Hyundai: Rs. 1 lakh car not practically possible
October 20th, 2007 Leave a comment Visited 56 times, 1 so far today
Hyundai: Rs. 1 lakh car not practically possible
Indian automaker Tata Motors is scheduled to launch their much awaited Rs. 1 lakh car sometime next year.
They are likely to face few challengers as most rival companies have already denied any plans to counter this product.
Hyundai is one such company which has claimed that the car at this price point is not practically possible.
Hyundai Motor India managing (HMIL) director and CEO H S Lheem spoke about the Tata’s upcoming car: “Considering the safety issues and norms and input costs from our point, making a Rs 1 lakh car is impossible.”
He added: “We have the technology for small car…already there is an 800 cc engine in Korea. We can develop technology for a 650 cc engine.
Hyundai is currently scheduled to launch their Pa model in the market sometime next month.
|
TechWhack on Facebook
|
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.