Hyundai Motor Co. is planning to reduce the weight of its cars by 5 percent yet make it frugal by 25 percent by 2020.
The reason behind this move is to improve fuel efficiency and reduce CO2 emission levels. Its main competitor Maruti Suzuki has already embarked on this journey with its vehicles like the Baleno which is lighter than the Maruti Swift.
Maruti Suzuki's volume market share is three times that of Hyundai started a program in 2008 ‘one component one gram' to reduce a gram weight from every component of the car to make it fuel efficient.
The program which is relevant in the country was first launched by Osamu Suzuki then chairman and chief executive of Suzuki Motor Corporation.
The South Korean company, Hyundai has committed to improve fuel efficiency of its vehicles by 25 percent by 2020 globally. Rakesh Srivastava, head of sales and marketing at Hyundai India said that they are looking to make cars lighter by decreasing the weight of the components.
He added that the company's headquarters will introduce new engines and bring about a dramatic change and in India the change will be incremental.
The company's initiative will help reduce the CO2 emission levels and make them safer. The Indian auto industry is going through a transition with the introduction of the unified tax structure (GST), new safety norms and crash tests.
The Indian government earlier this year wanted the implementation of the Bharat Stage VI emission standard advanced and be effective from 2020.
Also, car makers will have to declare their star ratings for mileage which has forced manufacturers to examine their engine performance.
It is not just Hyundai who is working on new engines, even Mahindra & Mahindra introduced the 1.99-litre diesel engine after the ban of 2.0-litre units. Mahindra is working on a 1.5-litre diesel engine as well.