Saturday, 21 March 2015
Automotive Updates - 20th March 2015
Automotive Updates - 18th and 19th March 2015
- In the current market scenario, making customers wait for
long may lead to losing them to a competitor. That's why Hyundai Motor India is
set to ramp up the production capacity of its bestseller, the i20 hatchback.
The current monthly production capacity of the model is 10,000 units. Rakesh
Srivastava, senior VP - marketing and sales, Hyundai Motor India, says
"The plant is producing (the i20) at full capacity. It will be ramped up
by a few more thousand." As of March 16, Hyundai received 468,184
enquiries and 103,960 bookings for the i20. Srivastava says that the car has a
waiting period of two-and-a-half months. - See more at: http://www.autocarpro.in/news-national/hyundai-ramp-i20-production-capacity-7980#sthash.s6zx6qiz.dpuf
- On Tuesday 17th March, Mr Ratan N. Tata (Chairman Emeritus
of Tata Sons), Mr. Cyrus P. Mistry (Chairman of Tata Sons) met with Professor
Lord Kumar Bhattacharyya the Chairman and Founder of WMG at the University of
Warwick and unveiled the foundation stone of the new £150 million National
Automotive Innovation Centre on the campus of the University of Warwick.The
National Automotive Innovation Centre will be the largest automotive research
centre of its kind in Europe. It is funded by Jaguar Land Rover, Tata Motors,
The University of Warwick and the Government's Higher Education Funding Council
for England (HEFCE). The 33,000m2 complex will provide space for 1,000
engineers, designers and academics to work together, from apprentices to senior
managers. Teaching facilities will support the education of tomorrow's
engineers with the Centre being open to students from the WMG Academies for
Young Engineers to work on real world applications.(Auto-samiksha)
- Jaguar Land Rover Ltd on Friday said it is recalling nearly
36,500 Range Rover Evoque sport utility vehicles (SUVs), after local media
reported the British luxury carmaker used faulty gearboxes. Jaguar Land Rover
earlier apologised for gearbox issues via its microblog after being criticised
by state television on Sunday along with peers Volkswagen AG and Nissan Motor
Co.Read more at: http://www.livemint.com/Companies/DguvlwrSyQgzjO2nxHrJkM/China-asks-Jaguar-Land-Rover-to-recall-Evoque-SUVs.html?utm_source=copy
- T V Sundram Iyengar & Sons (TVS & Sons), the holding
company of the $ 6.5 billion TVS group, has appointed Suresh Krishna, 78, as
its chairman with effect from March 18, 2015.He succeeds R Ramachandran who was the chairman of the company till 2004. The
company has been without a chairman since 2004 when Ramachandran passed away.
Krishna is the chairman and managing director of Sundaram Fasteners Ltd., is also
the grandson of the TVS group's founder.(Etauto.com)
- Chassis Brakes International India (CBII), the local arm of
one of world’s three largest manufacturers of automotive foundation brakes and
foundation brake components, Chassis Brakes International, has entered into a
technical agreement with Barcelona-based J Juan Group for developing braking
systems to tap the growing requirements of the Indian two-wheeler market. Under
the technical agreement, Chassis Brakes International India (erstwhile Kalyani
Brakes) will source technologies from J Juan Group, a known supplier of braking
systems and associated components to BMW Motorrad, Ducati, Triumph Motorcycles,
Harley-Davidson and many others, for designing and developing hydraulic disc
brakes and master cylinders for two-wheelers up to an engine displacement of 200cc.
Interestingly, this would cover exports from India as well. - See more at: http://www.autocarpro.in/news-national/chassis-brakes-int-ties-juan-2w-braking-systems-india-7977#sthash.lDMg0Jnw.dpuf
- Daimler India Commercial Vehicles (DICV) has announced that
it has sold more than 20,000 vehicles since it started operations in September
2012.Sales of BharatBenz trucks registered a growth of 72% in the first two
months of 2015 as compared to same period last year. DICV sells trucks ranging
from 9 to 49 tonnes. (teambhp)
- Japan's Nissan Motor Co plans to launch its cheapest model
in India, a sub-$5,000 compact under the Datsun brand, a senior company
executive told Reuters on Friday.
