New Delhi: Hyundai Motor India Ltd (HMIL) is all set to launch a CNG version of its bread-and-butter hatchback Santro by the year-end.
Santro, one of the most popular and wide selling model will now come with a factory fitted CNG kit with the option of a second fuel (petrol), the company's spokesperson told PTI.
Hyundai director H S Lheem flagged off the first shipment of 'Getz Prime' to the European market at the Chennai Port on Monday.
Passenger car leader Maruti Udyog had last year introduced WagonR duo, which could be run on both LPG as well as petrol. The CNG version of Santro would be a bi-fuel car, Lheem said, adding that a launching new small car was also on the cards.
On export of Getz Prime, he said this is the third car after Santro (Atoz Prime) and Accent to be exported from India to the European market. Getz Prime, 4,000 units of which were shipped to Germany, would soon be launched in India too, he added.
HMIL expects to ship 40,000 units of the car in the current fiscal and increase the export of the 'Made in India' Getz to 1lakh units by 2008.
Hyundai would invest an additional Rs 4,000 crore in India by 2010 while the current level of investment of the Korean car major was about Rs 3,500 crore, a company official told PTI.
He said the company would be exporting about 1,35,000 cars this year, against 1,13,000 units shipped last year.
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