Hyundai Motor India plans new models to beat competition
September 24th, 2010 - 6:02 pm ICT by IANSChennai, Sep 24 (IANS) Hyundai Motor India will introduce its sports utility vehicle, Sante Fe, next month as a part of its game plan of launching new models and revamping existing ones to beat competition.
“Next month we will be launching Santa Fe. We will continue to launch 2/3 models a year and open up new dealerships,”
Chief Executive H.W.Park told reporters Friday, launching an upgraded version of i10 in the city.
During the past 12 months Hyundai has been refurbishing its existing models like Santro, Accent, i20 and Verna.
Asked about the plans to launch a “people’s car” with engine capacity lower than the Santro, Arvind Saxena, director (sales and marketing) said: “The small car development is on course in South Korea.”
He said the company has no plans to launch i30, an high end hatchback, in India as the market here is not ready for the high priced model.
According to Saxena, the company will be closing this calendar year with total sales of 590,000 units (domestic sales 340,000, exports 250,000).
- Hyundai Motor's November sales up 28.1 percent - Dec 01, 2011
- Hyundai Motor's April sales up 4.9 percent - May 02, 2012
- Hyundai's February sales down, exports fall - Mar 01, 2012
- Hyundai to increase car prices from January - Dec 07, 2011
- Domestic demand drives Hyundai, exports suffer - Nov 01, 2010
- Hyundai to increase production of Verna - Jun 28, 2011
- Hyundai India's May volume growth up two percent - Jun 01, 2011
- Hyundai's August sales grow one percent - Sep 01, 2011
- Hyundai Motor India hopes to log 16 percent growth - Jun 24, 2010
- Hyundai enhances supply of its diesel powered i20 and Verna - Apr 16, 2012
- July auto sales slump as interest rates, fuel prices rise (Roundup) - Aug 01, 2011
- Hyundai to launch one new car model in India every year - May 17, 2010
- Hyundai's September sales up 12.4 percent - Oct 01, 2011
- Hyundai Motors June sales up 13.6 percent - Jul 01, 2011
- Hyundai, Ford close 2010 with higher sales (Lead) - Jan 01, 2011
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