Hyundai Motor India To Launch Two More Models

Friday, 26 August 2016, 11:25 Hrs
35
cmt right
37
Comment Right
68
cmt right
11
cmt right
Printer Print Email Email




CHENNAI: Car maker Hyundai Motor India Ltd will, as part of its strategy to position itself as a modern premium automobile company, launch two more sports utility vehicle (SUV) models of which one will be launched this year and another couple of years down the line, said a top company official.



"We want the company to be positioned as a modern premium brand company - a segment between mass and luxury models. We will be launching Tuscan in October-November this year," Managaing Director Y.K.Koo told reporters here on Thursday.



He was here to launch Elantra - one of the four models that would fit in modern premium segment.



"We will be launching a sub-four metre SUV couple of years down the line," Koo added.



According to him, the diesel Tuscan will be powered by two litre engine imported from Korea and will be positioned between Creta and Santa FE.



Koo said the Tuscan will be priced between Rs 25 lakh and Rs 30 lakh.



Queried about the specifications for the proposed sub-four metre SUV, Senior Vice President Rakesh Srivastava said they are in the planning stage and nothing has been finalised.



He said that HMIL is targeting around 500,000 units sale in the domestic market this year.



He said the company hopes to sell around 200-250 units of Elantra per month as the segment size itself is around 1,000 units per month.



"We want to have leadership in this segment," Srivastava added.



According to Koo, the company has a product in all the segments - mass to premium.



Read Also:



Top Car Launches in This Festive Season
UM International To Launch Two Models To Take On Royal Enfield


Source: IANS
SPOTLIGHT
Technology
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suffere..
Startup City
India Accelerator, a GAN partnered, mentorship-driven, acceleration program hosted ‘The Inner Ci..
Entertainment
First things first. "Made In Heaven" is the sexiest webseries India has produced, no doubt about i..
Finance
The Department of Telecommunications (DoT) in consultation with the Finance Ministry plans to spli..
Gadgets
Chipset-making giant Qualcomm has listed chipsets such as Snapdragon 855, 845, 710, 675 and 67..
Enterprise IT
PayByPhone, the global leader in mobile parking payments, today announced that it will appoint And..
Career
IIT Roorkee organized an MoU exchanging ceremony between the Govt. of India Department of Scie..
US Indian
An Indian-American teenager has been conferred with the 2019 National STEM (Science, Technolog..
Business
Hinduja Global Solutions here on Monday said it has set up a centre of excellence to train disable..