Even though Hyundai India is gearing up to shift one-third of the i-20 model’s production (the export-driven version) to Europe by 2010-mid due to logistical reasons and tax benefits, it has also decided to put curtains on its less-than-a-decade-old model Getz by 2011 owing to dwindling demand.
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Hyundai India
Getz to be phased out by 2011, facelifted Santro launch shortly by Hyundai India
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Hyundai to produce $5,000 car in India
South Korean carmaker Hyundai Motor Co plans to produce a new model in India priced as low as $5,000 and targeting emerging countries, Japanese business daily Nikkei reported.
Lheem Heung-soo, chief executive of Hyundai Motor India Ltd, told Nikkei in an interview the 800cc car, to be manufactured at its Chennai factory, would retail for $5,000-$6,000, adding the vehicle’s debut was several years away.
In addition to the rollout in India, where Hyundai is ranked No. 2, the model will be shipped to other emerging countries, the paper said.
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