“We are very strong in the compact and SUV segments in India but we are aiming at other segments too as part of our global brand identity”, he added. The Creta segment has grown by 40 per cent in the past seven months. Besides, we will enter segments where we don’t have presence. Y K Koo, managing director and CEO, HMIL said that the products in the pipeline includes Tuscan, a SUV, which will be launched by October or November.
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The manual model will be available from 14.79 to 17.67 lakh, but the Automatic version of this model is ranging above 19.10 lakhs This is one of the most affordable and updated version to be launched in India including the high-tech features in it. Tucson will create its own segment of buyers.
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.
Explaining further, he said the new products sustain momentum in the SUV market. “The market started to decline before Creta launch”.
After the last increase in production around April earlier this year, close to 13,000 units of the Creta are being hot baked now. Crossing the 7,500-mark for the sixth consecutive month, the auto also helped Hyundai register a 13 per cent growth, with a total of 41,201 units.
Hyundai also plans to export the Creta – also known as the ix25 – to no less than 92 countries.
The second largest vehicle maker in India said it has established itself as a strong compact brand.
The idea is to become leading premium and loved brand in the country, Srivastava said. HMIL has launched its sixth generation Elantra, a modern sedan recently and Santa Fe, which was launched few years before.
“The segment sales is around 1,000 units only”.
“We are targeting market leadership with 30-35 per cent market share in the Elantra segment”, said Koo.
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