We will increase Grand i10 production to reduce waiting period: Hyundai Motor

Nov 02 2013, 10:06 IST
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Grand i10 launch in the midst of  the slowdown has proved to be successful for Hyundai. (Reuters) Grand i10 launch in the midst of the slowdown has proved to be successful for Hyundai. (Reuters)
SummaryHyundai Motor has achieved its highest-ever market share in Indian market, crossing 20.3% in Sept.

last 45 days we have received 1.61 lakh enquiries and 20,000 bookings of Grand i10. Right now the top-end variants are on an eight week waiting period and the entry-level variants have around four-weeks waiting period. Last month we sold 8,411 units. We will increase new model Grand production by adding 2,000 units, crossing 10,000 units a month to reduce the waiting period as early as possible to cater to the demand.

How do you think the company will finish this year in terms of sales?

Currently our plant capacity utilisation is at 99% to match our domestic and export markets. Our annual production capacity is at 6.3 lakh units per annum; and with some re-engineering we can produce 6.8 lakh units. We are expecting highest market share this year since our inception in India and it is difficult for us to predict the numbers that we will end up with at the end of this year.

You have been talking about a new SUV, MPV and replacement for Accent sedan for quite some time. Any updates?

The UV, MUV and compact sedan segments have evolved in the last three years in India. We believe these segments have strong potential for the future and this provides us an added opportunity to evaluate these segments now. As announced, we will launch products in SUV, MPV and sedan segments in the coming years. We have also made an investment of $300 million to commission a flexible engine plant. With the addition of this plant we will be able to manufacture both petrol and diesel engines and service the requirements for domestic market and exports.

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