Hyundai i20 is Hyundai Motor India's one of the prestigious models in the premium compact car segment. Hyundai have launched a new diesel version of the i20 with a 1.4 litre engine. It costs Rs 6.19 lakh for the base model and Rs 7.20 lakh for the top end variant. Hyundai has also introduced an automatic version of i20 in the petrol variant, with the base model priced at Rs 7.31 lakh.
With the introduction of this new diesel variant, Hyundai Motors are planning to compete with other diesel engine cars like Maruti's Swift & Ritz, Honda's Jazz and Fiat's Grande Punto. So far, there wasn't any diesel plants in India for Hyundai and they were importing diesel engines that itself costs about 25 per cent of the total cost of the car.
Now Hyundai Motor India is expecting to start a new diesel plant in India near Chennai by the end of next year.The company's strategy to set up a diesel engine plant and localise parts will help lower costs as it intends to increase the sale of its diesel models.
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