In an effort to cement its position in the country, Hyundai Motor India is planning to launch 2-3 new models every year till 2020.The second largest car maker in India wants one per cent growth in its market share each year with its car launches.
"In the last two years we have launched seven models. We plan to launch 2-3 new models, including full model changes, every year continuously till 2020," said
Presently, Hyundai Motor India has more than 16% market share in the overall passenger vehicle segment with its models like i20 and Creta.
It is also developing models like a Multi Purpose Vehicle (MPV), a small SUV and full model changes for its sedans Elantra and Verna to catch the Indian market.
Hyundai is going to face competition as Suzuki also plans to roll out 15 new models by 2020.
"We will keep bringing great products into the Indian market continuously to satisfy the customers here. We want to be the most loved and trusted company in the Indian market," Seo said.
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