Korean carmaker Hyundai Motors has been one of the leading carmaker in India who marked its presence around 15 years ago with the launch of Santro hatchback. In the coming days, the carmaker plans on launching the new Verna and i20 crossover in February and April respectively, which is expected to boost sales for the company in this year.
The company has stated its plans to set an aggressive target for itself this year and plans on ending this year on a good note. Speaking more on the occasion, Bo Shin Seo, CEO and MD at Hyundai Motor India, said, “We increased our market share in 2014, but we are not satisfied as yet. With the new Verna and a compact SUV coming in, we will look at increasing the market share further. The improving sentiment and probable cut in interest rate on the anvil, we are hoping for an even better year in 2015.”
Sources from the company state that it shall be a strong player in the Indian Utility vehicle (UV) segment in India. Commenting further, Rakesh Srivasatava, Senior Vice President, Sales & Marketing at Hyundai Motor India, said, “With our compact SUV coming in, we will be looking at a fairly significant share in the space.”
Source: ET
