Hyundai Likely To Witness Lower Revenue Growth

Bangalore: Hyundai Motor India hopes lower revenues during the current fiscal even though it has lined up several passenger cars for unveil during the year. The automaker hopes an increase in revenues of between 10 and 12 per cent. During the previous year, the company''s revenues increased 16-18 per cent. Mr Lheem said the company is working on twin 1.1 litre models for the market. Code-named PA, they will be launched in the A Plus segment. As already declared, the new version of Santro will be launched towards mid-October this year. There is also a possibility of launching the 1.1 litre model code named PA with diesel engine.