- The unnamed small car will be launched within 18 months and be priced lower
than Nissan's current cheapest model, the Datsun GO, which is sold for as
little as 324,000 rupees ($5,193), Guillame Sicard, president for Nissan India,
said"It is a smaller car than the Datsun GO and will be more competitive,"
he said, without committing to a price. "It will be a cost-effective
positioning."(Etauto.com)
-
Ratan Tata & Cyrus Mistry unveil Foundation Stone of £150 million National Automotive Innovation Centre
On Tuesday 17th March, Mr Ratan N. Tata (Chairman Emeritus of Tata Sons), Mr. Cyrus P. Mistry (Chairman of Tata Sons) met with Professor Lord Kumar Bhattacharyya the Chairman and Founder of WMG at the University of Warwick and unveiled the foundation stone of the new £150 million National Automotive Innovation Centre on the campus of the University of Warwick.
The National Automotive Innovation Centre will be the largest automotive research centre of its kind in Europe. It is funded by Jaguar Land Rover, Tata Motors, The University of Warwick and the Government's Higher Education Funding Council for England (HEFCE). The 33,000m2 complex will provide space for 1,000 engineers, designers and academics to work together, from apprentices to senior managers. Teaching facilities will support the education of tomorrow's engineers with the Centre being open to students from the WMG Academies for Young Engineers to work on real world applications.
The high tech research facilities will include a design and simulation space creating innovative automotive solutions, an Advanced Propulsion Research Laboratory which will address the national requirement to position the UK as the leading innovator in advanced propulsion systems; the world's most adaptable and advanced fully immersive drive-in car simulator. There will be close working on collaborative research projects with the research councils and the department of Business Innovation and Skills. Jaguar Land Rover and Tata Motors will also use the NAIC to take forward autonomous vehicles research through a £19m Autodrive UK project.
The National Automotive Innovation Centre will provide a national focus and critical mass of research capability combining expertise nationally, internationally from industry, universities, SMEs and the automotive supply chain. Helping to deliver breakthrough technologies in areas such as carbon reduction, smart and connected vehicles, and advanced propulsion systems including internal combustion engines, hybrid and electric systems.
The Chairman of Tata Sons, Mr. Cyrus P. Mistry, said, "This unique resource will provide state-of-the-art engineering and technology labs that will greatly enhance the ability of academia and industry to work side by side on leading edge research to deliver exciting new innovative products and meet the widely held ambition to deliver automotive technology and products that will be smarter, lighter, and greener. The Tata group shares these objectives to achieve greater sustainability, and is delighted to support their realisation."
Professor Lord Kumar Bhattacharyya, Chairman of WMG said, "The automotive industry in the UK has seen a recent resurgence, but for the UK to remain internationally competitive we must create urgently a critical mass in research excellence. Our vision is to create the National Automotive Innovation Centre where we link people, research and world-leading infrastructure to create and develop novel technologies. NAIC will be an 'engine' for economic growth, with wide economic benefit, and sustained growth from the creation of world-leading technologies. It will enable academic and industry teams to work together in state of the art buildings, with tailored equipment and digital solutions to create and integrate breakthrough technologies with a whole system approach crossing multiple disciplines."
Dr Ralf Speth, Jaguar Land Rover's Chief Executive Officer, aslo attended t
he event and said, "The National Automotive Innovation Centre will serve as a generator of new skills and new thinking, providing a perfect, collaborative environment in which to learn, research and develop the designs and technologies that will shape the vehicles and personal mobility solutions of the future.
"As well as helping Jaguar Land Rover create key technologies that will deliver new experiences for our customers; smarter, safer and more connected cars and a low-carbon future, the centre will deliver wider benefits to the UK automotive industry. The NAIC will have a significant role inspiring the engineers of tomorrow and will help develop the skills we need the UK to nurture and develop to ensure we remain globally competitive."
Mahindra First Choice Wheels (MFCWL) raises USD 15 million from San Francisco based Valiant Capital
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March 20, 2015, Mumbai: MFCWL has experienced rapid growth in its retail, wholesale and technology enabled businesses. The capital will be used to fund its growth plans over the next few years.
