Hyundai Motor India launches Verna

By agencies   |   Monday, 25 September 2006, 07:00 Hrs
Printer Print Email Email
NewDelhi: Hyundai Motor India has strengthened its portfolio in the mid-size car segment with the launch of Verna, which will be pitted against segment leader Honda City and Ford's Fiesta.

"Verna is important for Hyundai's India plans as the mid-sized segment has been witnessing exciting times in the last few years," HMIL managing director HS Lheen told reporters in New Delhi.

He said the new model, together with Hyundai Accent, would make the company a dominant player in the mid-size sedan market and already over 1,000 units of Verna have been despatched to dealers.

HMIL vice-president marketing and sales Arvind Saxena said,"While the three petrol variants will be powered by a 1.6 litre engine, the diesel Verna will have a 1.5 litre engine."

On the company's overall sales target for the year, Lheem said the company planned to sell about 300,000 units this year, up from 252,851 last year.

He also said the Hyundai would start exporting its hatchback model Getz by next year.

SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..