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• New subcompact SUV to be underpinned by the Grand i10 NIOS Platform • Will rival the likes of the Tata Punch and the Citroen C3 • Will slot in-between the Grand i10 NIOS and Venue in Hyundai’s line-up
India’s second-largest automaker Hyundai Motors India Limited (HMIL) is currently in the final stages of development of its new entry-level SUV in India. Codenamed Ai3, the new micro-SUV will be positioned below the Venue and expected to launch during the festive season 2023.

The Hyundai Ai3 micro-SUV model had been a part of multiple studies since 2016 and the project was finally green lighted just before the global COVID-19 pandemic. Hyundai has termed the new model as a CUV or Compact Utility Vehicle that will be underpinned by the same platform that is being used by the Grand i10 NIOS and the Aura.
Termed as a CUV (Compact Utility Vehicle), the new Hyundai car model is likely to utilise the same 1.2-litre petrol engine found on most Hyundai and KIA cars. The familiar powertrain is expected to produce around 85 bhp while returning a claimed fuel efficiency of around 17 kmpl.
While the codename Ai3 has been doing rounds for a while, Hyundai has briefly teased the name Casper to adorn its new SUV. While it is unclear if the new name will come to this new model, we have a strong belief it will. Coming to the expected price of the Hyundai Ai3 micro-SUV, we believe the car will slot in between the Grand i10 NIOS and the Venue at a starting price of Rs 6 lakh (ex-showroom).
Reports suggest that Hyundai is planning an annual production of 50,000 units for the upcoming Sub-Compact SUV, with the company already investing close to Rs 1,470 crore to expand its plant capacity from 7.7 lakh to 8.5 lakh units in the last fiscal year.
About Author
Team CarLelo is a group of passionate car enthusiasts and auto experts who bring you the latest car news, launches, reviews, and buying tips. The team focuses on simple, clear, and useful content to make car buying easy and stress-free for readers across India.

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