Coming soon from Hyundai: compact SUV, sedan based on i10 Grand - Hindustan Times

Close on the heels of its new small car, the Grand i10, Korean auto major Hyundai Motor India Ltd (HMIL) has said it is developing a compact sedan based on the small car, to be launched next April. The car would compete with the likes of Maruti's long-time bestseller Swift Dzire and Honda's recent success, the Amaze. A compact SUV is also in the works. "We are developing a compact sedan based on the Grand i10," said Cha Rukh Han, senior executive director, HMIL. "It will be launched by March-April next. We are also developing a compact SUV to compete with Renault Duster and Ford EcoSport." HMIL does not have any product in the entry-level sedan space after it phased out the Accent earlier this year. The passenger car industry has been sliding in recent times, withsales growing a little over 2% in 2011-12 and declining by about 7% in 2012-13. This fiscal so far, the decline has risen to nearly 10%. The compact sedan and SUV segments have however seen decent growth this year. Sedans with less than 4 metres length attract lower excise duty than full-sized sedans, making them more affordable and practical — one reason why they are in demand even in a depressed market. via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEb8ZlYcpnZo3S08mzbm2aVpsTtgw&url=http://www.hindustantimes.com/Autos/Latest-News/Coming-soon-from-Hyundai-compact-SUV-sedan-based-on-i10-Grand/Article1-1119359.aspx?htsw0023

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