Kochi: Hyundai''s new compact car will reportedly hit the roads by the end
of this year, according o Arvind Saxena, vice-president, sales and marketing,
PA, the car is a five-passenger petrol engine vehicle, which will reportedly be
priced between Santro and Getz. The car will be first launched in India, followed
by exports to the rest of the world.
said "we are closely positioning ourselves in the compact car segment, which
is the largest segment in the passenger car market". The new compact would
be rolled out from the company''s second plant at Chennai, which enhances HMIL''s
capacity to 600,000 units per annum by end 2007.
company had invested $1.3 billion in the plant.
plans to expand its dealer network to 250 by the end of the year, and opened its
196th dealership in the country at Kochi.
to Saxena, Hyundai sold around 10,000 cars in the state last year. In the current
year, over 8,000 cars have been sold so far, and he anticipates the final tally
to be in the range of 12,000 units by year-end.