Hyundai Motors India Limited plans to manufacture is new model i20 solely in India. The company has already shifted its manufacturing bases to India for its small cars and has made India as its manufacturing and exports hub for small cars. It also plans to double its exports target in coming times. The new i20 shall be revealed in September at the Paris Motor Show 2008. The company has no plans to phase out its popular model Hyundai Getz in near future.
Hyundai is world's fifth largest car manufacturer and second largest in India. Indian customers can expect the new model in India by the end of the current calendar year. The new I20 would be powered by the latest Kappa engine from Hyundai which has recently been installed in the new version of i10.
"With the launch of these models, the contribution from Indian operation to overall global sale of Hyundai will increase to 15 per cent in a couple of years from the current 12 per cent," said HS Lheem, Managing Director, Hyundai Motors India Limited. He also stated that the new engine is exclusively being manufactured in India and the new i20 powered by this engine would compete effectively with similar cars in the small car segment.