Founded by Mr. Anand Mahindra, MFCWL’s mission is to "organize" every facet of the used car industry and most important of all provide the used car consumer with a choice of certified pre-owned vehicles and a purchase experience that mimics the new car buying experience.
Mahindra First Choice Wheels Ltd. (MFCWL), India’s No. 1 multi-brand used vehicle company, has signed a definitive agreement to raise $15 million (Rs. 94 Crores) from San Francisco based investment advisor firm, Valiant Capital for a minority stake in the company. This is the second round of external private equity raised by MFCWL, with the first one in 2008 from Delhi based Phi Capital, who continues to be an investor in the company. "MFCWL is yet another example of innovation and entrepreneurship within the Group, where new business models are being explored and implemented with persistence. It is exciting to see marquee investors attracted to MFCWL and participating in its growth story where much is yet to come!" said Mr. Anand Mahindra, Chairman & Managing Director, Mahindra & Mahindra and also the Chairman of Mahindra First Choice Wheels.
MFCWL is the only true used car business with a successful "hybrid" business model bridging the consumer experience online and on the ground. With the physical presence critical to the used car business, the company has invested aggressively to provide consumers with a consistent omnichannel experience. Commenting on this strategy,
Mr. Rajeev Dubey, President (Group HR, Corporate Services and After-Market) & Member of the Group Executive Board, Mahindra & Mahindra Ltd. said, "We believe the "brick + click" ecosystem is very powerful in the used car business and over the years we have seen our consumers and dealers appreciate this value proposition. We will continue to invest in the overall growth of the hybrid model in the years to come".
To enable the hybrid used car ecosystem, MFCWL has launched several technology enabled products and services to address the key drivers of trust deficit in a used car transaction namely – vehicle condition, paperwork, pricing and experience.
“Consumers are looking for more tools and insight related to used vehicles. We are leveraging our deep wholesale and retail experience on the ground to launch a slew of technology enabled products that will materially increase the confidence with which they can transact on used vehicles – whether buying or selling”, said Dr. Nagendra Palle, CEO & Managing Director of MFCWL. He added,"We have had a very successful partnership with Phi Capital over the years and we welcome Valiant Capital as a new partner to support us in our endeavour to become a world class used car company."
The company plans to use the fresh funds infusion to accelerate its growth both of the physical network as well as adoption of its technology enabled products and services used by all stakeholders in the industry – NBFCs, Banks, OEMs, Dealers and Consumers. MFCWL is planning to end this fiscal year (2015) with 500 franchise outlets and grow to 1,800+ outlets in the next 5 years. In addition, it plans to use the funds to broaden its reach for its products and services across other used vehicle categories. In Fiscal Year Ending 2015, MFCWL used vehicle volumes sold will be 140,000 between its retail and wholesale and it will complete 140,000 Autoinspekt inspections.
The used car market, with an estimated size of 3.2 million units, is already larger than the new car market and is growing faster than the new car market. The current slowdown notwithstanding, it is expected that the used car market will become almost double the size of the new car market in the next 5 years.
About Mahindra First Choice Wheels
Mahindra First Choice Wheels Ltd. (MFCWL) (www.mahindrafirstchoice.com) is the country’s preferred used car mart and is India’s number one multi-brand certified used car player. The company plans to expand this number to 1000 outlets over the next three years. This implies that customers will soon be able to choose from a range of certified used cars throughout India, including the metros and tier-2 towns and cities. MFCWL closed F-14 with sales of 57,000 used cars, which is 30% growth over the last financial year. The company also provides value added services including but limited to third party inspections (www.autoinspekt.com) and pricing guides (www.indianbluebook.com)
About Valiant Capital
San Francisco-headquartered Valiant Capital Management, L.P. ("Valiant") currently manages over $2.5 billion of assets and was founded by Chris Hansen in 2008. The Fund has a strong track record of investing in private and public markets globally. Prior private investments include Facebook, DropBox, Pinterest, Uber, and Evernote in the US, and Yatra Online, Shriram Housing Finance, FreeCharge and First Cry in India.
