Hyundai to roll out new Santa Fe new model next year
BERHAMPUR (ORISSA): Hyundai Motor India Limited (HMIL), the second largest car manufacturer in India, is planning to roll out a new model of 'Santa Fe' next year.
Santa Fe is an SUV totally imported from South Korea. "The company's Getz Prime (diesel) and I-10 rolled out recently has been appreciated by our customers in the country and we expect the proposed car too to be accepted in India," HMIL Senior General Manager B S Jeong said here on Tuesday.
The HMIL is marketing 22 variants of passenger cars in six segments and the Santro in the small car segment has recorded highest sales in the country, said Jeong, who was here to inaugurate a new Hyundai showroom.
"About 80 per cent of our market is Santro, a small car in India," he said. The other segments are Getz Prime in the B segment, the Accent and Verna in the C segment, the Elantra in the D segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.
He said the company had registered a total sales of 299,513 vehicles in the 2006 calendar year, an increase of 18.5 per cent over 2005.
It clocked a growth of 19.1 per cent compared to 2005, with 186,174 units, while overseas sales grew by 17.4 per cent with exports of 113,339 units.
The market share of the company in India is about 20 per cent. In Orissa, the company's share is 19 per cent, next to Maruti and Tata.
HMIL is a wholly-owned subsidiary of Hyundai Motor Company, South Korea.
Source : Economic Times (12/18/2007)
