Y.K. Koo, Regulating Director of HMIL
Hyundai Motor India Ltd (HMIL), which completes 2 decades in India this year, strategies to introduce 4-5 models in 2016. The 2nd largest auto maker aims to close the gap along with the segment leaders and enhance its discuss in the Indian auto market.
The business will certainly introduce distinct editions of compact cars Xcent and Grand i10 soon. These editions will certainly have actually a brand-new chrome design, accessories, increased recreation features and sporty looks. “2016 is necessary when it come to us. To commemorate twenty years of our success, we will certainly introduce a distinct edition of Xcent this April at a challenging rate when it come to Indian customers. In May, we will certainly roll out a distinct edition of i10, along with brand-new features and styling,” Y. K. Koo, Regulating Director of HMIL informed The Hindu.
Hyundai will certainly additionally introduce a brand-new version of its Elantra in August this year in a bid to restore its hold in the executive segment, which is now dominated by Toyota Corolla. along with the brand-new Elantra, the business is targeting a comeback from its current placement at Number 4 in the market.
Mr.Koo additionally claimed that Hyundai possessed chosen to heighten its concentrate on the SUV (sporting activity utility vehicle) segment, which has actually come to be an eye-catching to Indian buyers. Hyundai seeks to up the ante along with the introduction of the brand-new premium compact SUV Tucson, which will certainly strike India about the festive period this year. The business will certainly additionally enhance the production capacity when it come to its Creta from June, which will certainly minimize the waiting time period from regarding 4 months to 2 months.In the mid-dimension sedan segment, along with the recent introduction of its 2016 Verna, bookings have actually grown 25-30 every cent, he said. “We strive to double the provide regular monthly volumes of Verna to 3,000 units shortly,” he added. HMIL is targeting sales of 6.65 lakh units in 2016 as versus 6.43 lakh units last year. Of this, it aims to sell 5 lakh units in India and export the rest.