New Delhi: Hyundai said on Wednesday that it will launch nine new vehicles by 2020 to strengthen its position in the Indian market.
The company on Wednesday launched its premium compact – ELITE i20 at Auto Expo with petrol version starting at Rs 5,34,900 (ex-showroom) and diesel at Rs 6,73,000 (ex-show room).
“We will launch 9 new products till 2020, including two facelifts, two new segment, four full model change and one electric vehicle,” said Hyundai MD and CEO Y.K. Koo.
He said that to realise the modern premium brand, the company will focus on next-gen sedan Verna, luxury sedan Elantra and SUV Tucson. Mr Koo said that the Indian operations has contributed to 15 per cent to company’s global sale of Hyundai Motor Com-pany in 2017 from 13.6 per cent in 2016.
He said Hyundai achieved highest ever cumulative sales of 6.78 lakh units in 2017 with highest ever domestic sale of 5.27 lakh unit, a growth of 5.4 per cent.
Hyundai is also showcasing its electric vehicle sedan IONIQ. IONIQ is World’s first car to offer all 3 electrified versions – hybrid, plug-in hybrid and all electric.
Honda gets 3 new models into market
Honda unveiled three new products, including the all new Amaze, which will hit the market during the upcoming fiscal.
It has unveiled all new CR-V and Civic sedan as part of its plan to launch six new products in the Indian market over the next three years.
