May 2009 , New Delhi : Hyundai Motor India Ltd., the country’s largest passenger car exporter and the second largest car manufacturer, as part of its initiative to promote eco-friendly and non-polluting means of transport, today launched its LPG variant of the very popular Accent. The LPG, bi-fuel variant will be priced at Rs 533,900 which is Rs 34,900 more than the existing petrol model and it is fitted with an engine immobilizer as a standard fitment for added security.

The new LPG version of Accent, named as Accent eco (eco is synonymous with environmentally friendly and economy) comes with a factory fitted LPG kit approved and certified by the Department of Explosives (DOE) and Automotive research Authority of India (ARAI), the country’s premier automobile testing and certifying authority.

Powered by the 1.5 litre engine which is mated to a 5 speed, manual Transmission, the Accent eco offers its customers a unique combination of safe and reliable performance with an unmatched fuel economy. With separate Petrol (45 Litre) and LPG (27.2 litre) fuel tanks, the customers has an option to choose from both LPG and petrol driving mode. The LPG tank in the Accent eco has a special ‘Toroidal’ design that allows intelligent use of space and makes for a larger luggage room available to the customer.

Announcing the launch, HMIL, Managing Director, H S Lheem, said, “The Accent has always been a very strong product in its segment. Earlier we had introduced it with a CNG kit and our customers found it to be a really attractive proposition, as it has all one can look for in this class of cars. The LPG version will only add to the appeal of Accent, as it will not only be cheaper to run and maintain but also eco friendly. At our end, we have ensured that Accent LPG meets all the safety standards as our customers need to be assured of the safety and reliability of our products that we offer to them.”

The factory-fitted LPG kit in the Accent eco enjoys a full 2 year manufacturer warranty benefits thus ensuring enhanced peace of mind for the customers. Accent eco also boasts of the lowest greenhouse gas emission as it emits lower CO2, as compared to the petrol version of the car, hence making it extremely environmentally friendly.

Other highlights of the Accent eco includes reduced engine maintenance, longer life of spark plug and engine, less frequent change of engine oil, safe and reliable. In addition to that, the car offers ample luggage space, smart and ergonomic design and efficient performance. Hyundai in keeping to its high safety standards ensures that the car goes through LPG leakage detection test thrice before it is delivered to customers and has a special filler cap inside the LPG lining to prevent wear and tear of the parts. HMIL offers the Santro in CNG and LPG variants and now the Accent LPG adds to its range of offerings in the alternative fuel cars. The Accent CNG was launched in June, 2008.

About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest car manufacturer and the largest passenger car exporter from India. HMIL presently markets 33 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime, i10 and the Premium hatchback i20 in the B+ segment, the Accent and the Verna in the C segment, the Sonata in the E segment and the Tucson in the SUV segment.

Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 489,328 vehicles in the calendar year (CY) 2008, an increase of 49.6 percent over CY 2007. In the domestic market it clocked a growth of 22.4 percent as compared to 2007 with 245,397 units, while overseas sales grew by 92.5 percent, with exports of 243,931 units.

HMIL`s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL commissioned its second plant in February 2008 which produces an additional 300,000 units per annum, raising HMIL`s total production capacity to 600,000 units per annum.

HMIL has invested to expand capacity in line with its positioning as HMC`s global export hub for compact cars. Apart from the expansion of production capacity, HMIL currently has 253 strong dealer network across India, which will be further bolstered in 2009.
In 2008, HMIL also successfully completed 10 glorious years of operations in India and to commemorate its achievements, initiated a unique trans-continental drive from Delhi to Paris in two of its hugely popular i10 Kappa cars. The drive created automobile history by completing a distance of 10,000km in just 17 days after which the i10s were showcased at the Paris Motor Show in October. In fact it was at the Paris Motor Show that HMIL first unveiled the Hyundai i20 and the car received a phenomenal response from the auto enthusiasts across the world. Hyundai Motor India also accomplished the landmark of producing the fastest 20th lakh cars in India in 2008.

Like 2008, the year 2007 had also been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 400,000th export car. Hyundai exported to over 100 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. 2007 also saw the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.
Hyundai`s new model i10 made a clean sweep of all the `Car of the Year 2008` awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 was also the choice of the discerning automotive media of the country as they conferred the prestigious `Indian Car of the Year` (ICOTY) award to the i10 as well.

The Santro and the Accent also received the `TNS Voice of the Customer - 2008` award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.

In 2007, the Hyundai Verna had also bagged some of the most prestigious awards starting with the Overdrive magazine`s `Car of the Year 2007`, the `Best Mid-size Car of the Year` award from NDTV Profit Car & Bike India, the `Best Value for Money Car` from CNBC Autocar and `Performance Car of the Year` from Business Standard Motoring.

Hyundai cars have been a favorite at all awards ceremonies and has won many awards. The Sonata Embera won the `Executive Car of The Year 2006` award from Business Standard Motoring magazine and NDTV Profit Car & Bike India had declared the Tucson as the `SUV of The Year 2006`.

Not only this, HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices.

Corporate website: www.hyundai.co.in

Sunday, May 17, 2009

Want a Tata Nano? Get In Line Behind 200,000 Indian Buyers

Tata Motors

Tata Motors

The Tata Nano, India's equivalent of the Ford Model T a century later, finally went on sale on April 9th. And while it may not seem like much of a car to US buyers, more than 200,000 eager Indian buyers put down deposits for cars that won't be delivered for as long as two years.

And that should be a relief to Tata, whose $2 billion purchase of Jaguar Land Rover from Ford Motor Company last August couldn't have come at a worse time, just weeks before the global auto market began to implode. Deposits of roughly 90 percent for confirmed Nano orders have added $500 million to company coffers (though of course they'll have to spend most of that money to build the cars).

And in a first for any Indian car, roughly 4,000 were ordered and paid for online, via the Tata Nano website.

According to Tata, in just two weeks, it received 203,000 paid orders and sold another 600,000 booking forms for the car. The first year's production of 50,000 cars from a factory in Pantnagar will be delivered starting in July. They and another 50,000 Nanos from a factory--which had to be relocated from Singur to Gujarat after protests over land seizures--will be allocated among paid-up buyers by lottery.

Proving the allure of optional equipment, just one of five Nanos ordered are the bare-bones Nano Standard model, costing $2,000. Another 30 percent are the mid-level Nano CX, which adds air-conditioning and power brakes, but fully half the buyers paid for the top-of-the-line Nano LX, which tops out at $3,300. That model has electric windows and door locks, nicer trim, body-colored bumpers, and more.

The Nano has gotten good reviews, from a first ride report in December to more recent full road tests. They pretty much add up to: "Yep, it's a real car. Handles decently, not that fast, fits four adults. Gee, that's pretty amazing, isn't it?"

While Tata will have its hands full with home-market orders for a couple of years, it's moving ahead aggressively with plans to sell the Nano in Europe and perhaps even in the United States. For reference, the Nano is 10 feet long, longer than the two-seat 2009 Smart ForTwo but shorter than a 2009 Mini Cooper.

Tata Nano Europa at Geneva Auto Show

Tata Nano Europa at Geneva Auto Show