budget car

List of News and Information about budget car on 4WheelsNews.com

News and Information about budget car

Read the latest news and information about budget car published on 4WheelsNews.com! View comments and pictures about budget car on 4WheelsNews.com!

You also might be interested: india, budget car

Hyundai introduces the $5,496 Eon in India

Hyundai Motor Co. has introduced the Eon hatchback in India, the cheapest model it has offered in the country so far. Hyundai, which is on track to be the most profitable Asian automaker this year, is intensifying its campaign to weaken Suzuki Motor Corp.’s dominance in India’s automobile market. The Eon has a starting price of 269,999 rupees ($5,496).

Maruti Suzuki India Ltd., which produces the top-selling Alto car priced from 235,413 rupees, has recently unveiled a new version of this model with features like leather seats and an upgraded audio system.

The worldwide market share of Hyundai has widened this year, at the expense of Japanese automakers Toyota Motor Corp. and Honda Motor Co. amid the impact of the March 11 earthquake on its operations, supply, and sales. The launch of the Eon puts the pressure on Maruti Suzuki, whose share in India has fallen due to competition and a labor strike. Deepesh Rathore, the head of IHS Automotive, said that the Eon will be Maruti’s “biggest headache.”

Read the entire article Hyundai introduces the $5,496 Eon in India

Hyundai to introduce its cheapest car in India to take on Suzuki

Suzuki Motor Corp. better be prepared as Hyundai Motor Co. makes its move in India with a campaign for its new hatchback that aims to unseat Suzuki’s dominance in the country. Hyundai, which is on track to be the most profitable Asian automaker this year, started sales of the Eon last Thursday. The model was recently introduced during a press conference in New Delhi. Hyundai said that this is priced lower than its cheapest model, the Santro that costs 280,897 rupee ($5,700).

India’s top-selling car, the Alto compact from Maruti Suzuki India Ltd., has a starting price of 235,413 rupees in New Delhi. Hyundai, headed by chairman Chung Mong-Koo, has taken away some of the global market share from Toyota Motor Corp. and Honda Motor Co. as Japanese automakers suffer from the stronger yen plus the impact of the March 11 earthquake on its supply and output.

Maruti Suzuki’s share in India has been dropping due to competition as well as the delay in production due to a labor strike. Deepesh Rathore, the head of IHS Automotive, said that the Eon will be Maruti’s “biggest headache.”

Read the entire article Hyundai to introduce its cheapest car in India to take on Suzuki