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Tuesday, 17 March 2015
Automotive Updates - 16th and 17th March 2015
- Japanese two wheeler maker company Yamaha Motor Co. Ltd.
today announced the appointment of Yasuo Ishihara as the new President of
Yamaha Motor Research and Development India Pvt. Ltd. effective from March
15th, 2015. Yasuo Ishihara takes over the position from the previous Managing
Director, Toshikazu Kobayashi.Speaking on his appointment, Yasuo Ishihara said,
"Every role brought in the prospect to learn and contribute over the 29
years of my association with Yamaha. However, this is the most exciting and
challenging role for me so far and I am overwhelmed at this opportunity.(ETauto.com)
- It’s official now. The former ZF Steering Systems GmbH is
now called Robert Bosch Automotive Steering GmbH. Following the completion
of the acquisition of the 50 percent share of ZF Friedrichshafen AG in its
earlier joint venture ZF Steering Systems GmbH on January 30, 2015, the
corresponding name change has taken place on March 11 The subsidiaries of
Robert Bosch GmbH Automotive Steering at home and abroad will be renamed in the
coming weeks. The company is managed as a separate division called
Automotive Steering in the Bosch Group. (autocarpro.in)
- Hyundai Motor India Ltd, the country’s leading premium
vehicle manufacturer and the largest passenger car exporter today launched the
much awaited sport styled i20 Active. The launch marks the global debut of
i20 Active in India. The i20 Active possesses stylish design and advanced
technology to further redefine Hyundai’s automotive excellence in India.
The i20 Active is developed for the aspirational, metropolitan, enthusiastic
and value-seeking, young risers who have an active lifestyle. http://autosamikshaiadu.blogspot.in/2015/03/hyundai-launches-i20-active-in-india.html
- Ranjit Yadav, the ex-Samsung honcho hired by Tata Motors in
2012 to turn around its ailing car business, is understood to have put in his
papers within three years of his joining.Yadav, who had been appointed as the
president of the car division in September 2012, was recently side-lined as the
company brought in Maruti Suzuki veteran Mayank Pareek to head the domestic
unit.When contacted, a spokesperson for the company declined to comment. (ETauto.com)
- Korean auto major Hyundai is targeting 60 lakh cumulative
production milestone from its Indian operations this year, nearly two decades
after it started selling cars in the country. The company, which on Tuesday
launched i20 Active, a sports-styled version of its premium hatchback i20,
expects domestic market to account for 40 lakh units of its overall production
so far in India.Read more at: http://www.livemint.com/Companies/LitlA057SC1IKPZz506lUM/Hyundai-eyes-6-mn-production-milestone-from-Indian-operation.html?utm_source=copy
- Amtek Auto, one of India's largest auto component makers, is
all set to acquire Scholz Edelstahl GmbH of Germany, according to multiple
people close to development. Scholz is a high quality hot die forgings
manufacturer for both auto and non-auto component industries with annual
turnover of around Euro 175 million (or about Euro 1,200 crore).The acquisition
will be done though Amtek Auto's whollyowned Singapore subsidiary Amtek
Precision Engineering, said two people close to the development. John Flintham,
global CEO of Amtek Group, confirmed the firm's interest in Scholz. (ETauto.com)
- The mighty MINI TwinPower Turbo engine makes the new MINI
‘fun’.The new MINI Cooper S was launched in India at a driving event held at
Aamby Valley, Pune. The new MINI Cooper S boasts increased power and enhanced
driving thrills with a formidable beast under its shining bonnet: the new MINI
TwinPower Turbo engine, which offers an entirely new understanding of driving
dynamics. The all India ex-showroom price of the new MINI Cooper S is Rs
34,65,000.(financial express)
- Tata Motors, the nation's top commercial vehicle maker, has
bagged orders for more than 4,000 buses from states transport authorities under
the second phase of the union government's national urban renewal mission, a
top executive said. (ETauto.com)
- General Motors India, today, launched the 2015 Chevrolet
Captiva in the Indian car market. The SUV is available in both 4x2 manual and
4x4 automatic variants. The updated Captiva is priced in the range of Rs. 25.
13 lakh and Rs. 27.36 lakh (ex-showroom, Delhi). THough it largely remains
unchanged, it gets new features and minor changes.Under the bonnet is the same
2.2-litre diesel engine that powered the old model. It is capable of producing
a top power output of 187bhp at 3,800rpm and a peak torque of 400Nm at 2000rpm.
