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Hyundai ups production of diesel variants of Verna, i20 by 50%

The supply of both the diesel cars taken together will go up almost 50% from the existing 7,000 units per month

Press Trust of India  |  New Delhi 

The country's second largest car maker India today said it has ramped up the of diesel variants of its sedan and compact car i20 by up to 50% from this month.

"The supply of both the diesel cars taken together will go up almost 50% from the existing 7,000 units per month to 10,500 units per month," India Ltd (HMIL) said in a statement.

The company has increased sourcing of diesel engines from following increased demand of such cars in India due to a big difference in retail prices of petrol and diesel.

Commenting on the development, (Marketing and Sales) Arvind Saxena said: "Increased supply will ease the waiting period substantially. We expect the waiting period for the diesel to drop from 6 months to 2-3 months and for the new iGen i20 to about a month."

Last year, HMIL had put on hold its Rs 400-crore diesel engine plant.

The plant was envisaged to have an annual capacity of 1.5 lakh units for three types of engines -- 1.1 litre, 1.4 litre and 1.6 litre for the domestic market.

With the Budget for 2012-13 leaving the tax structure of diesel-driven vehicles unchanged, the company had recently said that it was evaluating the situation and would take a decision soon.

In 2011, HMIL's domestic sales increased to 3,73,709 units, registering a growth of 4.76% from 3,56,717 units in the previous year.

First Published: Mon, April 16 2012. 15:42 IST
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