Lock them in

Automobile firms worried about the impact of rising petrol/diesel prices would do well to learn a thing or two from Korean automaker Hyundai, which has just launched several models in the US by assuring buyers they could buy gas at $1.49 a gallon, or around half that prevailing in the open market — Hyundai would make good the difference in costs at select petrol outlets. Depending upon how much the average buyer drives in a year, auto firms may find this a useful tool with which to attract customers. Apart from other methods, Hyundai has also been using sites like Twitter to attract customers.
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 09 2009 | 12:56 AM IST
