Mumbai: The Hyundai i10 has been tagged the 'Indian Car of the Year 2008' (ICOTY) at a glittering award function held in Mumbai.
Over the last two years, the awards have proved to be the benchmarks for auto excellence in India and are widely recognized as the most trusted word on automobiles for consumers, manufacturers and auto experts alike.
The most coveted of the Auto Awards, the ICOTY award has been instituted by all the prominent automotive magazines in the country such as Autocar India, Auto India, Business Standard Motoring, Car India, Overdrive and Top Gear, and the jury comprises of the senior most motoring journalists in India.
The purpose of the award is to recognise and choose the car which best symbolises quality, driveability and performance.
Expressing joy on receiving the award, H S Lheem, managing director of Hyundai Motor India Ltd. (HMIL), said, ''We are delighted to be the winner of the most prestigious award – the Indian car of the Year and the choice of the discerning automotive media has clearly established the i10 as a world class car which meets all the global standards of safety, design and performance. The i10 will add to the Hyundai brand in India and consolidate its position as a leader in the compact car segment''.
Factors such as fuel efficiency, ride, handling, safety, comfort, driver satisfaction and price were taken into consideration before the cars were ranked on a 25-point scale, where a maximum of 10 points was given to a car. The eligibility process also required that all competing cars were new models launched in the calendar year 2007.
Cars that were adaptations of existing models with mere cosmetic changes or those, for instance, with just engine and transmission swaps were not eligible. The car with the maximum points simply emerges as the winner.
Hyundai's i10 has captured the whole gamut of prestigious Indian automobile awards. The car has received a total of four 'Car of the Year' awards from Business Standard Motoring, CNBC TV18 Autocar, NDTV Profit Car and Bike India, and Overdrive magazine. The car also swept the 'Viewers' Choice' award bagging the Aaj Tak Viewers' Choice awards as well as the 'Small car of the Year' by NDTV Profit Car & Bike India.
Since its launch in India on 31 October, 2007, the i10 has received an overwhelming response from not only the media but from car buyers across the globe as well. In the domestic market in India, it has sold over 45,000 units, while from its overseas market HMIL has received orders for around 72,000 units within a short span of 3 months since its European debut at the Bologna Motor Show in December, 2007.
Hyundai Motor India Limited (HMIL), a wholly owned subsidiary of Hyundai Motor Company, South Korea, presently markets 30 variants of passenger cars across segments in India. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.
The company registered total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 per cent over CY 2006. In the domestic market, it clocked a growth of 7.6 per cent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 per cent, with exports of 126,748 units.
The Santro and the Accent also received the 'TNS Voice of the Customer - 2008' award for the premium compact car (Santro) and the entry mid size car (Accent).
Last year, the Hyundai Verna bagged some of the most prestigious awards starting with the title of "Car of the Year 2007" by India's leading automotive publication – Overdrive, the ''Best Mid-size Car of the Year'' award by the NDTV Profit Car & Bike India Awards 2007, the ''Best Value for Money Car'' by the CNBC Autocar Auto awards and 'Performance Car of the Year 2007' from Business Standard Motoring.
Hyundai's cars have been a favorite at all awards ceremonies and have always been winning awards. Models such as the Sonata Embera won the 'Executive Car of The Year 2006' award from Business Standard Motoring Magazine, and NDTV Profit Car & Bike India declared the Tucson as the 'SUV of The Year 2006'.
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