Following the speculation of the new swift 2011, I think hyundai is reacting by manipulating the i20.
In May 2011, when I booked the era crdi which is about 40k less than the magna and is the cheapest diesel in hyundai (6.59 on road at that time), I was told the era was no more in production. Last month the sales guy called and told me era production is resumed so I have booked in July 25th. Today, I am told that the booking is on but now hyundai has made a change to the diesel. The 6 speed gear box has been changed to the usual 5 gears. This will be followed by a price reduction (this to be confirmed by the sales guy, about 10k).
The era diesel with 2 frt power windows and loads of other features not to mention the space and comfort levels when I booked was 6.73 lakhs on road (July 25th). Now I hope there will be a cost reduction for the gear box change. This will make the i20 era crdi quite vfm at around 6.6 lakhs on road. The ritz VDi is 6 lakhs on road in my place.
I think with the general loan rate increases and petrol prices, diesel cars are the bread earners for now.
I think these actions to keep the era model are aimed at keeping the diesel market competitive for hyundai since it has no other answer to the diesel varients in the maruti stable. I confirmed this with the sales guy in my area. I have booked the i20 era crdi in July 25th and at that time this was not informed. Now when I spoke to the guy he confirmed. He said there may be about 10k cost reduction so he was waiting to confirm this then tell me. I somehow was looking forward to using the 6th gear. One of a kind in this segment. grrrr.
anyway, hoping the cost reduction will be effective. will update.
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