Business Standard. Hyundai Motor India Ltd (HMIL) plans to advance the introduction of the diesel variant of its new small car, the i10, from 2010 to the end of 2008 or early 2009. This will follow the launch of the i20 model.
According to Heung Soo Lheem, Managing Director and CEO, HMIL, the diesel variant of i10 will be fitted with the new engine and transmission system to be manufactured at a plant which is being set up near Chennai.
Lheem said Hyundai will develop new engines for both petrol and diesel cars to be sold in India. The i10 will sport a brand new 80 bhp all aluminium engine that will meet the stringent Euro-V emissions norms. This year Hyundai is targeting a total sales of 580,000 cars, of which 420,000 will be small cars.
Hyundai recently increased its annual manufacturing capacity in India to 600,000 cars, and is considering a further expansion to 1 million units per year by 2015.