About 10 lakh consumers postponed their car purchase plans because of the pandemic-induced lockdown between April and July 2020. This was revealed in an internal study conducted by Hyundai Motor India Ltd (HMIL). Eighty per cent of such buyers will be driving the sales of cars till March 2021, Tarun Garg, executive director, sales and marketing, HMIL, told reporters after the launch of the new i20.
However, Garg warned that the pent-up demand witnessed now may not continue in the next fiscal.
The South Korean company on Thursday launched the fourth-generation i20, a premium hatch that will be priced in the range of Rs 6.79 lakh to Rs 10.79 lakh till December 31. Thereafter, the introductory prices are likely to be revised.
Suzuki Gujarat plan
Japanese auto maker Suzuki Motor Corporation (SMC) is preparing to begin production from its third unit in Gujarat from April next year.
Maruti Suzuki India said Suzuki Motor Gujarat Pvt Ltd, a wholly owned subsidiary of SMC, has completed construction of its third plant at Hansalpur, Gujarat.
Eeco recall
Maruti Suzuki India is recalling 40,453 units of its multi-purpose vehicle Eeco to fix an issue with the headlamp. The recalled units were manufactured between November 4, 2019 and February 25, 2020.
