Discounts on Hyundai India Models for June 2020

Find Offers / Discounts on Hyundai Models for June 2020 here –

  • Santro:
    • Era Variant: Benefits upto ₹30,000 (Cash Discount of ₹10,000 ; Exchange Bonus of ₹15,000 & Corporate Discount of ₹5,000).
    • Other Variants: Benefits upto ₹40,000 (Cash Discount of ₹20,000 ; Exchange Bonus of ₹15,000 & Corporate Discount of ₹5,000).
  • Grand i10: Benefits upto ₹60,000 (Cash Discount of ₹40,000 ; Exchange Bonus of ₹15,000 & Corporate Discount of ₹5,000).
  • Nios: Benefits upto ₹25,000 (Cash Discount of ₹10,000 ; Exchange Bonus of ₹10,000 & Corporate Discount of ₹5,000).
  • Elite i20: Benefits upto ₹35,000 (Cash Discount of ₹15,000 ; Exchange Bonus of ₹15,000 & Corporate Discount of ₹5,000).
  • Elantra: Benefits upto ₹1,00,000 (Cash Discount of ₹40,000 ; Exchange Bonus of ₹40,000 & Corporate Discount of ₹20,000).
  • Tucson: Benefits upto ₹25,000 (Corporate Discount of ₹25,000).
  • Aura, Venue, Creta, Verna & Kona: No Discounts

Ola Electric acquires Etergo

Ola Electric Mobility, instituted in 2017 as a subsidiary of Ola Cabs, has announced its acquisition of Amsterdam based electric scooter EVM – Etergo. Ola electric aims to be a full-fledged EV manufacturer, differing from Ola Cab services. It aims to pioneer and revolutionize premium EV two wheeler segment in India. Ola Electric will be leveraging Etergo’s design and engineering capabilities to build its first smart electric two wheeler, which is expected to be launched in 2021 aiming both global and local markets. Etergo has extensive experience in working with giants like Tesla, GM, Ferrari, Jaguar and BMW.

Since the works are still in the initial stages, we couldn’t get a number at which the EV is expected to be launched. But pinging on the segment of Premium EVs, one can expect it to be priced higher than the most premium e-scooter currently available in the Indian market – the Ather 450x, but still it is a little too early to tell.

Ola Electric is also in talks with energy companies, battery manufacturers and vehicle manufacturers on “swappable batteries” technology, and also to build and promote a green mobility ecosystem.

Bhavish Aggarwal, Founder & Chairman, Ola Electric said, “The future of mobility is electric, and the post COVID world presents an opportunity for us to accelerate the adoption of electric mobility globally. Every year, almost twice the number of two-wheelers are sold across the world compared to cars.” He further added, “With electric, digitally connected capabilities, two-wheelers will further emerge as the most preferred urban mobility paradigm around the world and empower every consumer. We look forward to building the best global capabilities in engineering, design, and manufacturing for these products to be made here in India.”

Commenting on the development, Bart Jacobsz Rosier, Co-founder & CEO, Etergo BV said, “Ola is one of the world’s most admired mobility companies and has led the way for many innovations in the space, including its bold ambition for electric mobility. We are looking forward to joining Ola Electric and together, reimagining electric mobility to transform the way the world moves!”

(The article is written by Karthick. He is an auto enthusiast, and an engineer by profession, currently employed in an auto MNC at Chennai; has a craving on new tech and a particular interest on the Indian automotive market.)

Maruti and VW plan Car-Leasing services in India

As the days ahead are unsure for most car makers, OEMs are delving into new methods to boost demand and increase their sales. They are leaving no stone unturned to up consumer sentiments while also making sure not to dig deeper into their pockets. In line with this, Maruti Suzuki has reportedly planned to start car leasing services across India through their existing dealership networks. VW India has also launched their own version of car leasing services, two days ago.

What is Car Leasing?

The concept is similar to renting a house, where we pay a monthly rent for using the property while not having the burden of owning and maintaining the property. Car leasing is exactly similar, where the customer can choose the car of his choice, and then pays a monthly fee for an agreed period of months. Servicing and maintenance is also usually covered in the monthly fee, and hence is not an additional burden on the customer. Few OEMs also offer courtesy car (spare car) during longer days of service and maintenance.

Benefits of Car-Leasing:

  • Spanking new car, as you like and when you like it.
  • No down payment. Only monthly fee.
  • No risk of “Re-sale” value.
  • No additional maintenance and repair fee
  • No hassle in case of long maintenance, you may get a courtesy car
  • Upgrade to latest tech laden cars, every few years
  • “Pocket friendly”. “Risk Free.”

See how Maruti Suzuki is promoting Leasing options in India –

Benefits of opting for Leasing a Maruti vehicle
Leasing Lifecycle
Leasing v/s Loan comparison

In developed markets like the US, UK and Europe, car leasing is a very popular strategy. Though it is not new in India, this is yet to pick up steam. Many OEMs in India are already providing such services to their customers. Few OEMs feel the current situation may favor car leasing in India and increase demand substantially.

OEMs currently offering car leasing services in India are Hyundai, M&M (through zoomcar), Mercedes Benz and BMW. Maruti and VW are now getting added to the list.

What would you prefer? Owning or leasing? Throw in your comments —

(The article is written by Karthick. He is an auto enthusiast, and an engineer by profession, currently employed in an auto MNC at Chennai; has a craving on new tech and a particular interest on the Indian automotive market.)

Hyundai India exports 5000 vehicles in May 2020

Hyundai India has announced that it has exported around 5000 vehicles in the month of May, after resuming production in its Chennai facility on May 8th. Hyundai is the nation’s leading exporter, and has achieved the feat of becoming the first company to cross 3 Million exports to 88 global markets.  The company has reportedly exported around 1.7 Lakh units in 2019 alone, which includes 792 variants of cars customized for various markets as per the requirements.

