Hyundai Motor India on Monday forayed into the entry-level SUV phase within the nation with the launch of the all-new mannequin Exter, with introductory costs ranging between Rs 5.99 lakh and Rs 9.31 lakh. The mannequin, which competes straight with Tata Motors Punch, comes powered by a 1.2-litre petrol engine mated with each handbook and computerized variants. The five-speed handbook trims, which ship gasoline effectivity of 19.4 km per litre are priced between Rs 5.99 lakh and Rs 9.31 lakh. The five-speed computerized variant is tagged at Rs 7.96 lakh with a claimed gasoline effectivity of 19.2 km per litre. The CNG trim is priced at Rs 8.23 lakh with an effectivity of 27.1 km per kg.
Talking on the launch, Hyundai Motor India MD and CEO Unsoo Kim stated with the launch of Exter, the automaker has now change into a full-range SUV producer within the nation. He famous that the corporate has invested Rs 950 crore within the improvement of the mannequin. Outlining Hyundai’s dedication to the Indian market, Kim stated the automaker has lately introduced a Rs 20,000-crore funding unfold over ten years to boost manufacturing capability, introduce electrical fashions and arrange a battery pack unit in Tamil Nadu. The corporate is trying to improve its annual manufacturing capability to eight.5 lakh models each year from 8.2 lakh models at present at its Chennai-based plant, he added.
Hyundai Motor India COO Tarun Garg famous that the mannequin would assist in bringing further volumes to the corporate whereas strengthening its general SUV portfolio. “Exter is our eighth SUV mannequin within the nation. With this, now we’re the one firm to supply merchandise within the six SUV sub-segments,” he added. Outlining the expansion of the SUV phase, he said that the vertical now accounts for 46 per cent to the general passenger automobile gross sales within the nation. For the corporate, the contribution of the SUVs in its general gross sales has gone as much as 54 per cent at present from 34 per cent in 2019, he added. “We have now additionally achieved management in three segments the place we’ve got Verna, Creta and Tucson,” Garg stated. Within the SUV phase, the automaker already sells fashions like Venue, Creta, Alcazar, Tucson, Kona Electrical and Ioniq 5. Garg famous that gross sales within the entry-level SUV phase might contact 20,000-22,000 models monthly with the launch of Exter.
Tata Punch at present sells round 11,000 models monthly. Final yr the mannequin gross sales stood at 1,29,895 models, whereas within the January-June interval this yr it stood at 67,117 models. “Exter will herald so many extra new prospects for Hyundai and the complete phase benchmark will go up,” Garg stated.
The Exter comes with a boot area of 391 litres, floor clearance of 185 mm, sprint cam with twin cameras, electrical sunroof, six airbags as commonplace and varied related options.
On gross sales outlook for the remainder of the fiscal, Garg said that issues are wanting good with chip scarcity is kind of over. The automaker has grown by 10.5 per cent within the first half of this yr, he stated. “So I believe issues are wanting good. And this was with out Exter… Now a great quantity mannequin is coming, so issues ought to be good going ahead,” Garg stated.
Hyundai bought 2.96 lakh models in January-June interval this yr, as in comparison with 2.67 lakh models in the identical interval of final yr.