New Delhi: Hyundai Motor India plans to launch an entry level SUV in the first half of 2019 as it looks to strengthen its presence in the fast growing segment.
The company, which on Monday launched the all new Tucson with an introductory price ranging between Rs 18.99 lakh and Rs 24.99 lakh (ex-showroom Delhi), has already three SUV models in its portfolio, including Creta and Santa Fe.
“We aim to launch an entry level SUV in the first half of 2019. It will be below Creta. So, we will have four SUVs in our product range,” Hyundai Motor India Ltd MD & CEO Y.K. Koo said.
SUV sales have been growing all over the globe, including China and Europe, and is also going to be a very popular segment in India as well, he added.
Hyundai is currently developing a sub 4-metre compact SUV in order to fill the gap that lies below Creta. It had showcased concept compact SUV Carlino at the Auto Expo this year in February.
When asked about vehicles with alternate fuels, Mr Koo said the firm has asked its global R&D centre to look into possible models for the country. “Hyundai has strong portfolio of electric and hybrid vehicles. We are planning to unveil a hybrid product during the 2018 Auto Expo,” he added.