Hyundai thus underlines its key commitment – “Make in India – Make for the World”. “This is a testimony of Hyundai’s resilient efforts towards localization and to accentuate economic recovery. Drawing strength from Hyundai’s vision of ‘Progress for Humanity’ we will continue to offer all-round premium experience to our customers through our quality products, both in India and global markets” – quoted Mr. S S Kim, MD & CEO, Hyundai Motors India Ltd.

The company currently exports around 10 models from its Indian plant to various markets across the globe, that includes – Atos (Santro), Grand i10, Xcent, Grand i10 (Nios) & Grand i10 (Aura), Elite i20, i20 Active, Accent (Verna), Venue and all new Creta.

(The article is written by Karthick. He is an auto enthusiast, and an engineer by profession, currently employed in an auto MNC at Chennai; has a craving on new tech and a particular interest on the Indian automotive market.)

Gone but not Forgotten Series – Fiat Punto

Do read our earlier articles in the ‘Gone but not Forgotten’ series – Toyota Qualis, Ford Fusion, Tata Nano, Skoda Octavia Mk1 and Chevrolet Tavera.

The Punto was actually the worldwide successor of the Uno in Fiat’s portfolio. Fiat had launched the Punto nameplate globally in the year 1993. Internally code-named Project 176, the Punto was announced in September 1993 as a replacement for the ageing Fiat Uno and was finally launched in the end of 1993 in the global markets. The Fiat Punto was voted European Car of the Year for 1995, defeating rival Volkswagen Polo! Punto was designed by one of the world’s most iconic car designer Giorgetto Giugiaro – He had designed models in brands like Alpha Romeo, Maserati, VW, Lamborghini & even Ferrari. Giugiaro is widely famous for designing the DMC DeLorean which was notable in its own time for its unique design and was also featured in the Hollywood Blockbuster Series Back to the Future.

India actually received the third generation Punto; also known as the Grande Punto. The car was based from the GM Fiat Small platform – Developed from 2002 in Italy, by Ulrich Schmalohr the engineer head of Opel (subsidiary of General Motors) and Giorgio Cornacchia head-project of Fiat Auto the Small platform was designed to be adaptable for Fiat Group and General Motors small cars. Even the Opel Corsa D was developed from the same platform. The Grande Punto was launched in India during the Delhi Auto Expo in January 2008, with sales starting in June 2009. The Punto was manufactured by the Fiat Tata Motors joint venture Fiat India Automobiles Ltd (FIAL) in a new plant in Ranjangaon, Maharashtra.

We present the reasons why the Fiat Punto makes an entry in the ‘Gone but not Forgotten’ series –

  • Punto was the best selling model in the Fiat India’s Lineup. Fiat had sold 72,235 units in the 10 years of the lifecycle of the model.
  • Timeless Design – Even as on date Punto stands out as one of the best looking hatchback on the road! No wonder it was designed by the legendary Giugiaro. The car’s nose, headlights and front grill look reminiscent of the Maserati Coupé (both were designed by Giorgetto Giugiaro of ItalDesign).
  • Solid Build Quality – The car at its time had received 5 star safety ratings in the Euro NCAP and felt the sturdiest vehicle in its category. Still the Punto customers go gaga about Punto’s solid build and paint quality levels.
  • Calibrated Handling – The car had set new benchmarks in terms of ride quality, high speed dynamics and overall handling. It was nothing but an enthusiasts dream!
  • Excellent Steering Feedback – The Punto was one of last small cars to be equipped with a hydraulic power steering. The steering was brilliant to use and gel well with the ride and handling prowess that the car possessed.
  • Came with National Diesel Engine of India – Fiat was the pioneer of 1.3L Multijet diesel engine and the one in Punto developed 74 bhp Power and 197 Nm of Torque.
  • An Enthusiasts first choice – Punto was one of the first cars to give importance on the overall driving pleasure and ride quality. Even Fiat marketed the Punto to be crafted for a True Fan!

  • The model was surely a savior for Fiat India – The car contributed to 51% of Fiat’s sales in India during its timeline!
  • Fiat later launched various iterations/updates – namely the Punto Evo and the Avventura –

  • The Punto + Evo + Avventura’s combined sales was 72,235 units
  • Even the Abarth version of the Punto was launched in Jan 2016 and it could sell 357 units in its lifetime.
  • Also though Linea was launched before Punto in India; It was developed from the Punto platform!

Let us look at the Punto’s Sales Trend through its years of existence in the Indian market –

  • The Punto had a promising start and sold 9,674 units in the first year of its launch.
  • Punto’s sales increased in the second year and crossed 10k sales mark in 2010. It continued to cross 10k sales in 2011; but post that could never achieve the feat.
  • Do note that Punto was sold in Tata showrooms in its initial days. The showroom staff always had a dilemma to pitch Fiat’s Punto or Tata’s Vista! The inhouse clash actually affected both the brands.
  • The sales did improve in 2014 when the Evo was launched and this time in a dedicated Fiat Showroom.
  • However; the sales couldn’t stabilize and the volumes fell owing to :
    • Low Resale Value
    • Poor Service Experience
    • Higher Cost of Maintenance & Reliability Concerns
    • Lower Network Availability
  • Anyhow with the death of Punto; Fiat brand too takes an exit from the Indian Market. All efforts from FCA is to focus on Jeep marque for India.

Punto made an impact for pioneering the ‘hot hatch’ culture in India. The Indian consumer was traditionally devoid of performance oriented, good looking and capable hatches – Fiat broke the mould and launched the Punto in the Indian market. Punto was always an enthusiasts car and shall always be remembered as one!