Hyundai has confirmed that the i20 diesel is now available only with a five speed gearbox instead of the six-speed transmission it came with earlier. But if you are a value-for-money buyer, there is some respite for you – Hyundai has thrown in a small price cut.
The i20 diesel, which will now come with a 5-speed gearbox, has also shed a marginal amount from its price tag. CarToq spoke to a Chennai dealer, who said that the price of the 5-speed i20 diesel is Rs. 8,000 lower than the 6-speed i20 diesel. Further the dealer said that currently, they are accepting bookings only for the 5-speed i20 diesel as they have no stock of the 6-speed model.
This means that the base i20 diesel will be available at a price of Rs. 5.70 lakh as against the earlier price of Rs. 5.79 lakh, ex-showroom Delhi. This move will, however, seem as a step backward for enthusiasts and doesn’t really move mountains in terms of savings for the money-conscious either. So why did Hyundai make such a move? Especially when the new Maruti Suzuki Swift is stepping up as competition?
One reason we can think of is because the i20 shares its gearbox with the new Fluidic Verna and that Hyundai had to make this move due to production constraints, as there’s huge demand for the diesel Verna. Diverting all the six-speed transmissions to fulfill demand for the Hyundai Verna diesel, and slotting in a five-speed box for the i20 will help with speeding up Verna deliveries, which now stand at a minimum of 90 days waiting period.
Hyundai confirmed that the gear ratios on the diesel i20 have been suitably altered so that there’s no drop in performance and mileage. Putting a five-speed box in the Hyundai i20 also helps create better differentiation between it and the Verna diesel, considering that the pricing of the diesel i20 top-end variants (Asta and Asta O) and the base Verna 1.4 CRDI are very close to each other.
But if you’ve ever wanted to own the Hyundai i20 CRDi with a six-speed gear box, hurry, as there may be a few cars with the six-speed transmission left with dealers!
The Hyundai i20 sells an average of 7,000 units a month, nearly 60% of which are diesel, while the new Verna has been selling has been selling over 4,000 units a month in the past three months, with nearly 70% demand for diesel.
The Rs. 8,000 to Rs. 10,000 off the price of the Hyundai i20 diesel is too little to really warrant the loss of a cog. So while Hyundai may want you to think that you’re getting a better deal, the actual reason for the change in gearboxes is probably to help it better differentiate the Verna and speed up deliveries.
Do you think this move will affect Hyundai i20 sales in any way? Share your views.