This engine is paired to either a six-speed automatic or a six-speed manual
gearbox.(cartrade.com)
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Hyundai launches i20 Active in India
- Hyundai launches i20 Active in India -
- Enters new segment; takes Modern- Premium product-line up to 9 brands –
New Delhi, March 17, 2015 - Hyundai Motor India Ltd, the country’s leading premium vehicle manufacturer and the largest passenger car exporter today launched the much awaited sport styled i20 Active. The launch marks the global debut of i20 Active in India.
The i20 Active possesses stylish design and advanced technology to further redefine Hyundai’s automotive excellence in India. The i20 Active is developed for the aspirational, metropolitan, enthusiastic and value-seeking, young risers who have an active lifestyle.
Speaking at the launch of i20 Active, Mr. B S Seo, MD & CEO, HMIL said, “Reaffirming our commitment to Indian market, we are delighted to launch i20 Active. The i20 Active is a sport styled vehicle with many segment unique features. The i20 Active will be a trendsetter model reflecting Hyundai’s Modern Premium brand direction and will propel Hyundai’s growth in India. Designed with a vision of creating cutting edge driving innovations and delivering outstanding comfort features; the i20 Active will appeal to young consumers in India raising the bar in the Sport styled vehicle segment.”
Image Caption 1 & 2 – (Left to Right)Mr. B. S. Seo, MD & CEO, HMIL, Mr Rakesh Srivastava, Sr. Vice President - Sales & Marketing, HMIL and Mr. YJ Ahn- Executive Director- Sales & Marketing- HMIL at the launch of Hyundai i20 Active in New Delhi.
ACTIVE DESIGN
The i20 Active is a powerful and efficient sport styled vehicle designed with Hyundai’s Fluidic Sculpture 2.0 design philosophy. The i20 Active offers urban mobility with a complete package from style to performance. The design expresses Hyundai’s progressive spirit and passion with its aggressive and tall stance. i20 Active has a bold and athletic presence achieved through refined, flowing surfaces, bold proportions, sharp lines and hexagonal grille.
Combining state-of-the-art technology and human engineering with the 2.0 Fluidic design; the latest expression model successfully fulfils the need for driving pleasure of customers evoking a sense of being one class above and confidence at the same time.
ACTIVE EXTERIORS
The i20 Active has a bold and athletic presence achieved through refined, flowing surfaces with bold proportions and sharp lines. The i20 Active adopts strong proportions and profile of a sport styled vehicle.
Its design confidently creates a sense of agility and the unique contours and the new hexagonal grille with chrome surround lends a bold image. Honeycomb designed lower air dam with large engine hood and high ground clearance makes the i20 ACTIVE more masculine and athletic.
Below are some key exterior elements:
- Projector Headlamps with LED Day Time Running lamps & Positioning lamps
- Fog Lamps
- Skid plates with tusk bar
- Front air dam with Two-tone front bumper
- Glossy black finish C pillar
- Roof Rails
- Diamond cut 16” wheel alloys
- Side molding and cladding
- Unique fuel cap
- Chrome door handle
The powerful rear-end is a result of the large tailgate spoiler, steeply raked tail glass for coupe like feeling, hi-tech and unique 3 step wrap around tail lights and rear bumper with skid plates. The theme of a circular rear reflector with reverse lamps defines classy bold looks and also aids safe driving during the night.
ACTIVE PREMIUM INTERIORS: IGNITES PASSION & JOY OF DRIVING
i20 Active is built on a platform that endows stylish exterior with very generous interior dimensions. The Intelligent packaging offers an excellent exterior-to-interior dimension ratio, optimising the space that is available to passengers and luggage. The spirit of sportiness is enhanced with two segment unique options of interior colour packages - Tangerine Orange and Aqua Blue.
The i20 Active has several progressive features listed below which contribute to the comfort of the car.
- Fully Automatic AC
- Cluster ionizer
- Rear AC vents
- Glove cooling box
- Engine start and stop button
- Console armrest with storage box
- Two type interior color package
- Sporty Aluminum Pedals
- Driver seat height adjust
- Sporty Multifunction Steering Wheel
- Front door arm rest
- Rear door arm rest
ACTIVELY SPACED
The i20 ACTIVE promises to comfortable seat 3 adults in the rear while ensuring optimum headroom and legroom. 60:40 split seats provide the flexibility to customize both storage and cargo space. Stuff the boot to your need- because i20 ACTIVE offers a boot space of 285 litres.
