The launch date of Hyundai EON will now be unveiled in this month; the company began the manufacture of EON model at its production plant situated in Chennai. Its price is one of the most significant attractions these days, as a compact vehicle is likely to be available for the price of approximately Rs. 2.5 lakh, making it a strong competitor for Maruti Suzuki Alto. The EON hatchback is most likely to be the most important volume driver for Hyundai in India. Maruti Suzuki has marketed more than three lakh Alto models for becoming one of the largest marketed single car marque in the world, and its price ranges from Rs. 2.32 lakh. It is quite popular in India and usually offers the sales of 25,000 to 30,000 vehicles.
The Hyundai EON will be one of the most affordable vehicles from the company, powered by an 800cc engine with the option of automatic and manual transmission. It is also believed that Santro will be phased out, once the EON is introduced to the Indian market. Mr. Arvind Saxena, Sales and Marketing Director at Hyundai said that, new vehicle introductions are unwavering on the basis of long term outlook on the market. Hyundai Motor India Limited is at present one of the 2nd biggest automobile manufacturing companies after Maruti Suzuki and the biggest auto exporter in India. It designs and markets various models in India, the most famous being i20, i10 and Santro Xing.