Hyundai launches Grand i10, promises 1-2 new models every year

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The Grand i10 comes in two engine variants -- 1.1 litre diesel and 1.2 litre petrol. Reuters The Grand i10 comes in two engine variants -- 1.1 litre diesel and 1.2 litre petrol. Reuters
SummaryThe Grand i10 comes in two engine variants -- 1.1 litre diesel and 1.2 litre petrol.

a decline for the last nine months and we would like to hold on to our volumes. This year we are targeting a total of about 6.5 lakh units as compared to 6.35 lakh units last year," he added.

HMIL had reported a marginal increase in domestic sales at 28,311 units in August this year from 28,257 units in August 2012.

On the export front, he said: "The rupee depreciation has been a sort of beneficial for us. This year we are looking a total export of 2.6 lakh units compared to 2.4 lakh units last year," Srivastava said.

HMIL is focusing on non-European markets like South Africa, Latin America and South East Asian countries to boost exports, Srivastava said.

On the future product launches, he said: "In the next three to four years the company will launch 1-2 brand new products every year."

The compact sedan, compact SUV and MPV are segments which the company is interested, he added.

"The compact sedan segment has become big and growing, we are closely looking at that segment. Compact segment is also growing and that also interests us," he said.

Including the Grand i10, the company plans to launch up to four new models in the next two years, including a compact sedan, compact SUV and a multi-purpose vehicle.

When asked if the company would consider a price hike due to rupee depreciation, he said: "Our margins and volumes are under pressure. We are closely watching the situation."

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