The ACTIVE-LY spacious vehicle comes with:
- Door Map Pocket
- Center console tray
- Center console cup holders
- Seat back pocket
ACTIVE ENTERTAINMENT SYSTEM- MUSIC BANK
Crisp colour displays, instinctive controls and advanced multimedia systems put a world of enjoyment at your fingertips
- Integrated 2-DIN music system
- 1 GB internal memory to store
- Bluetooth, USB and Aux-in connectivity
- 8-speaker system
- Multi-function steering wheel,
ACTIVE POWER TRAIN
Extensive testing and tuning as per Indian road conditions has made the ride and handling of ‘i20 Active’ stable and comfortable. i20 Active is available with two engine options 1.2 Kappa Dual VTVT petrol and 1.4 U2 CRDi diesel engine.
With an emphasis on practicality, the powertrains have been engineered for optimum performance, power delivery and high fuel efficiency. A range of 1.2 Kappa Dual VTVT and 2nd Generation U2 1.4 CRDi engines offer maximum drivability in almost all conditions, delivering high power & torque with enhanced fuel efficiency.
The smooth-shifting transmission ensures maximum availability of full engine output and contributes to a smooth and relaxing ride for occupants.
ACTIVE TECHNICAL SPECIFICATIONS
Engine
Engine
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Capacity (cc)
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Maximum Power (ps/rpm)
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Maximum Torque (kgm/rpm)
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1.2 Kappa Dual VTVT Petrol
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1,197
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83/6,000
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11.7/4,000
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1.4 U2 CRDi Diesel
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1,396
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90/4000
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22.4/1500~2,750
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Mileage
Engine
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ARAI (Certified Figures)
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1.2 Dual VTVT Kappa
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17.19
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1.4 U2 CRDi Diesel
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21.19
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ACTIVE IS EXCITING TO DRIVE AND KEEPS YOU SAFE
All Hyundai cars are developed, tested and built in keeping with the Hyundai safe-drive philosophy. i20 Active expands the already comprehensive list of available active and passive safety equipment by introducing new segment unique technologies.
The body of the i20 Active meets the most stringent requirements with ABS and dual airbags and, in combination with highly efficient restraint systems, ensures maximum possible protection for vehicle occupants.
- Rear Camera with Steering Adaptive Parking Guidelines
- Reverse parking sensors,
- Electro chromic mirror
- Cornering lamps
- Impact sensing auto door unlock
- Smart pedal
ACTIVE SMART FEATURES
Wrapped in an attractive sculpted body, i20 Active sets a new benchmark in style with first in segment features:
- Headlamp Escort Function
ü Steering position reminder
ü Auto door unlock
ü Service reminder
ü Parking sensor display
- Auto folding mirrors with welcome function
- Smart key
- Auto light control
- Sunglass holder
- Battery saver
- Electrical ORVM with turn indicators
- card Ticket holder
- Tilt and telescopic steering
- Gear shifting indicator
- Power windows
- Coat hook
- One touch turn signal
- 2 power outlets
- Rear defogger
- Luggage lamps
- Passenger vanity mirror
- Anti-pinch power windows
- Alternate management system
ACTIVE UNIQUE FEATURES
· Projector Headlamps with LED Day Time Running lamps & Positioning lamps
- Glossy Black Finish C- Pillar
- Interior color package – Tangerine Orange and Aqua Blue
- Sporty Aluminum pedal
- Smart key with Push button start
- 1GB internal memory with audio
- Auto folding ORVM with Welcome function
- Cluster ionizer
- Center armrest with storage box
The i20 Active will be available in a range of 06 colours- Earth Brown, Retro Shine, Polar White, Sleek Silver, Red Passion and Phantom Black
Ex Showroom price - Delhi
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PETROL
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DIESEL
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1.2
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Rs. 638,586
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1.4
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Rs. 763, 228
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1.2S
|
Rs. 709, 735
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1.4S
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Rs. 834, 337
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1.4 SX
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Rs. 889,427
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